Storli AS

Storli is one of the four leading chemical tanker operators with an 18% market share, together with Stolt-Nielsen (22%), JO Tankers (10%) and Seachem (8%). Through its wholly owned subsidiary Odfjell Tankers, it operates 45 ships, 27 of which are company owned. In July 1995, it took delivery of its second newbuilding from a series of six from Kvaerner Group, and was expecting a third in October.

In 1994, Storli reported a net income of NOK 162 million vs. a loss of NOK 31 million in 1993. This reversal of fortune came as revenues increased by 14% while expenses remained stable. Strong demand arose as most of the economies around the world improved compared to the previous year. Freight rates improved by 17% in 1994 and, together with increased volume, boosted Storli’s profitability.

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