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January 09, 2019

"MOL Chemical Tankers Pte. Ltd. acquires the entire shares of Nordic Tankers A/S from Triton"

TOKYO - 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.

For more information, please refer to the announcement by MOLCT
"MOL Chemical Tankers Pte. Ltd. acquires an entire shares of Nordic Tankers A/S from Triton"

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