Throughout the year, G2 Ocean navigated a volatile market environment driven by ongoing security threats in the Red Sea, geopolitical tensions, and shifting trade policies, all of which impacted customer demand, vessel routes, and freight rates.
Despite these challenges, the company maintained its commitment to service improvement, seeking new opportunities that enabled G2 Ocean to further enhance its offerings, expand into new areas, increase efficiency, and create more value – resulting in strong financial and operational performance.
“Over the years, we have developed an organisation that is highly adaptive, responding effectively to changing circumstances by identifying practical solutions and applying them with rigour. This resilience has proven to be a critical asset, enabling us to navigate a complex global environment with agility,” said Chief Executive Officer, Arthur English.
Highlighted below are some of G2 Ocean’s achievements from 2025.
Performance insight
Operational performance
Financial performance
While revenue decreased due to lower activity across global markets, increased freight rates and lower voyage-related costs contributed to an improved bottom line:
Progress in Sustainability
Sustainability remained central to G2 Ocean’s priorities in 2025. Key achievements include:
Looking forward, CEO Arthur English underscores G2 Ocean’s core strengths in driving the company’s future success.
“Flexibility, a high-performing culture, continuous improvement, and strategic partnerships will remain central as we work toward building an even stronger G2 Ocean.”
G2 Ocean is a global ship operator within the open hatch segment and an expert in cargo handling, trade management and global port operations. Founded as a joint venture (pool company) in 2017 by the ship-owning companies Gearbulk and Grieg Maritime Group, G2 Ocean is committed to providing customers worldwide with safe, reliable, efficient, and flexible shipping services tailored to their needs.
As a pool company, G2 Ocean is responsible for the commercial management of the 90+ vessels delivered to the company’s fleet by its pool participants, Gearbulk and Grieg Maritime Group. The commercial management responsibilities of G2 Ocean include customer relationship management, trade management, port operations, cargo handling, business support, and business development.
The pool participants, Gearbulk and Grieg Maritime Group, receive a pool distribution from G2 Ocean dependent on the company’s financial performance and earnings for the provision of vessels. For more details, please refer to the chapter ‘Financial Statements’ of G2 Ocean's annual reports.
G2 Ocean is headquartered in Bergen, Norway. To support its customers worldwide with their logistics requirements, G2 Ocean has two hubs in Singapore and Atlanta, as well as 12 representative offices around the world.
