Joint Venture Highlights

G2 Ocean

G2 Ocean was established as a joint venture company between Gearbulk and Grieg Star on 1st of May 2017, whereby G2 Ocean assumed operational and commercial control of the Gearbulk core fleet, its time charter fleet and the Grieg Star core fleet.

High Heat Tankers

High Heat Tankers PTE LTD (HHT) was established in July 2018 and is a joint venture between Gearbulk Holding AG (50%) and Puma Energy Supply and Trading PTE LTD (50%), providing access to the largest pool of modern IMO II high heat tankers in the world.


UnITy was established on 17th January 2019 as the common IT business partner for G2 Ocean, Gearbulk and Grieg Star. The department was created to maintain, evolve and shape the companies’ digital infrastructure for the future.

Performance Highlights


Port State Control average deficiencies per inspection


Rightship Rating

7 948

Training days for seafarers

4,5 of 5

Score for ISO 14001:2015 renewal in 2019


Training days for shore staff


Navigational incidents

"Closing the Loop: The Customer in Focus" Seminar

In October 2019, Gearbulk hosted a seminar in Bergen called Closing the Loop: The customer in Focus. The two-day program was centered on how Gearbulk should focus on our customers, understand their needs and future priorities and how we as an organisation need to change and adapt to deliver what is required in the current shipping environment.

Senior Officer's Seminar

In November 2019, Gearbulk hosted a two day Senior Officer’s seminar in Manila . This provided an opportunity for participants to exchange operational and technical experiences as well as receive feedback on other work-related topics such as safety, leaderships, regulatory requirements and cargo care.