Japan’s Marubeni Corporation will purchase a 28 percent stake in Gearbulk Holding.
Gearbulk founder Kristian Jebsen and his family agreed to sell their remaining share. According to the company, the sale will further strengthen Gearbulk’s investment capacity and reinforce its commitment to G2 Ocean, a joint venture between Gearbulk and the Grieg Maritime Group, which operates more than 120 ships.
“I am pleased that Marubeni has decided to invest in and support the development of Gearbulk. This, together with MOL’s 72 percent holding, gives a strong continuity of the company for all stakeholders. Marubeni has had a close business relationship with Gearbulk for more than 30 years and the investment is a natural next step,” said Jebsen.
The company’s operations will remain the same and relations with customers and other stakeholders will continue as before. Jebsen will continue as Gearbulk’s chairman and ceo and as chairman of G2 Ocean.
Arthur English, G2 Ocean ceo, looks forward to welcoming Marubeni as a partner in supporting G2 Oceans growth. He said: “We are looking forward to welcoming Marubeni as an important partner, as we continue to renew our fleet and expand our services. G2 Ocean and our owners are committed to provide safe, reliable and sustainable solutions to all of our clients.”
