Stolt-Nielsen has enjoyed some success in passing the anticipated extra fuel cost from IMO 2020 rules onto its customers, its chief executive says.

Oslo-listed Stolt is also working on a sale-and-leaseback deal involving multiple tankers, it has emerged.

Chief executive Niels Stolt-Nielsen says the company could face a $130m hike in its bunker bill when the new sulphur emissions rules arrive.