Singapore-based MOL Chemical Tankers (MOLCT) has agreed to purchase all the shares of Denmark’s Nordic Tankers (NT) from its sole shareholder Triton.

NT is a chemical tanker company involved in the transportation of specialised liquid products for chemical producers and oil majors.

The new agreement includes all the rights attached to the share purchase deal, which is scheduled to close next month.

Following completion of the deal, NT will be renamed MOL Nordic Tankers (MOLNT). Current management and employees of the company will continue to work with NT.

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The deal is expected to see the establishment of one of the world’s major owners/operators of stainless-steel chemical tankers and offer improved competitive options for customers.

Nordic Tankers CEO Per Sylvester Jensen said: “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.”

“The new owner will enhance Nordic Tankers ability even further in delivering exceptional value to our customers.”

NT currently operates a fleet of 18 tankers that include stainless-steel, as well as marineline and epoxy-coated vessels.

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The company primarily serves the Trans-Atlantic and Latin America trades.

MOL Chemical Tankers CEO Tsuneo Watanabe said: “We are confident enough that the collaboration between MOLCT and NT should provide better and more efficient services to all existing customers.”

“It should also create extra values to our customers, shipowners and any other stakeholders, as well as management and employees of both companies.”

MOLCT currently operates 56 stainless-steel deep-sea chemical tankers with 19,000t to 37,000t of deadweight capacity.