MOL Signs long-term Loan Agreement to finance for LBC Tank Terminals Share Acquisition

Toward Stable Growth in the Chemical Logistics Business

Tokyo - December 23, 2025

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that it has signed loan agreement with the Japan Bank for International Cooperation (JBIC, Governor: Nobumitsu Hayashi, Headquarters: Chiyoda-ku, Tokyo) and a syndicate of lenders, with Sumitomo Mitsui Banking Corporation acting as arranger (SMBC, President & CEO: Akihiro Fukutome, Headquarters: Chiyoda-ku, Tokyo). MOL has now signed a long-term loan agreement to secure finance for the acquisition of LBC Tank Terminals Group Holding Netherlands Cooperatief U.A. (LBC, Group CEO : Frank Erkelens, Headquarters: Rotterdam), which was completed in June 2025. (Note 1)

This financing - which ensures stable, long-term funds to acquire LBC shares - was made possible through the alignment of JBIC's philosophy of supporting Japanese companies' overseas business expansion and SMBC's efforts to build a global network. Looking ahead, the MOL Group will continue to optimize its financial strategy, with the group management plan BLUE ACTION 2035, at its core, while considering market trends and other factors.


The Chemical Tanker FALCON GALAXY, operated by MOL Chemical Tankers, berthed at LBC's tank terminal.   Image by Mitsui O.S.K. Lines, Ltd.



MOL Group has positioned chemical logistics business as a strategic business domain where it expects growth in the future. The acquisition of LBC will enable the MOL group to strengthen its chemical logistics service by incorporating tank storage business into its portfolio, alongside maritime transportation. This business expansion will allow MOL group to respond quickly to the diverse needs of customers, as well as to grow as a pillar of its stable revenue businesses, as stated in the portfolio strategy of the BLUE ACTION 2035 management plan, since tank terminals are considered to be a low market volatility business.

(Note 1) For related press releases, please refer to the following.
March 10, 2025: Acquisition of LBC Tank Terminals
July 1, 2025: MOL Completes the Acquisition of LBC Tank Terminals

(Note 2) Syndicated loan is a financing method in which multiple financial institutions form a syndicate and jointly provide financing under a single loan agreement with uniform terms.

Mitsui O.S.K. Lines, Ltd. press release