Gearbulk signs contract for up to Four 82,300 DWT Open Hatch Vessels for delivery in 2027
CH-Pfäffikon – Gearbulk has signed a contract for delivery of up to four ammonia/ methanol-ready, 82,300 dwt Open Hatch newbuildings. The contract is firm for two vessels, with an option to purchase a further two.
The company has secured financing for the vessels, and CSSC Huangpu Wenchong Longxue shipyard will deliver the first two vessels in the first half of 2027. These orders represent the first step of the company’s newbuilding programme, and form part of an ambitious fleet development and renewal plan to meet our customers’ needs and future emission targets.
“This contract for four newbuildings marks a significant milestone for Gearbulk as these vessels are set to be the largest and most efficient in the company’s history,” says Kristian Jebsen, CEO, Gearbulk Holding AG.
“With this investment, we are not only enhancing our operational efficiency but also reaffirming our dedication to meeting the evolving needs of global trade. It’s a proud moment for Gearbulk, and we look forward to the positive impact these vessels will bring to our customers.”
Pulpmax
The ammonia / methanol ready, open hatch ships will have eight holds /hatches and four 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 has been incorporated into the design for the future installation of fuel tanks for alternative fuels. With a length overall of 225 meters and beam of 36 meters, this new vessel design has been designated as a ‘Pulpmax’.
The newbuildings will not only strengthen Gearbulk’s business, but also serve as a catalyst for the growth and success of G2 Ocean by providing enhanced cargo handling capabilities and greater flexibility in their service offering. Furthermore, these newbuildings signify Gearbulk’s commitment to environmental sustainability as they are equipped with technologies aimed at reducing emissions and minimising environmental impact.
The four new ships will be commercially operated by G2 Ocean and will trade alongside newbuilding sister vessels recently ordered by Gearbulk’s joint venture partner, Grieg Maritime Group. The strategic alignment of the newbuildings’ design not only fosters synergy between the respective fleets but also promotes collaboration and ultimately strengthens G2 Ocean’s position in the market. The ships’ design makes the vessels very well suited in the G2 Ocean long-haul pulp core trades, while simultaneously strengthening G2 Ocean’s overall capacity and enhanced ability to provide a best-in-class service offering to its customers.
About Gearbulk
Gearbulk is a world-leading player in the open hatch bulk shipping segment, controlling a combined fleet of about 65 open hatch and other specialised vessels. The fleet is commercially operated by G2 Ocean, where Gearbulk is the majority owner.