Stolt-Nielsen is back on the chemical tanker merger and acquisition hunt with Stolt Tankers now considered IPO ready.

Oslo-listed tanker and terminal company Stolt-Nielsen has been setting up its tanker business as a stand-alone company following the $575m takeover of Jo Tankers in 2016.

Niels Stolt-Nielsen, chief executive of Stolt-Nielsen, says the process to separate out Stolt Tankers is about to be completed, leaving it in a position to be floated or "do another deal".