G2 Ocean, the joint venture of Gearbulk and Grieg Star, will start operating on May 1, seven months after the pair first announced plans to work together.
“We are confident in what we have built, and are eager to start. G2 Ocean is going to be a strong and customer oriented company,” said G2 Ocean CEO Rune Birkeland.
The new company will be present in 16 different countries on six continents with headquarters in Bergen, Norway. In total approximately 130 vessels will be operated by the pool. That includes open hatch, semi open and conventional bulk carriers.