Gearbulk Chairman: This is why we are joining forces with Grieg

The new joint venture between Grieg Star and Gearbulk provides an opportunity to improve the situation for dry bulk carriers even in a horrible bulk market. A large fleet is an advantage in the market, Kristian Jebsen, CEO and Chairman of Gearbulk, tells ShippingWatch.

Photo: PR-foto/Grieg Star

The new partnership between Gearbulk and Grieg Star aimed at operating a dry bulk fleet of more than 130 vessels represents an attempt to defeat the bulk crisis, CEO and Chairman of Gearbulk, Kristian Jebsen, explains to ShippingWatch about the motivation for the two very storied carriers, which both stem from Norwegian shipping families, recently announcing the new partnership.

"Difficult times for the shipping industry and poor financial results makes one look for ways to improve the situation. Focus on costs is essential, but one also needs to look at structural changes, cooperation with others, etc.," he says and explains that the scenario has not only changed for carriers but for customers as well:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs