MOL Chemical Tankers and Fairfield-Maxwell Ltd. have come to an agreement in principle by which MOL would acquire 100% of the shares of Fairfield Chemical Carriers, making MOL the sole owner. The transaction, valued at around USD 400-million. The acquisition includes Fairfield Chemical Carriers subsidiaries: Fairfield Japan Ltd., Fairfield Chemical Carriers BV in the Netherlands; Fairfield Chemical Carriers South Africa; and Fairfield Chemical Carriers Pte. in Singapore, along with 36 all-stainless steel chemical tankers. Subject to customary closing conditions, the transaction is expected to close by 4Q23.