Mitsui O.S.K. Lines (MOL) has announced that it will be reorganising its equity-method affiliate company Gearbulk Holding AG into a consolidated subsidiary company by ‘around January 2025’.
MOL has been an investor in Gearbulk for more than 30 years and currently holds a 49% stake, with Kristian Jebsen (the company’s President) holding 51%. Under the reorganisation, MOL will look to raise its stake to 72%.
Gearbulk is the world’s leading player in the open-hatch vessel segment, controlling a...