MOL Chemical Tankers to Buy Fairfield Chemical Carriers

Singapore-headquartered shipping company MOL Chemical Tankers has agreed to acquire the business of Fairfield Chemical Carriers, a subsidiary of Fairfield-Maxwell, in an all-cash transaction for about $400 million.

The transaction, which has been approved by both companies’ boards of directors, includes Fairfield Chemical Carriers’ subsidiaries: Fairfield Japan; Fairfield Chemical Carriers in the Netherlands; Fairfield Chemical Carriers South Africa; and Fairfield Chemical Carriers in Singapore. The transaction is expected to close in the fourth quarter, subject to customary regulatory approvals.

Fairfield Chemical Carriers' fleet consists of 36 chemical tankers and would complement MOL Chemical Tankers' existing fleet of 85 chemical tankers.

Source: MOL Chemical Tankers
Source: MOL Chemical Tankers

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.