G2 Ocean, the world’s largest shipping operator in the Open Hatch segment, announced this week that its Gearbulk Holding AG shareholder has entered into an agreement with shipyard CSSC Huangpu Wenchong Longxue for two new 82,300 deadweight ton (dwt) ammonia/methanol-ready vessels, with an option to purchase two more.
The first two vessels will be delivered in 2027 and will contribute to the company’s pledge of becoming net zero by 2050. G2 Ocean currently operates approximately 120 vessels and earlier added two ammonia-ready 82,300 dwt Open Hatch vessels to its fleet in September 2023.
“This contract for four newbuildings marks a significant milestone for Gearbulk as these vessels are set to be the largest and most efficient in the company’s history,” said Kristian Jebsen, CEO of Gearbulk Holding AG. “With this investment, we are not only enhancing our operational efficiency but also reaffirming our dedication to meeting the evolving needs of global trade.”
G2 Ocean is a joint venture between Gearbulk and Grieg Star Group AS, and is headquartered in Bergen, Norway, with regional hubs located in Rio de Janeiro and Singapore.