G2 Ocean Fleet Expands with Two Additional Dual-Fuel Vessels

Aug. 26, 2024 - G2 Ocean, the world’s largest shipping operator in the Open Hatch segment, announced the further expansion of its fleet with two 82,300 deadweight ton (dwt) ammonia/methanol-ready Open Hatch vessels.

These new vessels, will be provided by Gearbulk, one of G2 Ocean’s valued shareholders and pool partners.

These units will be sister vessels to the previously ordered Pulpmax vessels ordered earlier this year, and will be built in the same shipyard. The vessels will be delivered in October 2028 and January 2029.

In addition to these new vessels, G2 Ocean previously announced that Grieg Maritime Group, shareholder and pool partner, will be providing four ammonia-ready vessels to its fleet in 2026 and Gearbulk will be providing four ammonia-ready vessels in the first half of 2027. This will bring the total number of dual-fuel 82,300 dwt Open Hatch vessels to ten.

The design of these vessels strengthens our service offering and will help us to meet evolving customer requirements. We very much appreciate the support of Gearbulk and Grieg Maritime Group on these newbuilds, says Arthur English, CEO of G2 Ocean.

With the ten Pulpmax vessels ordered we can take important steps on our decarbonisation journey, on our target of becoming net-zero by 2050,” English said.

Pulpmax Specs:

• 8 holds / hatches
• 4 electro-hydraulic jib cranes with safe working load (SWL) lifting capacity of 2x 75 metric tonnes and 2x 120 metric tonnes
• Dedicated deck space on either side of the accommodation for the future installation of fuel tanks for alternative fuels
• LOA of 225 meters and beam of 36 meters

G2 Ocean is a joint venture of two of the world’s largest open hatch shipowning companies Gearbulk and Grieg Maritime Group. Since the company was launched in 2017, G2 Ocean has become one of the world’s largest ship operators within the open hatch segment.

SOURCE: G2 Ocean