MOL grows tank storage business as it completes LBC Tank Terminals acquisition
Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.
As disclosed, MOL received approvals from all relevant authorities for the acquisition on June 30, 2025.
To remind, the parties signed the $1.7 billion sale and purchase agreement in early March 2027.
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MOL to acquire Dutch tank terminal operator in $1.7B deal
The Japanese group said it has positioned the chemical logistics business as a strategic business domain where it expects growth in the future. Following the acquisitions of Nordic Tankers in 2019 and Fairfield Chemical Carriers in 2024, the acquisition of LBC will enable the MOL Group to strengthen its chemical logistics service by incorporating tank storage business into its portfolio, alongside marine transportation.
This business expansion will allow MOL Group “to respond quickly to the diverse needs of customers”, as well as to grow as a pillar of
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