Financial report 2019

Improved market conditions and reduced costs in the Group’s main business segment, contributed to a stronger result in 2019.In total, Grieg Star’s result before tax in 2019 was minus USD 7.3m, up from USD 8.6m in 2018.

Our responsibility

Grieg Star is committed to the principles in the UN Global Compact and seeks to continuously improve our performance in joint effort with others in the industry.

Our origin

Grieg Star started in 1961 – but our history goes back to 1884. We are proud to say we are part of more than 130 years of Grieg-history.

Grieg Star is a ship owning and operating company within the open hatch and dry bulk segments. We are a part of the Grieg Group, with a history back to 1884. Together with Gearbulk we own the largest open hatch shipping company in the world, G2 Ocean. We own or operate between 35 and 40 vessels at any given time, with approximately 750 employees in total. A part of Grieg Star is Grieg Green, one of the few companies providing sustainable ship and rig recycling in the world.

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Grieg Star Group AS
P.O.Box 781 Sentrum
N0-5807 Bergen


Bergen: Grieg-Gaarden, C. Sundtsgate 17
Oslo: Bryggegata 6, 4th floor


Matt Duke, CEO

Phone / e-mail

Tel Bergen: +47 55 57 69 50
Tel. Oslo: +47 23 27 41 00