Japan's Mitsui O.S.K. to buy Dutch tank terminal operator for $1.7bn

Shipping company aims to boost global marine chemical transport business

20250310N Mitsui OSK

Mitsui O.S.K. Lines seeks to bolster its business of shipping chemical products. (Photo by Mitsui O.S.K.)

KEIICHI FURUKAWA

TOKYO -- Mitsui O.S.K. Lines will buy all shares of LBC Tank Terminals, a Dutch operator of chemical tank facilities, for $1.72 billion, the Japanese shipper said on Monday, its largest acquisition to date.

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