Reports / January 01 2019

Annual Report 2018

Financial Statements

In May 2017, Grieg Star and Gearbulk established their joint venture G2 Ocean; a customer oriented, worldwide dry bulk shipping company.

G2 Ocean combines the two’s global commercial expertise, operating their combined fleet of more than 130 vessels, in one open hatch and one dry bulk pool. The open hatch pool’s worldwide trading pattern is built around long-term cargo contracts with pulp and paper producers as well as transport of steel and project cargoes for e.g. energy and infrastructure developers. The operation’s success criteria is the ability to establish optimal sailing patterns, combining various types of cargoes coupled with efficient port operations.

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