Loan for Acquisition of Dutch Company LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. by Mitsui O.S.K. Lines, Ltd.
Supporting Overseas M&A of Japanese Company

• Region: Europe
• Marine and Aerospace
• Overseas Investment Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on December 22 a loan agreement amounting to JPY135 billion (JBIC portion) with Mitsui O.S.K. Lines, Ltd. (MOL). The loan is co-financed with private financial institutions^*1, bringing the total co-financing amount to JPY250 billion.
     
2. This loan is intended to finance part of the funds necessary for MOL to acquire Dutch company LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. (LBC)^*2.
     
3. Tank terminal business is a part of port operations, which play an important role in economic activity. LBC, the acquired company, is a leading chemical tank terminal operator, with its core operations in Europe and the U.S. Gulf Coast, which are major hubs of the chemical industry. MOL, the acquiring company, operates one of the world's largest chemical tanker fleet and also engages in the international logistics service for chemical products using ISO tank containers, all within its group. Through the acquisition of LBC, MOL will gain onshore storage capabilities for chemical products in addition to its existing businesses of marine transportation via chemical tankers and small-volume marine and land transportation via tank containers. This enables the MOL Group to establish a system that covers the entire supply chain of chemical products and offer more flexible and higher value-added services to meet the diverse transportation needs of its customers. As a result, this acquisition will contribute toward the stabilization of its chemical logistics operations.
     
4. This loan, which financially support the overseas M&A by MOL, will contribute toward maintaining and strengthening the international competitiveness of the Japanese shipping industry. Furthermore, as transportation demand is expected to grow in areas such as next-generation energy and liquefied CO2 to realize a decarbonized society, the Japanese government highlights the importance of building supply chains in these fields in its Strategic Energy Plan. Through the acquisition of LBC, MOL is expanding its business domain into onshore storage and considering full-scale business development covering the entire value chain from transportation to storage for next-generation energy and liquefied CO2. Therefore, this loan is also expected to help achieve a decarbonized society.
     
5. As Japan's policy-based financial institution, JBIC will continue to actively provide financial support for the overseas business expansion of Japanese companies, including M&A, in collaboration with private financial institutions.
     

Note

1. *1 
   This loan is co-financed with private financial institutions including Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, MUFG Bank, Ltd., SMBC Trust Bank Ltd., The San-in Godo Bank, Ltd., The Kumamoto Bank，Ltd., The Yamagata Bank, Ltd., Aomori Michinoku Bank, Ltd., The Akita Bank, Ltd., The Bank of Iwate, Ltd., The Bank of Saga, The Towa Bank, Ltd., The Hyakugo Bank, Ltd., The Musashino Bank, Ltd., and The Bank of Nagasaki, Ltd.
2. *2 
   MOL completed the acquisition of LBC on June 30, 2025.