MOL acquires Nordic Tankers

MOL acquires Nordic Tankers

Mitsui OSK Lines’s Singapore subsidiary, MOL Chemical Tankers, has sealed a deal with private equity concern Triton to acquire Danish owner Nordic Tankers.

Upon completion of the deal, expected next month, the company will be renamed MOL Nordic Tankers. All existing management and employees of Nordic will remain in the company and services will be maintained without any disruption.

MOL Chemical Tankers currently operates 56 chemical tankers, and the addition of Nordic Tankers will add a further 19 chemical tankers to its fleet.

Per Sylvester Jense, CEO of Nordic Tankers, commented: “At Nordic Tankers we are very pleased to get MOL Chemical Tankers as our new owners. MOL Chemical Tankers is a well-respected company with a successful history in the chemical tanker industry with strong customer focus that mirrors Nordic Tankers strategy. We expect that the new owner will enhance Nordic Tankers ability even further in delivering exceptional value to our customers, owners, employees and other stakeholders and are looking forward to further grow and develop Nordic Tankers in a close partnership with MOL Chemical Tankers.”

Nordic Tankers has origins dating back to 1962, and was acquired by Triton in 2012.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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