MOL Chemical Tankers Acquires Nordic Tankers

(Image Courtesy: MOL Chemical Tankers)

Mitsui O.S.K. Lines announced that its group company, MOL Chemical Tankers Pte. Ltd. in Singapore (MOLCT) has agreed with Nordic Tankers LuxCo S.C.A. in Luxembourg (Triton), that MOLCT acquires 100% shares of Nordic Tankers A/S in Denmark (NT) from Triton.

MOLCT currently operates 56 deep-sea stainless-steel chemical tankers ranging between 19,000MT and 37,000MT in deadweight worldwide, while NT operates 19 deep-sea stainless-steel chemical tankers mainly in the Trans-Atlantic and Latin America trades.

MOL said that though the trading areas are mostly diverse between the companies, their business strategies are in line, with high COA portfolio and multi-segregation tankers.

Therefore, the acquisition of NT by MOLCT shall create a stronger business platform as one of the worldwide major owners/operators for stainless-steel chemical tankers and shall benefit customers by providing more competitive options, MOL stated through a press note on Wednesday (January 9)

Sea News, January 9