Stolt-Nielsen could soon spin-off its tanker fleet with an initial public offering at a time when the owner is looking for further consolidation.
A listing for Stolt Tankers would follow a familiar path for Oslo-listed parent Stolt, which floated its VLGC interest when Avance Gas went public in 2014.
DNB Markets analysts led by Nicolay Dyvik say a spin-off or listing of Stolt Tankers could happen “sooner rather than later”.
