Stolt-Nielsen: Bright lights still ahead
Stolt-Nielsen issues its 4Q20 (September-November) results next Thursday being the usual Canary in the Coal Mine. We anticipate figures to be solid seeing the Chemical Tanker sector as one of the winners in the time of pandemic. We moderately expect the quarter to be more comparable to 2Q20 numbers suggesting that 3Q was exceptionally strong, but even repeating 2Q would be a success in our view. The long-term view was strengthened following the JV with John T Essberger, while the stock reacted positively to the news on Stolt Sea Farm exploring possible IPO. We raised our TP to NOK 150/sh keeping Buy recommendation for the stock.
The specially designed 70-meter deepwater cage can hold twice as much fish as Salmar s existing Ocean Farm sea cage with the capacity to produce three million s
A bushfire burning at Gingin, north of Perth, has been downgraded to a watch and act message.
Despite the downgrading, the hot, dry conditions forecast for the next 24 hours are threatening to test the fire s containment lines.
Crews are still working to extinguish embers left in its wake.
The Emergency Warning for the fire burning at the Shire of Gingin has been downgraded to a Watch and Act.(Franziska Rimrod) As you can imagine though, as you feel the weather out here today, the crews are working hard continually to mop up under pretty trying conditions, DFES Incident Controller Sven Andersen said.
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