Gearbulk Integrated Report 2023 - Report - Page 65
INTEGRATED REPORT 2023
STRATEGIC OVERVIEW
G2 OCEAN
FRONT RUNNER IN
OPEN HATCH SEGMENT
G2 OCEAN
G2 Ocean, established in 2017, is one of the world’s
largest shipping companies within the Open Hatch
segment. G2 Ocean is jointly controlled by Gearbulk and Grieg Star, with a 65% / 35% ownership
structure, respectively.
• Operates a core 昀氀eet of 90 Open
Hatch vessels
G2 Ocean does not independently own vessels, but operates vessels owned or
• Operates a chartered 昀氀eet of
approximately 26 vessels
chartered by Gearbulk and Grieg Star, as well as vessels from third parties on short
term time charters. G2 Ocean draws upon the global resources and expertise of
Gearbulk and Grieg Star to operate the joint 昀氀eet of open hatch and semi-open hatch.
• Carries 24.9 million tons of cargo
annually
G2 Ocean is a company registered in Norway, with Headquarters in Bergen, Norway,
and Hub O昀케ces in Atlanta, GA and Singapore.
At year-end 2023, G2 Ocean had 328 people at 15 locations around the world, of
which 63 were employed in Norway.
Read more about G2 Ocean here: g2ocean.com
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