as ose sni industry logistics bulk liquid transport parcel tankers tank containers terminals storage aquaculture predecessor parcel tankers inc. founded 1959 headquarters bermuda area served global key people niels g. stolt nielsen ceo christer olsson chairman revenue usd 2 137.7 million 2014 1 operating income usd 129.8 million 2014 1 net income usd 77.7 million 2014 1 number of employees 5000 2014 1 website www.stolt nielsen.com stolt nielsen limited snl is a provider of integrated transportation and storage solutions for specialty and bulk liquid chemicals and a wide range of other liquid products . snl s aquaculture division is a producer of turbot and other fish and fish products . founded in 1959 corporate services are provided from london . most of the company s operations are in the us the netherlands and singapore . contents 1 foundation 2 company history 2.1 1959 2000 2.2 the 2000s 3 operations 3.1 headquarters 3.2 stolt tankers 3.3 stolthaven terminals 3.4 stolt tank containers 3.5 stolt nielsen gas 3.6 stolt bitumen services 3.7 stolt sea farm 4 references foundation edit jacob stolt nielsen began his career training at a ship brokerage in london when he noticed an increase in certain kinds of liquids being shipped over the sea especially those that served as the base materials for plastics . he moved to new york city in order to work for r.j. chianelli a broker in the chemicals industry that focused on these products . he witnessed the explosion in growth of the plastics industry building on technology developed during world war ii . however the basic materials needed for the creation of plastics were new substances that the traditional shipping industry did not yet know how to ship safely or effectively . there was a need in the industry for tankers that could transport different liquid chemicals in separation from each other in order to keep the substances strictly pure upon delivery . there was also a need for the creation of packaging or housing the materials such that they would not eat through the containment . he developed a system using deep well submersible pumps one pump and one tank per parcel of liquid in order to maintain the purity of the substances and the integrity of the containment . for his idea he received 20 % of a new venture looking to monetize the idea with chianelli receiving 20 % and 60 % going to a customer of theirs c.p. steuber . the new firm was called chemical carriers inc formed one year after stolt nielsen had first arrived in the us . the new system improved the cost efficiency of shipping the chemicals by over 300 % resulting in an immediate profit for the company and the nickname jackpot nielsen for the new method s inventor . the maiden voyage of the new tanker system was made on board the freddy . this was the prototype for the parcel tanker a further development on the idea by stolt nielsen . 2 stolt nielsen leveraged his invention into his work as a ship broker 3 and in 1959 stolt nielsen officially became a ship owner with his purchase of the stolt avance . 4 company history edit 1959 2000 edit in 1959 he started what would ultimately become stolt nielsen limited initially under the name parcel tankers inc. with a chartered ship . the company purchased the fossvik in 1961 which was renamed the stolt avenir followed by the ringerd renamed the stolt victor . 5 in 1962 the company opened its first asian office in tokyo in order for the victor to service that area of the world . 6 by 1963 the company had offices in oslo norway ; new york united states and tokyo japan and was operating 18 ships . 7 in 1965 the company purchased the stolt condor and stolt atlantic all time chartered to parcel tankers and run from the port at haugesund norway . 5 they also began to expand into south america . 8 in 1971 the first storage terminal was acquired and in 1972 sea farms then not part of the stolt nielsen group was founded . in 1988 the company issued an initial public offering on nasdaq . jacob passed on his position as ceo to his son niels g. stolt nielsen in 2000 with jacob staying as chairman of the company . 9 the 2000s edit stolt nielsen entered an amnesty agreement in january 2003 with the united states department of justice on condition that it fully disclose the operating activities of its competitors and partners . the result of this disclosure led to criminal charges against two companies odfjell and jo tankers . the doj rescinded its amnesty and withdrew from the agreement with stolt nielsen in march 2004 . 10 stolt nielsen responded by filing civil complaints against the government arguing that the doj had illegally breached its contract with stolt nielsen by withdrawing amnesty . the resulting trial in 2005 ruled unanimously in favor of stolt nielsen and its executives . the court issued injunctions restricting the doj from indicting the company and found that the doj had not provided sufficient proof that stolt nielsen was in breach of contract . 11 12 in 2005 the company saw a 61 % in operating income . 13 in 2007 the company voluntarily delisted from nasdaq 14 and the doj dismissed all antitrust accusations against the company . 15 by the end of 2007 the company had recovered from the dismissed allegations with a 216.4 million profit and a 12 % increase in operating revenue to 1.75 billion . 16 the us supreme court refused to hear the appeal of antitrust allegations . the decision enabled stolt nielsen to petition the district court in philadelphia to dismiss the indictment based on the amnesty agreement a petition that was successful . 17 the court threw out the three year attempt to indict stolt nielsen as it had fully complied with the amnesty agreement they had previously signed . 18 in 2009 jacob stolt nielsen stepped down as chairman remaining a director of the board . he was succeeded by then vice chairman christer olsson a member of the board since 1993 . 19 20 in 2011 the company transported 17.4 million tons in 12 179 parcels for 410 customers with ships able to transport more than 600 different chemicals . 21 that year the company had also taken the lead in anti piracy efforts spending over 1 million per month to protect its ships with the use of various technologies and armed guards . 22 in the aftermath of hurricane isaac it was discovered that stolthaven llc s terminal in braithwaite louisiana near new orleans terminal leaked thousands of gallons of hazardous material . in addition there were several railroad tankers that were full of hazardous material and left at the plant for the duration of the hurricane . many of the rail cars were overturned and potentially leaked hazardous material . 23 on 11 september 2012 stolthaven reported to the louisiana department of environmental quality that it had potentially leaked 97.3 gallons of benzene 177 568 gallons of diethylethanolamine 97.3 gallons of naphthalene and large amounts of various other hazardous chemicals . 24 the ldeq immediately launched an investigation to determine the amount of chemicals spilled and to assess the hurricane preparedness of the braithwaite terminal . the ldeq fined stolthaven llc twice once for a false reporting of a chemical spill and second for a lack of preparation for the hurricane . 25 26 in may 2014 the company made a partnership with the dutch multinational commodity trading company trafigura to develop a new bitumen terminal in the uk . it was announced that the companies have plans to begin operations at the import center from mid 2015 at stolthaven terminals dagenham site east of london . the dutch trading company are proposing to invest at least 15m over ten years . 27 in june 2015 stolt nielsen and golar lng announced a joint venture to pursue production and distribution opportunities . the firm also made a strategic investment in the golar acquiring a 2.3 percent stake . 28 operations edit stolt kittiwake on the way outward from carrington uk in 2005 headquarters edit stolt nielsen limited is registered in rotterdam . corporate services are provided from rotterdam . the parcel tanker and terminal businesses are managed from rotterdam and the tank container business is managed from houston . the aquaculture business is in spain . 29 30 stolt tankers edit the company first started with a single charter tanker and today the stolt tankers division is one of the world s largest parcel tanker companies with a fleet of more than 150 deep sea coastal and inland tankers . 29 stolthaven terminals edit stolthaven terminals operates a global network of 20 owned and joint venture bulk liquid terminals with a total of 4.1 million cubic meters of storage capacity . the company s six wholly owned terminals are located in new orleans and houston in the u.s santos in brazil singapore london in the uk and moerdijk in the netherlands . stolthaven has nine majority owned terminals in australia and new zealand and also participates in five joint venture operations antwerp in belgium westport in malaysia ulsan in south korea and ningbo and tianjin in china . the company also operates and maintains more than 450 railroad tank cars in north america . 31 stolt tank containers edit jacob stolt nielsen helped establish united tank containers in 1978 starting small with only a few units . 32 the outfit was eventually renamed stolt tank containers stc . it currently operates the world s largest fleet of stainless steel iso tank containers with more than 31 000 units in service . the fleet is supported by a global network of 24 offices and 15 tank maintenance repair and cleaning depots in locations worldwide . 31 stolt nielsen gas edit stolt nielsen limited entered the market for the transportation of liquefied petroleum gas lpg in late 2009 . the company purchased the althea gas built in 2003 and the vlgc yuhsho built in 1999 . 33 the company began further integrating the gas business into its business model by the purchase of second hand liquefied petroleum gas carriers operating in both the spot and short term period markets . 34 on 19 november 2010 sng entered into a partnership with sungas holdings ltd to become equal shareholders in avance gas holding ltd which was previously wholly owned by sng . avance gas now owns six vlgcs . 31 stolt bitumen services edit stolt bitumen services sbs is a new division of stolt nielsen limited that focuses on distribution of bitumen using bitumen tankers bitutainers and storage terminals . 31 stolt sea farm edit the company got into commercial scale aquaculture in 1972 . the company first started farming salmon and rainbow trout deciding that it would be easier than other stocks such as lobster and sea trout.they began their efforts under the name sea farm so there was no name association to stolt nielsen in its early years . 35 the separate company went public in 1985 which it remained until it was purchased by stolt nielsen in 2006 . 36 in 2005 the salmon trout halibut tilapia cod sturgeon and caviar operations of stolt sea farm were merged into marine harvest . in 2006 the sturgeon and caviar operation was merged back into the stolt sea farm group . today stolt sea farm is a fish farm producer of turbot sole sturgeon and caviar . 31 references edit a b c d 2012 annual report . retrieved september 5 2013 . lori ann larocco 2012 . dynasties of the sea . marine money . pp. 1 5 . kristian ilner 2009 . jacob stolt nielsen an entrepreneur . vigmostad bjorke . p. 92 92 . ilner 104 105