{"id":34560,"date":"2023-09-12T11:44:32","date_gmt":"2023-09-12T08:44:32","guid":{"rendered":"https:\/\/www.al-sindbad.net\/mol-to-spend-400m-buying-fairfield-chemical-carriers\/34560\/"},"modified":"2023-09-12T11:44:32","modified_gmt":"2023-09-12T08:44:32","slug":"mol-to-spend-400m-buying-fairfield-chemical-carriers","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/mol-to-spend-400m-buying-fairfield-chemical-carriers\/34560\/","title":{"rendered":"MOL to spend $400m buying Fairfield Chemical Carriers"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Japan\u2019s Mitsui OSK Lines (MOL) is spending $400m in an all-cash transaction to acquire the 36-strong fleet of New York-headquartered Fairfield Chemical Carriers (FCC), a subsidiary of Fairfield-Maxwell Ltd.\u00a0<\/p>\n<p>MOL, Japan\u2019s largest shipowner by dwt, said today it sees the chemical tanker business as a sector with strong growth prospects with plans to proactively invest in this field. Subsidiary MOL Chemical Tankers already has an 85-strong fleet, which will now hit triple figures when the FCC transaction is completed.\u00a0<\/p>\n<p>Fairfield Chemical Carriers was established in 1996. Its fleet today has an average age of just 4.69 years and totals 791,166 dwt.\u00a0<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>Revenues in the global chemical tanker market were projected to expand at around 5% in terms of compound annual growth rate between 2023 and 2035 in a report published last month by New York-based Research Nester.<\/p>\n<p>The market is expected to garner a revenue of $45bn by the end of 2035, up from a revenue of $31bn in the year 2022, according to Nester. The growth of the market is attributed to the increasing demand for vegetable oils.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/japan\/\" rel=\"tag\">Japan<\/a> <a href=\"https:\/\/splash247.com\/tag\/united-states\/\" rel=\"tag\">United States<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s Mitsui OSK Lines (MOL) is spending $400m in an all-cash transaction to acquire the 36-strong fleet of New York-headquartered Fairfield Chemical Carriers (FCC), a subsidiary of Fairfield-Maxwell Ltd.\u00a0 MOL, Japan\u2019s largest shipowner by dwt, said today it sees the chemical tanker business as a sector with strong growth prospects with plans to proactively invest &hellip;<\/p>\n","protected":false},"author":1,"featured_media":34561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-34560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=34560"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/34561"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=34560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=34560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=34560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}