LBC Tank Terminals is pleased to announce that Mitsui O.S.K. Lines, Ltd. (MOL) has officially become the 100% shareholder of LBC, following the successful completion of the acquisition on June 30, 2025. This follows our announcement in March 2025 and marks the beginning of a new chapter for LBC—one that accelerates our growth journey and expands strategic horizons as part of MOL’s broader ambition to strengthen its position in chemical logistics and next-generation energy supply chains.

This next phase positions LBC to grow with greater scale and ambition, aligned with MOL Group’s BLUE ACTION 2035 management plan, which identifies chemical logistics as a key pillar of long-term value creation. By combining MOL’s global marine transport network with LBC’s terminal infrastructure and extensive expertise in liquid bulk storage and handling, the group strengthens its capacity to deliver reliable, relevant, and sustainable solutions across the full value chain. Leveraging these complementary strengths opens opportunities to expand into adjacent markets, explore new service areas, and support the evolving needs of the energy and chemical sectors through meaningful collaboration and innovation.

MOL President & CEO Takeshi Hashimoto stated, “We are excited to welcome, one of the world’s largest tank terminal operators, LBC to the MOL Group. Together with LBC, we will accelerate our business reforms into a social infrastructure service provider to achieve our long-term Group Vision. We see great potential for both companies’ growth by combining MOL’s global reach with LBC’s expertise in tank terminal operations and creating new value for customers and society. Together with LBC, we will expand the value-chain of the next-generation energy business, in addition to strengthening the chemical logistics business”.

Frank Erkelens, LBC’s Group Executive Officer, added, “We look forward to beginning this new chapter as part of the MOL Group and unlocking the full potential of our combined strengths. Guided by shared values, complementary expertise, and long-standing commitment to excellence, we see great opportunities to make a meaningful impact, expand our global presence, and support the evolving needs of next-generation energy and chemical industries. Together, we are uniquely positioned to deliver on our ambitions for growth, innovation, and a sustainable future”.

While LBC will continue to operate as an independent company, we will work closely with MOL to identify impactful opportunities to expand into new service areas and product segments. The coming period will be one of mutual learning and close collaboration, as we build the foundations for long-term success within the MOL Group, and strengthen LBC’s position as the trusted, connected partner delivering meaningful and sustainable storage solutions to customers worldwide.

About LBC

As a leading international and independent liquid bulk storage company, we form an integral part of our customers’ supply chains. We provide essential infrastructure and innovative services in the process of transporting products from areas of supply to areas of demand. In our position as connected partner in current and future logistic networks, we are a relevant player in the energy transition. We enable efficiency gains in our customers’ businesses and support their growth ambitions, paving the way towards a carbon-neutral society.

About Mitsui O.S.K Lines

Mitsui O.S.K. Lines, Ltd. (MOL), as a multi-modal transport group, meets the needs of the era in a wide variety of fields including dry bulkers, crude oil tankers, LNG carriers and offshore business, methanol carrier, chemical tankers, product tankers, car carriers, ferries, RORO ships, and logistics. MOL’s activities are truly borderless, based on the operation of one of the world’s largest merchant fleets, backed by expertise and technology developed throughout our over 130-year history. MOL supports the growth of the world economy with the entire globe as our stage, while continually evolving into an excellent and resilient corporate group.