Tanks for Sale – Stolt Nielsen Acquires Stake in Marstel Terminals

Two weeks ago, we reported on Lindsay Goldberg’s investment in Odfjell’s tank terminals. This week we learned that Stolt-Nielsen agreed to acquire a majority stake in Marstel Terminals, a company which owns nine liquid bulk facilities, with a capacity of 177,000 cbm, in Australia and New Zealand. Stolt will purchase a 70% interest in the company with the founders, Graham and Anne Catley, retaining 30% of the equity and remaining as managers. According to management, the addition of these terminals will be complementary to the company’s regional tanker operations in Asia Pacific.

This is only an excerpt of Tanks for Sale – Stolt Nielsen Acquires Stake in Marstel Terminals

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.