MOL Chemical Tankers, a subsidiary of Japan’s Mitsui O.S.K Lines (MOL), has successfully acquired all shares in the Singapore-based Fairfield Chemical Carriers from Fairfield-Maxwell in the U.S.
The acquisition, valued at USD 400 million, shows MOL’s strategy to expand its chemical tanker business and meet the growing demand in the sector, as outlined in its management plan called BLUE ACTION 2035.
This acquisition, based on a share transfer agreement signed in 2023, has...