The breakbulk carrier G2 Ocean is getting more newbuildings with dual-fuel propulsion designed for ammonia or methanol.
In 2027, these 82,300-tonne vessels will further increase G2’s Ocean’s capacity, according to a communication[ds_preview].
G2 Ocean, which describes itself as “the world’s largest shipping operator in the open-hatch segment”, will receive the newbuildings from its shareholder Gearbulk, which is ordering the vessels. Gearbulk set up G2 Ocean as a joint venture with shipping company Grieg Star and last placed orders in the fall of 2023.
The order book has now been expanded. Arthur English, Chief Executive Officer at G2 Ocean, said: “This expansion increases our transportation capacity and demonstrates our commitment to further grow our business.”
G2 Ocean takes over “Pulpmax” vessels
The contract signed by Gearbulk with the shipyard CSSC Huangpu Wenchong Longxue comprises two vessels with an option to purchase two more. The first two vessels are scheduled to be delivered to the G2 Ocean Pool in the first half of 2027.
Kristian Jebsen, CEO of Gearbulk Holding AG, called the contract “a significant milestone for Gearbulk” as these vessels will be the largest and most efficient in the company’s history.
G2 Ocean currently operates around 120 vessels. With a deadweight capacity of 82,300 dwt, dual-fuel engines, a crane capacity of up to 120 tons and tweendecks, these 225 m long and 36 m wide vessels are said to be “the largest, most environmentally friendly and technologically advanced in the G2 Ocean fleet” and well suited for the company’s long-haul pulp trades. Hence the project name “Pulpmax”.
A special deck area is planned on both sides of the bridge superstructures for the future installation of fuel tanks for alternative fuels.
