PRESS, REPORTS & PUBLICATIONS

Further to the recent announcement, the parties have reached an agreement in principle pursuant to a non-binding letter of intent, and the parties have commenced the process of the detailed documentation of the final agreements to close the transaction as soon as possible.

Today it was announced that Kristian Jebsen and his family will sell their remaining 28% stake in Gearbulk Holding AG to Marubeni Corporation of Japan. The transaction is expected to be concluded soon.

Gearbulk has signed contracts for delivery of two additional ammonia/methanol conversion ready 82,300 dwt Open Hatch newbuildings.

As a forward-thinking organisation committed to ethical business practices, we are pleased to announce the that our 2023 Annual Transparency Act Report has now been published, highlighting our adherence to Norwegian laws and commitment to transparency, accountability, and human rights within our operations and supply chain.

Today, Gearbulk Holding AG (Gearbulk) announced that Mitsui O.S.K. Lines (MOL), which currently holds 49% of the shares in Gearbulk, will acquire an additional 23% stake in the company and become the majority shareholder with 72%. Kristian Jebsen and his family will retain a 28% shareholding in Gearbulk.

Gearbulk is proud to release its 2023 Annual Reporting suite, marking an important milestone in the Company’s ongoing commitment to transparency, sustainability, and corporate responsibility. These reports encapsulate our dedication to operating ethically, minimising our environmental footprint, and maximising our positive impact on society.