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MOL Chemical Tankers Expands Logistics Reach

Credit: MOL Chemical Tankers
Credit: MOL Chemical Tankers

By The Maritime Executive 2019-02-14 17:58:19

MOL Chemical Tankers in Singapore has announced a strategic alliance with Den Hartogh Logistics in the Netherlands.

The alliance will jointly develop and streamline liquid chemical logistics services using tank containers, parcel chemical tankers and a tank terminal being built in Antwerp, Belgium.

The alliance is ratified by MOL Chemical Tankers acquiring 20 percent of the issued shares of Den Hartogh Logistics’ holding company from the current sole shareholder Den Hartogh Beheer B.V. 

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

In September 2018, MOL Chemical Tankers formed a joint venture company to construct and operate the chemical tank terminal in Antwerp - the hub of the world’s biggest chemical cluster - as part of its plans to steadily develop towards becoming a chemical multimodal logistics service company.

SEA-MOL NV is securing 20.8 hectares of concession land located at the Delwaidedok in Antwerp from Antwerp Bulk Terminal, a sister company of SEA-Tank and also part of the SEA-invest Group. SEA-MOL NV will also enter into a concession agreement directly with the Port of Antwerp for a further 24.4 hectares of land adjacent to the aforementioned concession terrain.

The move is a response to the increasing requirements for chemical storage and added value activities in this sector in the ARA range in general and in Antwerp in particular. The terminal will offer services such as blending, drum filling, filtration and ISO-tank storage. Through a phased investment SEA-MOL NV will construct up to 500,000 cubic meters of storage tanks for liquid chemicals, including organic, inorganic and base oils. The first phase of the project is expected to be operational by mid 2021.