Mitsui O.S.K. Lines, Ltd. (MOL) has signed a long-term loan agreement to finance its acquisition of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. (LBC) completed in June 2025, securing ¥135 billion from the Japan Bank for International Cooperation (JBIC) and ¥115 billion via a syndicated loan arranged by Sumitomo Mitsui Banking Corporation (SMBC), according to the company’s statement.
The JBIC facility was contracted on December 22, 2025, and the syndicated loan on December 23, 2025. ¥135 billion and ¥115 billion are roughly $857 million and $732 million respectively) at current market levels.
The syndicated loan group includes SMBC, Sumitomo Mitsui Trust Bank, MUFG Bank, SMBC Trust Bank, The San-in Godo Bank, The Kumamoto Bank, The Yamagata Bank, Aomori Michinoku Bank, The Akita Bank, The Bank of Iwate, The Bank of Saga, The Towa Bank, The Hyakugo Bank, The Musashino Bank and The Bank of Nagasaki among others.
The financing will support MOL’s strategic expansion of its chemical logistics business by integrating tank storage into its services, aligned with its BLUE ACTION 2035 management plan.
The company said tank terminals are viewed as a business with low market volatility and will help meet diverse customer needs.
Mitsui O.S.K. Lines, Ltd. is a Japanese corporate entity engaged in international shipping and logistics services. Its operations span maritime transportation of diverse cargoes, including bulk commodities, energy products and specialized freight, and logistics solutions.
