MOL completes acquisition of majority stake in GearbulkMOL completes acquisition of majority stake in Gearbulk
The Japanese shipowner has obtained the required regulatory approvals to acquire a 72% stake in Gearbulk adding 60 vessels.

Mitsui OSK Lines (MOL) has completed the acquisition of 72% of the shares of its Swiss-based affiliate Gearbulk Holding and it will become a subsidiary of the MOL Group.
The Japanese shipping company has had a 34-year collaboration with Gearbulk, beginning with its equity investment in 1991. Through the acquisition of Gearbulk MOL will add 60 open hatch bulkers to its fleet.
With the consolidation, the MOL Group’s dry bulk carrier fleet will reach 338 vessels, which would rank it second globally behind Oldendorff carriers which operates a fleet of around 700 vessels.
MOL said it will use Gearbulk’s operations and global network to create a global sales network that adapts to the shifting supply chains and trade patterns of the global economy.
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