Marubeni invests equity in Gearbulk Holding AG
Published by Alfred Hamer,
Editorial Assistant
Dry Bulk,
Marubeni Corp. has reached an agreement to invest in Gearbulk Holding AG the world’s largest open hatch shipping operator, headquartered in Switzerland. The investment will be executed upon the fulfilment of certain preconditions. Following this Investment, Gearbulk will become an equity-method affiliate of Marubeni.
Since its foundation in 1968, Gearbulk has specialised in the operation of open-hatch vessels. With a focus on the transportation of semi-finished products such as pulp and steel, Gearbulk has earned a strong reputation among shippers worldwide by leveraging its advanced expertise to provide high value-added transportation services, including the simultaneous carriage of both small and large cargoes. As of 20 January 2025, Gearbulk has become a consolidated subsidiary company of Mitsui O.S.K. Lines, Ltd. (MOL).
Marubeni, through its Singapore-based subsidiary MMSL Pte Ltd, has been engaging in the vessel ownership business for many years and has built a strong partnership with Gearbulk through over 20 years of chartering and leasing transactions. By providing Gearbulk with Marubeni’s vessel ownership capabilities and global network, Marubeni aims to contribute to the sustainable enhancement of Gearbulk’s corporate value.
Through this Investment, Marubeni will further strengthen and expand its vessel ownership and operation functions. In collaboration with Gearbulk and MOL, Marubeni will also pioneer new business domains in open hatch vessel operations, aiming to maximise revenue opportunities and drive further growth in its shipping business.
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Read the article online at: https://www.drybulkmagazine.com/shipping/02062025/equity-invests-in-gearbulk-holding-ag/
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