MOL Chemical Tankers Acquires Fairfield Chemical Carriers for ~$400M

March 1, 2024

MOL Chemical Tankers, a subsidiary of Mitsui O.S.K. Lines (MOL), completed the acquisition of Fairfield Chemical Carriers (FCC) in an all-cash share purchase valued at about $400 million. The deal (closed 1 March) brings FCC's 36 stainless-steel chemical tankers into MOLCT's global fleet, creating one of the world’s largest multi-segregated chemical tanker fleets and strengthening MOLCT's service network and capabilities.

Buyers
MOL Chemical Tankers, Mitsui O.S.K. Lines (MOL)
Targets
Fairfield Chemical Carriers
Sellers
Fairfield-Maxwell
Industry
Transportation
Location
Singapore
Transaction Type
Buyout

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