MOL Chemical Tankers, Den Hartogh Form Chemical Logistics Alliance
Singapore-based MOL Chemical Tankers (MOLCT) and Dutch Den Hartogh Logistics have established a strategic alliance to jointly develop and streamline liquid chemical logistics services by using tank containers, parcel chemical tankers and a tank terminal.
As strategic partners, the duo aims to offer global supply chain solutions which combine the tanker fleet and depots of MOLCT with the tank container fleet of Den Hartogh Logistics.
Existing services of tank containers by Den Hartogh Logistics and parcel tankers by MOLCT will continue and both companies will further develop a mutual global customer network and strengthen its competitiveness as service providers of global liquid chemical logistics, the two companies said in a statement.
The strategic alliance is ratified by MOL Chemical Tankers acquiring 20% of the issued shares of Den Hartogh Logistics’ holding company from the current sole shareholder Den Hartogh Beheer B.V.
“We are truly delighted about this alliance and innovation in chemical logistics. This strategic partnership will combine expertise, assets and entrepreneurship to offer supply chain and end-to-end logistic solutions for our customers,” Pieter Den Hartogh, Group Managing Director of Den Hartogh Logistics, commented.
“We are really pleased and excited about this capital and business alliance with Den Hartogh Logistics. Den Hartogh Logistics and MOLCT shall commit to all customers that both companies continue and improve the current service provided,” Tsuneo Watanabe, CEO & Managing Director of MOLCT, said.
Den Hartogh Logistics is a logistics company operating 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 with a global fleet size of more than 80 parcel chemical tankers, including those operated by the newly acquired MOL Nordic Tankers A/S. MOLCT has formed a joint venture company aiming to construct and operate a chemical tank terminal in Antwerp, Belgium, and steadily develop towards a chemical multimodal logistics service company.