Stolthaven Terminals recently welcomed Niels G. Stolt-Nielsen, chairman of Stolt-Nielsen Limited, to the Jeongil Stolthaven Terminal (JSTT) in Ulsan, South Korea. He was accompanied by Guy Bessant, president of Stolthaven Terminals, and Richard Wingfield for the visit, which was hosted by SM Lee, president of JSTT and the company’s local partner.

During the visit, Lee provided an overview of the terminal’s considerable development since the joint venture was first established in 1999. Over that period, JSTT’s storage capacity has grown significantly, from 309,500 m³ to more than 1.6 million m³, with a further expansion project currently under construction and scheduled to be operational by the end of 2026.

The occasion carried particular significance given the presence of Richard Wingfield, formerly managing director of Stolt-Nielsen in Asia Pacific, who led the original negotiations that gave rise to the joint venture that became JSTT.

Reflecting on the visit, Guy Bessant emphasised the importance of partnership to Stolthaven Terminals’ philosophy. He noted that the company believes successful joint ventures are built on close collaboration, and that working alongside partners to develop and implement long-term strategies is central to delivering value for shareholders, employees and customers alike.

For more information visit www.stolt-nielsen.com

25 March 2026