Fourth-quarter operating profit hit $8.1 million, a decline from $16.6 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.
