March 26, 2019 – Den Hartogh Logistics and MOL Chemical Tankers Pte. Ltd. in Singapore (MOLCT) announced a strategic partnership to jointly develop and streamline liquid chemical logistics services utilizing tank containers, parcel chemical tankers and tank terminals. Lexence has advised Den Hartogh with the acquisition.
Corporate / M&A
MOL Chemical Tankers is one of the global leaders in ocean transport. The company specializes in chemical parcel tankers for bulk liquid chemicals, vegetable oil and animal fats. As strategic partners MOLCT and Den Hartogh Logistics offer their customers in the petrochemical industry truly global supply chain solutions, which combine the tanker fleet and depots of MOLCT with the tank container fleet of Den Hartogh Logistics. These end-to-end supply chain solutions offer customers the best of both worlds, with the highest level of safety and cost effectiveness on a global scale.
Existing services of tank containers by Den Hartogh Logistics and parcel tankers by MOLCT will continue and both companies will further develop a mutual global customer network and strengthen its competitiveness as service providers of global liquid chemical logistics.