STC Q4 revenue up

Stolt Tank Containers (STC) reported fourth-quarter revenue of $162.1 million (€155 million), an increase of 8.1 percent from $150 million (€143 million), in the fourth quarter of 2023.
Transport revenue increased by 10.7 percent due to an increase in ocean freight rates as a result of space constraints with carriers, partially offset by a decline in shipments. Demurrage revenue was also down on the prior year.
Fourth quarter operating profit was $16.6 million, an increase of 16.8 percent from $14.2 million (€13.6 million), in Q4 2023 as liner space constraints, out of Asia in particular, increased transport margins.