MOL Chemical Tankers Pte. Ltd. acquires the entire shares of Nordic Tankers A/S from Triton
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) 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. Though trading areas mostly diverse between the companies, their business strategies are in line, i.e. (a) with high COA portfolio and (b) 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.