Reports / February 01 2009

Annual Report 2008

Annual Report

In June 2008 Masterbulk and Grieg agreed to end their long-term cooperation and split the activities in Star Shipping. Grieg is now continuing the success story which started in 1961 as Grieg Star Shipping. The demerger was completed by year end.

“This marks the beginning of a new and exiting era. Our strong balance sheet and willingness to take action and initiate activities form an excellent base for future expansion. We look forward to developing the company further, by uniting Grieg Star Shipping and the Grieg Shipping Group’s know-how and expertise,“ say Elisabeth and Camilla Grieg.

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