MOL Wraps Up Fairfield Chemical Carriers Acquisition
Mitsui O.S.K. Lines (MOL) has, through its subsidiary MOL Chemical Tankers, completed the acquisition of Fairfield Chemical Carriers, creating one of the world’s largest multi-segregated chemical tanker fleets.The acquisition, valued at $400 million, is based on a share transfer agreement signed at the end of September 2023, which has been approved by the relevant authorities under competition law.The transaction is in line with MOL’s plan to proactively invest in chemical tanker business…
Denmark's Promising Future
One of the world’s leading seafaring nations, Denmark has maritime roots stretching back more than 1,000 years. While its history is strong, the Danish market has its collective eyes squarely on the future. In its quest for continued relevance, it seeks to continue delivering innovative technologies, as well as championing green shipping and offshore initiatives. Denmark’s maritime sector fosters engineering expertise within shipping and offshore industries, as well as maritime and technological services.
Six New Chemical Tankers to Feature Wärtsilä Propulsion
Wärtsilä received an order to supply complete main propulsion systems for six new chemical tankers. The ships are being built at the Hudong-Zhonghua Shipbuilding Group yard in China on behalf of Stolt Tankers B.V., the operator of one of the world's largest chemical tanker fleets and a unit of Stolt-Nielsen Limited. There is an option for a further two vessels. The Wärtsilä propulsion packages include Wärtsilä RT-flex50 two-stroke engines, controllable pitch propellers with a tunnel gearbox and shaft generator and oily water separators.
Stolt-Nielsen, Vopak and Essberger Combine Chemical Tanker Fleets
Stolt-Nielsen Transportation Group Ltd., a wholly-owned subsidiary of Stolt-Nielsen S.A., Vopak Chemical Tankers B.V. and John T. respective European chemical tanker coastal fleets commencing December 1, 2001 under the name of Vopak Essberger Stolt ChemPool. Stolt-Nielsen Inter European Service (SNIES) and comprises 11 chemical tankers totaling 56,000 dwt. Chemical Tankers B.V. and John T. tankers totaling close to 96,000 dwt. with a total capacity of approximately 150,000 dwt. Germany and Dordrecht, the Netherlands. SNIES will transfer its marketing and operational personnel to Hamburg and Dordrecht.
