Amalgamation of Tokyo Marine Asia Pte Ltd and Milestone Chemical Tankers Pte. Ltd., and Change of the Company Name
December 13, 2016
With effect from 1st January 2017, Tokyo Marine Asia Pte Ltd, Singapore (TMA) will absorb the business of its subsidiary company Milestone Chemical Tankers Pte. Ltd., Singapore (Milestone), assuming all Milestone’s rights and obligations. On the same date TMA will change its registered name to “MOL Chemical Tankers Pte. Ltd.”
Mr. Tsuneo Watanabe (Managing Director of TMA) will assume the position of CEO and Mr. Yoshinori Shimizu (CEO of Milestone) will assume the position of COO, with Mr Shimizu managing all commercial and operations of the company. Other roles within the company will remain unchanged.
With MOLCT, having assumed all the rights and obligations of Milestone, it will continue to ensure uninterrupted service to all of TMA/Milestone’s valued customers and business partners.
In addition, MOLCT’s subsidiary companies will change their names to incorporate the name MOL as follows.
|Office Location||Company Name||Date of the change|
|Tokyo||Current||Tokyo Marine Co., Ltd.||1st January, 2017|
|New||MOL Chemical Tankers Japan Co., Ltd.|
|Dubai||Current||Milestone Chemical Tankers Middle East DMCC||To be decided later|
|New||MOL Chemical Tankers Middle East DMCC|
|London||Current||Milestone Chemical Tankers Europe Limited||3rd January, 2017|
|New||MOL Chemical Tankers Europe Limited|
|Houston||Current||Milestone Chemical Tankers America, Inc.||To be decided later|
|New||MOL Chemical Tankers America, Inc.|
The ultimate objective of MOLCT is to grow into an integrated logistics company which will not only consist of the marine transport of chemicals and vegetable oils by stainless chemical tankers as at present, but also by incorporating tank terminals, ISO tank containers and marine transport by MR chemical tankers in the future.
MOLCT will continue to act as an independent entity from MOL.
For further information, please contact with;
< Tokyo Marine Asia Pte Ltd >
Email Address: email@example.com
Tel (Main Line): +65-6349-5800