Marubeni Corporation is set to invest in Gearbulk Holding AG, the leading open hatch shipping operator, aiming to enhance its maritime operations and explore new business opportunities.

Target Information

Marubeni Corporation (referred to as 'Marubeni') has announced an investment agreement with Gearbulk Holding AG (referred to as 'Gearbulk'), recognized as the world's leading open hatch shipping operator, headquartered in Switzerland. This investment will proceed once specific conditions are met, subsequently designating Gearbulk as an equity-method affiliate of Marubeni.

Founded in 1968, Gearbulk has established itself as a prominent player in the operation of open-hatch vessels. The company specializes in the transportation of semi-finished products such as pulp and steel. Gearbulk has developed a strong global reputation among shippers, leveraging its expertise to offer high value-added transportation services, which include the simultaneous transport of both large and small cargoes. As of January 20, 2025, Gearbulk became a consolidated subsidiary of Mitsui O.S.K. Lines, Ltd. (referred to as 'MOL').

Industry Overview

The shipping industry in Switzerland, particularly in the segment of specialized vessel operations, has seen significant growth due to an increase in international trade and the rising demand for effic