As a global leader in shipping, MOL brings valuable industry knowledge and financial resources that will support G2 Ocean’s and Gearbulk’s continued success.
Kristian Jebsen, Chairman and CEO of Gearbulk, commented on the deal in a joint press release from Gearbulk and MOL:
“I am pleased that MOL has committed to continue to invest in and develop Gearbulk as its main owner. They know the business well as shareholders for more than thirty years and acknowledge Gearbulk’s strong market position and concepts.”
Toshinobu Shinoda, Senior Executive Officer at MOL expressed his gratitude and appreciation for the partnership with Jebsen and Gearbulk.
“We have had an excellent collaboration with Kristian Jebsen for many years, and we are pleased and grateful that his experience and expertise will continue to be available for Gearbulk and G2 Ocean,” he said, adding:
“We know that Mr. Jebsen has been committed to ensuring a long-term and strong ownership in Gearbulk, and we will do our utmost to further develop the company’s strong international position.”
Gearbulk is an integrated international shipping company providing high quality shipping and terminal services for various industrial sectors.
Gearbulk is one of the owners of G2 Ocean, holding 65% of the company’s shares, while Grieg Maritime Group holds the remaining 35%.
The majority of the Gearbulk fleet operates under G2 Ocean.
Learn more: www.gearbulk.com
Mitsui O.S.K. Lines (MOL) is a Japanese transport company with headquarters in Tokyo, Japan. The company was established in 1964 by the merger of Mitsui Lines and O.S.K. Lines and has roots back to 1878.
MOL is one of the largest shipping companies in the world with a fleet of over 870 vessels. The company provides marine transportation and logistic services and operates a fleet of container ships, car carriers, crude and chemical tankers, gas carriers, bulkers and various types of other vessels.
MOL is listed on the Tokyo Stock Exchange.
Learn more: www.mol.co.jp
