Mitsui O.S.K. Lines Secures Major Financing for Strategic Acquisition
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL) has officially signed a long-term loan agreement with the Japan Bank for International Cooperation (JBIC) and a syndicate of lenders, including Sumitomo Mitsui Banking Corporation (SMBC), to finance its recent acquisition of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. The deal, valued at ¥135 billion, aims to bolster MOL’s presence in the chemical logistics sector and was finalized on December 22, 2025. This acquisition marks a significant expansion for MOL, which completed the purchase of LBC in June 2025.
The financing arrangement aligns with JBIC’s mission to support Japanese businesses in their overseas endeavors, while SMBC aims to enhance its global network. As MOL continues to adapt to market trends, the financing allows for stable and long-term funding, ensuring that the integration of LBC’s tank storage operations into MOL’s portfolio proceeds smoothly.
Details of the Loan Agreements
The loan agreement with JBIC, signed on December 22, 2025, provides MOL with ¥135 billion to facilitate the acquisition. The syndicate arrangement, formalized just a day later, involves various financial institutions, with SMBC acting as the lead arranger. The syndicated loan totals ¥115 billion and includes a diverse group of lenders such as MUFG Bank, Sumitomo Mitsui Trust Bank, and others, all collaborating under a unified financing agreement.
MOL’s strategic focus on chemical logistics is underscored by its BLUE ACTION 2035 management plan, which aims to position the company for future growth. By integrating LBC’s tank storage capabilities, MOL plans to enhance its chemical logistics services and provide greater value to its customers. As tank terminals typically exhibit low market volatility, this acquisition is expected to fortify MOL’s revenue streams and ensure resilience in its business operations.
Strategic Growth and Future Outlook
The MOL Group views the chemical logistics business as a critical growth area. The acquisition of LBC aligns with its goal of expanding service offerings and responding effectively to diverse customer needs. This strategic move will not only enhance MOL’s maritime transportation capabilities but will also establish a more robust foundation for stable revenues in the long term.
Moreover, MOL is committed to addressing sustainability challenges through its strategic initiatives. The Group identifies key sustainability issues as part of its vision to contribute positively to society, with a focus on safe transportation and environmental conservation. By enhancing its chemical logistics operations, MOL aims to provide added value while ensuring responsible management of marine and global environments.
In summary, the recent financing agreement and acquisition position Mitsui O.S.K. Lines for continued growth and stability in the competitive maritime sector, paving the way for enhanced service delivery and sustainability initiatives.
