MOL Chemical Tankers Launches Nordic Tankers Merger

Singapore-based MOL Chemical Tankers has started a full integration process of MOL Nordic Tankers (MOLNT).

MOLCT acquired 100% of shares in Danish chemical tanker company Nordic Tankers, subsequently be renamed to MOL Nordic Tankers, from Triton in January 2019.

The full integration is “a natural step” towards further developing business, the company explained.

The process is expected to be completed within 2020.

Consequently, MOLNT has parted ways with its CEO, Per Sylvester Jensen, and CFO, Henriette Schütze. With immediate effect, Tsuneo Watanabe, CEO of MOLCT, takes on the position as CEO of MOLNT as well, while Annette Hasenberg enters into the position as Executive Vice President supported by a Management team of Commercial Senior Vice Presidents Howard Powers, Anders Hannested and Niels Mathiesen.

MOLNT’s four office locations in Copenhagen, Stamford, Houston and Bogotá will remain and once full integrated, the headquarters will be in Singapore.

“The MOLNT business and trade lanes are of high value and a very important part of our core business and ambitious plans to grow MOLCT into being one of the most attractive and leading chemical tanker companies worldwide,” Watanabe said.