Stolt-Nielsen has received key government approvals for its acquisition of the chemical tanker fleet of Jo Tankers.

The Oslo-listed chemical tanker giant said competition authorities gave it unconditional approvals for the transation.

The London-headquartered company hopes to finalise the deal by the end of the month..

As TradeWinds has reported, Stolt is taking over 13 chemical tankers and a 50% stake in a joint venture that controls eight newbuildings.

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