the-gearbulk-windfield

Grieg Star, Gearbulk Form G2 Ocean

Grieg Star and Gearbulk have named their new dry bulk initiative G2 Ocean, and said it is expected to be fully operational in the first half of 2017.

Gearbulk will own a 65 percent stake in the new company while Grieg Star will own the remaining 35 percent. Gearbulk will appoint three board members and Grieg Star will appoint two.

“G2 Ocean will combine the companies’ global resources and expertise to operate the parties’ combined fleet of open hatch, semi open hatch and conventional bulk vessels … The total number of vessels operated by G2 Ocean will be over 130,” a spokesperson for Gearbulk said.

G2 Ocean will be headquartered in Bergen, Norway, and will be led by Rune Birkeland as CEO. The firms expect the joint venture will offer “pioneering sustainable shipping solutions” and provide a “strong presence” on every continent.

Photo: Grieg Star and Gearbulk’s joint venture will be called G2 Ocean. Credit: Gearbulk

Latest News

  • READ MORE
    EPCs Reveal Reluctance
    August 23, 2017
    EPCs Reveal Reluctance Despite the hype, leaders of major engineering, procurement and construction firms seem hesitant to commit...
  • Shipping traffic outside the Port of Singapore
    READ MORE
    AEO Benefits Revealed for Breakbulk
    August 23, 2017
    AEO Benefits Revealed for Breakbulk By Thomas Timlen Authorized Economic Operator (AEO) – A party involved in the international...
  • A computer circuit board with a dollar as a central chip
    READ MORE
    Counting Cyber Costs
    August 23, 2017
    Counting Cyber Costs By Gerry Northwood As we continue to assess the fallout from the global cyber-attack that affected...
  • economic silver lining illustration
    READ MORE
    Silver Linings to Economic Misery
    August 23, 2017
    Silver Linings to Economic Misery Notwithstanding uncertainties surrounding U.S. economic policy, the outlook for international trade is not...