Strategic alliance between MOL Chemical Tankers and Den Hartogh Logistics

13 Februaty 2019

MOL Chemical Tankers Pte. Ltd. in Singapore (MOLCT) and Den Hartogh Logistics in the Netherlands are pleased to announce a strategic alliance to jointly develop and streamline liquid chemical logistics services utilizing tank containers, parcel chemical tankers and a tank terminal.

Den Hartogh Logistics is a leading global logistics company, operating over 19,000 tank containers transporting liquid chemicals and gasses, intercontinental, intraregional and domestic while also handling 7.000 box containers for the polymer and food industry.

MOL Chemical Tankers operates with a global fleet size of more than 80 parcel chemical tankers, including those operated by the newly acquired MOL Nordic Tankers A/S.

While leading marine transportation of liquid chemicals, vegetable oils and animal fats, MOLCT has formed a joint venture company aiming to construct and operate a chemical tank terminal in Antwerp, Belgium at the hub of the world’sbiggest chemical cluster, and steadily developing towards a chemical multi-modal logistics service company.

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 of MOLCT with the tank container fleet of Den Hartogh Logistics. These end-to-end supply chain solutions offer our 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. The strategic alliance is ratified by MOL Chemical Tankers acquiring 20% of the issued shares of Den Hartogh Logistics’ holding company from the current sole shareholder Den Hartogh Beheer B.V.

As capital and business partners Den Hartogh Logistics and MOLCT will further develop a mutual global customer network and strengthenits competitiveness as service providers of global liquid chemical logistics.

Tsuneo Watanabe, CEO & Managing Director of MOLCT: “We are really pleased and excited about this capital and business alliance with Den Hartogh Logistics. Den Hartogh Logistics and MOLCT shall commit to all customers that both companies continue and improve the current service provided. Therefore, further continuous support by all customers should be highly appreciated.

”Pieter Den Hartogh, Group Managing Director of Den Hartogh Logistics: “We are truly delighted about this alliance and innovation in chemical logistics. This strategic partnership will combine expertise, assetsand entrepreneurship to offer supply chain and end-to-end logistic solutions for our customers.”

MOL Chemical Tankers Pte. Ltd. press release