Nordic Business Report-April 12, 2006-Stolt-Nielsen Transportation Group and Gulf Navigation sign strategic partnership agreement
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The Norwegian transportation services and aquaculture group Stolt-Nielsen SA said on Tuesday (11 April) that its wholly-owned subsidiary Stolt-Nielsen Transportation Group has signed a strategic partnership agreement with Dubai-based company Gulf Navigation.
As part of the partnership Gulf Navigation will take over and utilise Stolt-Nielsen Transportation Group's option for the building of two 44,000 dwt parcel tankers at ShinA Shipbuilding Co Ltd in Korea.
After delivery the tankers will operate in the Stolt Tanker Joint Service pool.
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