Gearbulk

Our History

In 1968, Norway's Kristian Gerhard Jebsen established Gearbulk with three partners: S.A. Louis Dreyfus & Cie of France, its British subsidiary, Buries Markes Ltd and A/S J. Mowinckels Rederi, also of Norway. It has now evolved into the world’s largest fleet of open hatch gantry crane and semi-open jib crane vessels and still works to the same high standards, setting the benchmark for worldwide ocean transportation services, especially for unitised cargoes, that are competitive, innovative and add value for the customer..

Key Dates 

1968 Gearbulk established
1969

Delivery of first two of Gearbulk’s 1st Generation new buildings, Alain LD and Robert LD from Chantiers de l'Atlantique shipyard.

1974

Delivery of first of 12 2nd Generation OHGC, Kiwi Arrow from Mitsui Shipbuilding & Engineering Co. Ltd, Osaka.

1977

The first of nine floating cement processing terminals comes into operation. By 1982 they were handling 8.5 million tonnes per year, mainly in the Middle East.

Delivery of first of 16 3rd Generation OHGC, Falcon Arrow from Mitsui Shipbuilding & Engineering Co. Ltd, Chiba.

 1984

Delivery of first 4th Generation OHGC, Heina, from Sanoyasu, Mizushima.

 1987

After 10 years in operation and having processed 45 million tonnes, declining demand for cement prompts Gearbulk to diversify its floating terminal operations to fertiliser, grain, rice and metal concentrates.

 1991

The company is incorporated in Bermuda as Gearbulk Holding Ltd. The Kristian Gerhard Jebsen family acquires its partners' vessels and shares. Mitsui O.S.K. Lines takes a 25% share of the restructured Gearbulk, and then increases its share to 40%.

Delivery of first of three TEFC, Grouse Arrow, from Mitsui Shipbuilding & Engineering Co. Ltd, Tamano.

 1992

Gearbulk diversifies into shore terminals. The first of several terminals is established in a joint venture in Sinor Terminal, Port of Tianjin.

 1994

Gearbulk enters the liquid pitch business with Alouette Arrow on the North West Europe to St. Lawrence trade.

 1995 

Gearbulk receives its first certification to the IS0 9002 quality standard.

 1996

Delivery of first of five Fleximax, Pine Arrow, from Stocznia Gdansk Shipyard.

 1997

Delivery of first of nine 5th Generation OHGC, Toucan Arrow from Dalian New Shipyard.

 1998

Rhone is the first Gearbulk vessel to have retrofit hold tanks fitted to carry frozen concentrated orange juice.

 2009

Mitsui O.S.K. Lines increases its shareholding from 40% to 49%.

Delivery of first of four 6th Generation OHGC, Corella Arrow from Oshima Shipbuilding Co. Ltd.

 2010

Delivery of first of eight Fleximax II, Kiwi Arrow from Oshima Shipbuilding Co. Ltd.

The Jebsen family restructures ownership of its business interests and Kristian Jebsen takes control of the family shares in Gearbulk.

 2011

Gearbulk Norway AS established to assume technical management of the Gearbulk owned fleet. Gearbulk receives its first certification to the ISO 14001 environmental standard.

 2012

Gearbulk office established in Manila. Delivery of the first of four Fleximax III, Raven Arrow from Mitsui Shipbuilding & Engineering Co. Ltd, Chiba.

 2013

 Delivery of the first of four Fleximax III, Japin Arrow from Oshima Shipbuilding Co. Ltd.

 2014

Fleet gain ISO14001 environmental certification. Delivery of ten ships in total; three Fleximax III (Macaw Arrow, Tanchou Arrow and Sisken Arrow), one Flex II ECO (Lawin Arrow), three OSY56 (Matsu Arrow, Buna Arrow and Biwa Arrow), two NACKS60 (Acer Arrow and Betula Arrow) and one conventional bulk carrier (Bulk Aquila).

 2015

Delivery of eight ships in total; three Fleximax III (Macaw Arrow, Tanchou Arrow and Siskin Arrow), one Flex II ECO (Lawin Arrow), three OSY56 (Matsu Arrow, Buna Arrow and Biwa Arrow), two NACKS60 (Acer Arrow and Betula Arrow) and one conventional bulk carrier (Bulk Aquila). Tragic loss of Bulk Jupiter.

 2016

Delivery of 3 ships in total for the conventional fleet; Bulk Aires, Bulk Carina & Bulk Hero. Gearbulk signs a Memorandum of Understanding with Grieg Star with the intention to form a Joint Venture to run both their fleets commercially and operationally.

2017

G2 Ocean joint venture between Gearbulk and Grieg Star goes live on May 1 2017. The new company’s headquarters are in Bergen, Norway and is present in 16 different countries on six continents. In total approximately 130 vessels are operated by the pool, including open hatch, semi open and conventional bulk carriers.

Delivery of two ships for the conventional bulk fleet: Bulk Venus and Bulk Polaris.

The first G2 Ocean vessels at Sea

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