Mitsui O.S.K. Lines (MOL) has signed a long-term loan agreement to finance its acquisition of LBC Tank Terminals, strengthening its chemical logistics business.
The financing was arranged with the Japan Bank for International Cooperation (JBIC) and a syndicate of lenders. Sumitomo Mitsui Banking Corporation (SMBC) acted as the arranger. The loan provides stable, long-term funding for MOL’s purchase of LBC shares, which was completed in June 2025.
MOL said the agreement reflects JBIC’s mandate to support the overseas expansion of Japanese companies, alongside SMBC’s global financing capabilities.
The company plans to continue optimizing its financial strategy under its BLUE ACTION 2035 management plan, while closely monitoring market conditions.
Chemical logistics is positioned as a core growth area for the MOL Group. By acquiring LBC, MOL adds tank terminal operations to its portfolio, complementing its maritime transportation services.
The expansion is expected to enhance service flexibility and allow faster responses to customer needs. Tank terminals are also seen as a low-volatility business, supporting MOL’s goal of building stable and sustainable revenue streams under its long-term strategy.