G2 Ocean is expanding its fleet with up to four 82,300 dwt ammonia/methanol-ready open hatch vessels, which will be delivered by Gearbulk in the first half of 2027.

G2 Ocean

Source: G2 Ocean

Measuring 225 m long, the vessel design has been designated as Puplmax. They will feature four electro-hydraulic jib cranes, two with a lifting capacity of 75 tonnes and two with a capacity of 120 tonnes.

The dual-fuel engines will be able to operate both on fuel oil and ammonia/methanol. Dedicated deck space on either side of the accommodation has been incorporated into the vessel design for future installation of fuel tanks for alternative fuels.

The contract signed by Gearbulk, shareholder and pool partner of G2 Ocean, with the shipyard CSSC Huangpu Wenchong Longxue is firm for two vessels, with an option to purchase two more. The first two vessels will be delivered to the G2 Ocean pool in the first half of 2027.

“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,” said Kristian Jebsen, ceo of Gearbulk Holding. “With this investment, we are not only enhancing our operational efficiency but also reaffirming our dedication to meeting the evolving needs of global trade.”

In addition to these new vessels, G2 Ocean previously announced that its other shareholder and pool partner Grieg Maritime Group will add four ammonia-ready vessels to its fleet in 2026. This will bring the total number of dual-fuel 82,300 dwt open hatch vessels in the G2 pool to eight.

“We are excited to further strengthen our fleet with these next-generation vessels,” said Arthur English, ceo at G2 Ocean. “This expansion increases our carrying capacity and demonstrates our dedication to further grow our company while providing best-in-class services to our worldwide customers.

 “Collaboration with our shareholders, Gearbulk and Grieg Maritime Group, on design alignment, reflects our shared commitment to growth as well as meeting the requirements of our customers.”

G2 Ocean currently operates approximately 120 vessels.