Stolt Tank Containers reports decline in Q3 profit
NewsStolt Tank Containers’ operating profit decreased by approximately 30.5% year-on-year in the third quarter of 2024 as the company braces for challenging market outlook.
Stolt Tank Containers (STC) has come a long way since it was established in May 1982 with the purchase of United Tank Containers (UTC) and its 400 tanks. Tank container transport was then in its infancy and management felt lucky to achieve a fleet utilisation rate of 42% over the first year, as they struggled to market the tank concept to hesitant chemical shippers worldwide.
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