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Jacob Stolt-Nielsen dies

Jacob Stolt-Nielsen dies
Jacob Stolt-Nielsen died at the age of 83 on Sunday at home in Oslo surrounded by his family.

“Our condolences to the family and all those who were touched in life by this extraordinary man,” the board of Stolt-Nielsen Limited said in a statement.

Norwegian-born Stolt-Nielsen started his career in shipping at the age of 23 in ship chartering working his into the Baltic and Maritime Exchange.

In 1959 he founded Parcel Tankers Inc, which was to become Stolt Tankers, today the world’s largest owner of chemical tankers.

In 1973 Stolt-Nielsen seized the opportunities offered by North Sea oil and founded Stolt-Nielsen Seaways, later becoming the billion dollar company Stolt Offshore now part of Subsea 7.

In 1982 he founded Stolt Tank Containers, today the world’s largest tank container operator.

He was chairman of the board of Stolt-Nielsen Limited from its founding in 1959 until 15 December 2009 when he stepped down. He remained a director until retiring in December 2014.

Jacob Stolt-Nielsen leaves behind his wife of 58 years, Nadia; two daughters, Siri and Lise; two sons, Jacob B., a director of Stolt-Nielsen Limited, and Niels Greger, a director and ceo of Stolt-Nielsen Limited), and their families, including 13 grandchildren.