Merger of Fairfield Chemical Carriers into MOL Chemical Tankers
MOL Chemical Tankers Pte. Ltd. has announced that the merger of Fairfield Chemical Carriers Pte. Ltd. into MOLCT is set to take effect on or around April 1, 2025, pending shareholders’ approval.
The merger follows MOLCT’s full acquisition of FCCSP on March 1, 2024, after which FCCSP continued operating as a wholly owned subsidiary under the name Fairfield Chemical Carriers.
Merger Details & Operational Impact
As part of the integration, all assets and contracts of FCCSP will be transferred to MOLCT, with MOLCT assuming full responsibility for their fulfillment and ongoing operations. The newly combined business will operate under the unified brand name MOL Chemical Tankers.
MOLCT aims to leverage the merger to enhance operational efficiency, expand its service network, and deliver greater flexibility to stakeholders.
Akira Sasa, CEO of MOLCT, emphasised the strategic significance of the merger, stating:
“This merger marks a significant milestone, enhancing MOLCT’s service network while maintaining the exceptional quality our customers rely on. Integrating our fleets will not only provide operational flexibility but also drive unprecedented efficiency in our services.”
Company Name Changes
Effective April 1, 2025, several subsidiaries will be rebranded to reflect the unified MOL Chemical Tankers identity:
| Current Company Name | New Company Name | Location |
|---|---|---|
| Fairfield Chemical Carriers Pte. Ltd. | MOL Chemical Tankers Pte. Ltd. | Singapore |
| Fairfield Chemical Carriers LLC | MOL Chemical Tankers North America LLC | Wilton |
| Fairfield Chemical Carriers B.V. | MOL Chemical Tankers Europe B.V. | Rotterdam |
| Fairfield Japan Ltd.* | MOL Chemical Tankers Japan Co., Ltd. | Tokyo |
| Fairfield Chemical Carriers South Africa (Pty) Ltd.** | MOL Chemical Tankers South Africa (Pty) Ltd. | Durban |
* Fairfield Japan Ltd. will transfer its employees and assets to MOL Chemical Tankers Japan Co., Ltd. and is expected to be dissolved thereafter.
** MOL Chemical Tankers South Africa Ltd. will be a joint venture, with MOL Chemical Tankers Pte. Ltd. (49 percent) and Thembani Shipping (Pty) Ltd. (51 percent).
A Seamless Transition & Future Growth
MOLCT and FCCSP have been working to ensure a smooth transition for employees, customers, and stakeholders.
Sasa further highlighted the company’s commitment, stating:
“As a united global team, we are fully committed to delivering exceptional value and strengthening partnerships with all stakeholders. We appreciate the continued support and collaboration as we move forward.”
The merger reinforces MOLCT’s position as a global leader in chemical tanker shipping, ensuring seamless service integration and expanded capabilities for its customers worldwide.
For more information visit www.molchemtankers.com
