Stolt Tank Containers (STC) reported fourth-quarter revenue of $167 million (€140 million), up from $162.1 million (€135 million), in the fourth quarter of 2024, reflecting an increase in shipment volumes and higher demurrage and ancillary revenue, offset by the impact of lower ocean carrier freight rates on transport revenue.
Fourth-quarter operating profit hit $8.1 million (€6.7 million), a decline from $16.6 million (€13.8 million) in the fourth quarter of 2024.
This was predominantly driven by lower transport margins and higher administrative and general expenses, due to professional fees and legal expenses.
The tank container market is expected to remain highly competitive amid soft chemical demand. However, STC believes that low levels of new tank production and ongoing capacity rationalisation are laying the foundation for an eventual market recovery.
"STC remains well positioned for a potential upturn, and will continue to focus on margin stability, cost discipline and delivering a successful integration of Suttons," read a Stolt-Nielsen statement.
STC – higher shipments offset by margin pressure
