Norway's Stolt-Nielsen Louisiana storage terminal flooded by Isaac

30 August 2012 12:52  [Source: ICIS news]

LONDON (ICIS)--The Louisiana bulk liquid storage terminal of shipping firm Stolt-Nielsen has flooded after tropical storm Isaac caused a levee near the facility to breach its banks, the Norwegian company said on Thursday.

The storm has left the storage units at the company’s Stolthaven New Orleans site under as much as 7ft of water.

The terminal, which stores petrochemicals and vegetable oils, was shut down prior to Isaac’s landfall in southern Louisiana.

Isaac had been classified as a hurricane at the time it breached the levee at Braithwaite, Louisiana – near the Stolthaven site.

Jens Gruner-Hegge, Stolt-Nielsen’s vice president of corporate finance, told ICIS that the water levels at the site had started to drop, but that it was difficult to establish a timeline for resuming operations at the site until the storm passes.

He said: “The report we got was that the water has receded by about a foot, but the hurricane is still there, so it is very hard to predict what will happen next.”

By: Tom Brown
+44 208 652 3214

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