Stolt-Nielsen Limited : Stolt-Nielsen Limited Reports Unaudited Results For the Fourth Quarter and Full Year of 2012

 Stolt-Nielsen Limited : Stolt-Nielsen Limited Reports Unaudited Results For
                   the Fourth Quarter and Full Year of 2012

LONDON, January  31,  2013 -  Stolt-Nielsen  Limited (Oslo  Børs:  SNI)  today 
reported unaudited results  for the  fourth quarter ended  November 30,  2012. 
Net profit attributable to SNL shareholders  in the fourth quarter was  $18.2 
million, with revenue of $510.9 million, compared with $7.1 million and $516.4
million, respectively, in the third quarter of 2012.

Net profit  attributable to  SNL  shareholders for  the  full year  was  $70.2 
million, with revenue of  $2,071.7 million, compared  with $108.2 million  and 
$2,029.4 million, respectively, in 2011.

Highlights for the fourth quarter of 2012, compared with the third quarter  of 
2012, were:

  oStolt Tankers reported an operating profit of $2.6 million, compared with
    an operating loss of $0.8 million, reflecting a modest improvement in
    operating results.
  oThe Stolt Tankers Joint Service Sailed-in Time-Charter Index^[1] rose to
    1.14 from 1.12.
  oStolthaven Terminals reported an operating profit of $22.9 million, up
    from $12.2 million. Excluding one-time gains and charges and the impact
    of damage to the New Orleans terminal caused by Hurricane Isaac,
    Stolthaven's operating results improved by approximately 7% in the fourth
    quarter driven by increased capacity and throughputs.
  oStolt Tank Containers reported an operating profit of $17.5 million, down
    from $20.1 million. Excluding a $3.0 million reduction in depreciation in
    the prior period, operating profit at STC was essentially unchanged for
    the quarter.
  oStolt Sea Farm reported an operating loss of $2.0 million, before
    reflecting a $6.5 million gain in connection with a recent acquisition,
    compared with a loss of $1.4 million.
  oStolt-Nielsen Gas reported equity income of $0.1 million from its
    investment in Avance Gas Holding Ltd., compared with equity income of $1.1
    million in the third quarter, as conditions softened in the LPG
    transportation market and routine drydockings were accelerated in the weak
    market.

Commenting on  the  Company's  results,  Mr.  Niels  G.  Stolt-Nielsen,  Chief 
Executive Officer of Stolt-Nielsen Limited, said:

"Excluding one-time gains  and charges, SNL's  fourth-quarter results were  up 
slightly, compared with the  third quarter. Stolt  Tankers reported a  modest 
operating profit for  the quarter, due  to a combination  of improved  trading 
performance and lower operating costs. While an improvement from the previous
quarter, it caps off a rather disappointing year for our tanker business and I
do not believe  in any significant  recovery in 2013.  Results at  Stolthaven 
Terminals, excluding one-time factors in  the third and fourth quarters,  were 
up due to increases in both  capacity and throughput. Stolt Tank  Containers' 
fourth-quarter results  were flat,  excluding the  $3.0 million  reduction  in 
depreciation in the third-quarter. Stolt Sea Farm would have reported a  loss 
for the quarter, excluding the $6.5  million one-time gain in connection  with 
its Acuidoro acquisition."

"Over the last four years we have aggressively expanded both our terminal  and 
tank containers  businesses, while  maintaining our  leading position  in  the 
chemical  tanker  market.  With  the  significant  capital  investments   and 
commitments we have made in our businesses during these challenging years,  we 
will be in a strong position  to benefit from improved market conditions  once 
the global economy eventually improves."

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[1] The Stolt Tankers Joint Service Sailed-in Time-Charter Index is an indexed
measurement of the sailed-in rate for the Joint Service and was set at 1.00 in
the first quarter of 1990 based  on the average sailed-in time-charter  result 
for the fleet at the time. The sailed-in rate is a measure frequently used by
shipping companies,  which subtracts  from the  ships' operating  revenue  the 
variable costs  associated  with  a voyage,  primarily  commissions,  sublets, 
external time charter expenses, transshipments, port costs, and bunker fuel.



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
SNL 4Q12 Earnings Press Release

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Source: Stolt-Nielsen Limited via Thomson Reuters ONE
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