https://splash247.com/mol-takes-over-gearbulk-from-kristian-jebsen/

Mitsui OSK Lines (MOL), Japan’s largest shipowner, is poised to take over Gearbulk from Kristian Jebsen in a significant acquisition expected to conclude by January next year.MOL first invested in Gearbulk, the world's largest open-hatch operator, in 1991 by acquiring a 40% stake in the company, which was established in 1968. Over the years, MOL increased its shareholding to 49%, while Jebsen retained the 51% majority stake. Today, MOL announced its plans to further expand its investment, with the company set to hold a 72% stake in Gearbulk by early 2025.

Gearbulk boasts a fleet of 60 vessels, along with several ships currently on order in China. The financial details of this takeover have not been disclosed.This acquisition is part of MOL’s broader strategy of investing in Norwegian maritime assets. In recent years, MOL has acquired stakes in several Norwegian companies, including Odfjell Oceanwind, Larvik Shipping, and AKOFS Offshore. This trend underscores MOL’s commitment to expanding its global footprint and diversifying its portfolio within the maritime industry. MOL's move to increase its stake in Gearbulk reflects the company’s confidence in the growth potential of the open-hatch sector and its strategic importance in the global shipping market.