MOL acquires 20% share of Dutch company Den Hartogh
MITSUI OSK Lines, Ltd. ( MOL) announced recently that one of its group company, MOL Chemical Tankers Pte. has acquired a 20-percent stake in Den Hartogh Logistics
MOL President & CEO Junichiro Ikeda said that after the acquisition, MOL Chemical Tankers (MOLCT) and Den Hartogh will sign a partnership deal aimed at jointly expanding the leading global logistics company’s approach to the transport
comprising tank containers, parcel chemical tankers, and a tank terminal.
Den Hartogh Logistics is a leading global logistics company, operating over 19,000 tank containers transporting liquid chemicals and gases, intercontinental, intraregional and domestic while also handling 7,000 box containers for the polymer and food industry. The company has accelerated the expansion of its business on a global scale, using proactive mergers and acquisitions to fuel its growth, while reliably meeting customers’ diverse transport needs.
MOLCT operates with a global chemical tankers, including those operated by the newly acquired MOL Nordic Tankers A/S.
While leading marine transportation of liquid chemicals, vegetable oils and animal fats, MOLCT has formed a joint venture company aiming to construct and operate a chemical tank terminal in Antwerp, Belgium at the hub of the world’s biggest chemical cluster, and steadily developing towards a chemical multimodal logistics service company.
As capital and business partners Den Hartogh Logistics and MOLCT will further develop a mutual global customer network and strengthen its competitiveness as service providers of global liquid chemical logistics.