LBC Tank Terminals (LBC) has announced its acquisition by Mitsui O.S.K. Lines (MOL), with the transaction expected to close within three to four months pending regulatory approvals. LBC, a leading independent chemical storage company, operates seven terminals across the US and Europe with a total capacity of 3.3 million m³.
MOL, a global shipping giant, sees this acquisition as part of its strategy to expand in chemical logistics, following previous investments in Nordic Tankers and Fairfield Chemical Carriers. The deal will enhance MOL’s position in emerging energy sectors, including ammonia and CO₂ transportation, supporting the global energy transition. Despite the ownership change, LBC will continue operating independently, maintaining its focus on safety, sustainability, and operational efficiency.
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Source: Tank Storage Magazine
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