Stolt-Nielsen Ltd Ord (SOIEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Stolt Nielsen's Earnings Call for the second quarter of 2026. As always, the earnings release and related materials are available on our website. We will be recording this session and playback will be available on the website tomorrow. Included in this presentation are various forward-looking statements. Such forward-looking statements are subject to risks and uncertainties and we refer you to our latest annual report for further details. I'm Alex Ng, Vice President of Corporate Development and Strategy. Joining me today are Udo Lange, CEO, and Jens Gruner-Hegge, CFO. At the end of the presentation, there will be a Q&A session where we will take questions. To ask a question, simply type into the Q&A function on your screen. Thank you. And over to you, Udo. Thank you so much, Alex, and good afternoon, everyone. As usual, I will open with a group highlight for the quarter. Jens will then walk you through the financials, and I will come back to cover each of our divisions in turn, our view of the market, and then closing thoughts before we move to questions. With that, let's turn the page. We delivered a steady performance in the second quarter, despite the market shock in the Middle East causing significant market disruption. Group EBITDA came in at 177 million, which is a strong performance in the context of the closure of the Strait of Hormuz, which has reshaped global supply chains over the last four months. The relative stability of the results are a testament of the diversification of risk within our business model. We are not a shipping company that does logistics. We are a logistic company that operates ships. Stoltenkers delivered a stable quarter-on-quarter performance despite the volatile market, and non-tanker activities contrib...