The joint venture of Gearbulk and Grieg Star will be named G2 Ocean, with a vision and mission to be “pioneering sustainable shipping solutions”.
The new dry bulk shipping company was first announced in a joint statement on October 19.
The name retains the ‘G’ from the two owners.
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. G2 Ocean will be jointly controlled by Gearbulk and Grieg Star, with Gearbulk owning 65% and Grieg Star owning 35%.
The total number of vessels operated by G2 Ocean will be over 130.
“The worldwide offices will provide a strong presence on every continent and ensure the G2 Ocean is best placed to serve the customer’s needs locally and globally,” the new entity said in a recent release.