LONDON, October 6, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) today reported
unaudited results for the third quarter ended August 31, 2011. Net profit
attributable to shareholders in the third quarter was $22.4 million, with
revenue of $529.8 million, compared with $32.4 million and $528.0 million,
respectively, in the second quarter of 2011.

Highlights for the third quarter of 2011, compared with the second quarter of
2011, were:

* Stolt Tankers reported operating income of $6.6 million, compared with an
operating loss of $3.5 million, reflecting an improvement in spot freight
rates compensating for higher bunker costs. Second-quarter operating income
reflected an impairment loss of $8.5 million taken on assets held for sale.
* The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] rose to
1.08 from 1.05.
* Stolthaven Terminals reported an operating profit of $15.8 million, up from
$15.7 million, with continued strength in demand and throughput.
* Stolt Tank Containers reported an operating profit of $18.2 million, down
from $18.9 million, reflecting the impact of seasonal market conditions.
* Stolt Sea Farm reported an operating loss of $0.2 million, compared with an
operating profit of $9.3 million, reflecting a negative adjustment of $4.0
million from the fair value accounting for inventories, compared with a
positive adjustment of $5.9 million.
* Stolt-Nielsen Gas reported net income of $0.3 million on its investment in
Avance Gas Holding Ltd (AGHL), compared with a net loss of $1.8 million,
reflecting the turnaround in the very large gas carrier (VLGC) market in the
third quarter.

Commenting on the Company's results, Mr. Niels G. Stolt-Nielsen, Chief Executive
Officer of Stolt-Nielsen Limited ("SNL"), said:

"Stolt-Nielsen Limited's third-quarter operating results were similar to those
in the previous quarter, when excluding the effects of one-time items and the
impact of fair value accounting adjustments of inventories at Stolt Sea Farm.
The chemical tanker market continues to slide sideways. We have seen a slight
firming of spot freight rates in response to higher bunker prices and other
operational costs. Contract renewals and overall volumes on our deep-sea trades
also edged upward in the quarter. Results at Stolthaven Terminals remained on
track, with another consistent performance. Stolt Tank Containers experienced a
seasonal slowdown, but results were only slightly lower than the previous
quarter. Results at Stolt Sea Farm were held down by a negative adjustment to
the fair value of inventories, as prices declined toward the end of the quarter.
Finally, we saw the long-awaited turnaround of the VLGC market, with improved
freight rates and reduced waiting times between loadings. This bodes well for
the next quarter."

"We have stated for some time that we do not expect a significant improvement in
the parcel tanker market before 2013. That still stands, driven by the
dissipating orderbook of chemical tankers and the lack of new orders in the
works. So unless the present debt crisis triggers a global recession, we
believe the supply and demand balance will move in our favour in the time frame
stated. We expect Stolthaven Terminals and Stolt Tank Containers to continue to
deliver strong results driven by good business fundamentals overall. There has
been a significant turnaround in the VLGC market, which should be reflected in
our fourth-quarter results and expected to continue in 2012. We look for
improved contributions to our bottom line over the long term from Stolt Sea Farm
and from Stolt Bitumen Services. We will continue to protect our strong balance
sheet and healthy liquidity position, which should enable us to ride out
whatever comes our way."

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[1] The Stolt Tankers Joint Service Sailed-in Time-Charter Index is an indexed
measurement of the sailed-in rate for the Joint Service and was set at 1.00 in
the first quarter of 1990 based on the average sailed-in time-charter result for
the fleet at the time. The sailed-in rate is a measure frequently used by
shipping companies, which subtracts from the ships' operating revenue the
variable costs associated with a voyage, primarily commissions, sublets,
external time charter expenses, transshipments, port costs, and bunker fuel.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

[HUG#1552655]

Stolt-Nielsen Limited Reports Unaudited Results For the Third Quarter of 2011