Advertisement

Norwegians bulk shipping companies form 130-ship fleet

Norwegian bulk shipping companies Gearbulk and Grieg Star are forming a new joint venture to be based in Bergen that will operate a fleet of more than 130 ships valued at $800 million.

The new entity will be 65 per cent owned by Gearbulk and 35 per cent owned by Grieg Star, with the two companies retaining their independent technical ship management and ownership of vessels, including two new ultramax bulk carriers being built for Grieg Star by China’s Dayang Shipbuilding.

The yet-to-be-named joint venture is expected to become fully operational within the first half of this year, subject to corporate authorisations and relevant regulatory approvals.

Ships Montly - January 2024

More heavylift consolidation among companies

Heavylift companies Jumbo Shipping of Holland, SAL Heavy Lift of Germany and Intermarine of the USA have formed the JSI Alliance to market their...
Advertisement

Related articles

More heavylift consolidation among companies

Heavylift companies Jumbo Shipping of Holland, SAL Heavy Lift of Germany and Intermarine of the USA have formed...

The oldest active icebreaker

The Finnish icebreaker Voima (Strength) is celebrating its 70th birthday this year as the oldest ship of its...

Viking announces float out of newest Egypt ship

On 14 May 2024 Viking announced its newest ship for the Nile River, the 82-guest Viking Sobek, was...

Wärtsilä secures China’s largest-ever methanol newbuild order

Technology group Wärtsilä will supply the methanol-fuelled auxiliary engines for five new container vessels for COSCO Shipping Lines...