SHIPPING giant Mitsui O.S.K. Lines Ltd. (MOL) announced on Tuesday that its wholly owned group company, MOL Chemical Tankers Pte. Ltd. (MOLCT), has reached an agreement in principle to acquire the business of Fairfield Chemical Carriers (FCC).

This was jointly announced by Takeshi Hashimoto, MOL president and chief executive officer; Akira Sasa, MOLCT CEO; and Fairfield CEO Anthony Dowd.

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