Mitsui-backed MOL Chemical Tankers completed the acquisition of Fairfield Chemical Carriers from Fairfield-Maxwell for $400m.

Mitsui-backed MOL Chemical Tankers, a company specialising in ocean transport of liquefied chemicals and oil, completed the acquisition of Fairfield Chemical Carriers, a chemical tanker shipping business, from Fairfield-Maxwell, a consulting company that provides financial strategies to enhance business growth for organizations, for $400m. “Now, MOL Chemical Tankers and Fairfield Chemical Carriers are one company. This is the beginning of a new era in our great company. Our aim is to become an excellent operator in every aspect. By combining the companies, MOL Chemical Tankers will now have a broader, stronger fleet and service network for customers," Akira Sasa, MOLCT CEO.