LONDON, November 21, 2023 - Stolt-Nielsen Limited (Oslo Børs: SNI), announced
today that its subsidiary, Stolt Tankers B.V., has reached an agreement with
Wuhu Shipyard to build six 38,000 deadweight tonne stainless steel parcel
tankers for delivery between 2026 and 2028, with additional options for a
further six newbuildings. 

The ships are designed to maximise fuel efficiency using modern engine design,
hull form optimisation, a wide range of energy savings devices, and shore power
connection, with the additional benefit that they can also be converted for
future battery and methanol propulsion. The new ships will have 30 stainless
steel cargo tank segregations offering a wide range of cargo flexibility and
reflecting the evolving needs of our customers. 

Udo Lange, Chief Executive Officer, Stolt-Nielsen Limited, said, "Following our
well-timed acquisitions of 10 secondhand ships since 2021, now is the right time
to invest in newbuildings. This deal positions Stolt Tankers for the future by
improving flexibility and maintaining our fleet size as we retire older ships
from our network between 2026 and 2030. 

"It also reflects our strategy to add modern, fuel-efficient ships to our fleet
to support our customers by improving our service offering and making their
supply chains simpler and more sustainable. Not only will these new ships help
Stolt Tankers in its ambition to reduce its carbon intensity by 50% (relative to
the 2008 baseline) by 2030, but they will also help reduce customers' Scope 3
emissions. These newbuildings put our strong balance sheet and cash flow
generation to work to deliver sustainable shareholder returns while maintaining
our position as the world's largest operator of chemical tankers."

For additional information please contact: 

Jens F. Grüner-Hegge
Chief Financial Officer
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com

Ellie Davison
Head of Corporate Communications
UK +44 (0) 20 7611 8926
e.davison@stolt.com 

About Stolt-Nielsen Limited
Stolt-Nielsen (SNL or the Company) is a long-term investor and manager of
businesses focused on opportunities in logistics, distribution and aquaculture.
The Stolt-Nielsen portfolio consists of its three global bulk-liquid and
chemicals logistics businesses - Stolt Tankers, Stolthaven Terminals and Stolt
Tank Containers, Stolt Sea Farm and various investments. Stolt-Nielsen Limited
is listed on the Oslo Stock Exchange (Oslo Børs: SNI).