Four ammonia-ready vessels ordered by G2 Ocean

Four ammonia-ready vessels ordered by G2 Ocean

Photo: G2 Ocean

As it moves forward with its fleet decarbonisation strategy, G2 Ocean, will add a total of four new vessels to its fleet. The order for four ammonia-ready 82,300 deadweight tons (dwt) Open Hatch vessels has been placed by G2 Ocean shareholder, Grieg Maritime Group, at CSSC Huangpu Wenchong Longxue. The order involves building two ammonia-ready vessels, with an option for a further two.

The vessels will join G2 Ocean’s pool in 2026, providing customers with more sustainable transportation options.

Further, the m/v Cove Pearl, a 55,889 dwt Semi Open vessel built at Oshima Shipbuilding in 2014 is purchased by G2 Ocean’s shareholder Gearbulk and has entered the G2 Ocean pool on June 1, 2023 under the name Maple Arrow.

These deliveries mark the next step of G2 Ocean’s fleet development programme which will enable the company to continue to grow the business while reducing its greenhouse gas emissions.

Additionally, Gearbulk has exercised the option to purchase nine previously leased vessels. These vessels will remain in the G2 Ocean pool and be transferred to Gearbulk in-house technical ship management over 2023.

“We look forward to welcoming the vessels to our fleet. They will be a valuable addition to G2 Ocean and will contribute to strengthening our service offerings,” says Arthur English, Chief Executive Officer of G2 Ocean.

“The investment made by Grieg represents a bold step forward in their commitment to G2 Ocean, our customers, and the environment. Thanks to the support of our shareholders the “core” fleet will continue to provide high-quality shipping services to our customers, while also contributing to a more sustainable future,” he adds.

Net zero by 2050

G2 Ocean is committed to reducing its greenhouse gas emissions per transported unit by a minimum of 40 per cent by 2030 compared to 2008 levels and has set the ambition of becoming a net-zero emissions company by 2050.

The vessel deliveries are an important step forward in achieving the company’s goals of reducing its carbon footprint and providing customers with more sustainable shipping solutions.

“At G2 Ocean, we acknowledge, due to the nature of our business, that we have an important role to play in lowering emissions. The new vessels will help us to reduce our environmental impact in the areas in which we operate and is a step in the direction for us to achieve our ultimate emissions goal of net zero,” English says.

G2 Ocean, together with its shareholders, the Grieg Maritime Group and Gearbulk, continues to work on further fleet renewal initiatives to meet future capacity requirements across our trading areas.


Author: Adnan Bajic

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Four ammonia-ready vessels ordered by G2 Ocean | Project Cargo Journal