Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 20
GEARBULK
OUR VALUE PROPOSITION
VALUE CREATION
ROADMAP
INPUTS
Value created
Value sustained
Value eroded
BUSINESS ACTIVITIES
• $ 470 million Equity
• $ 639 million Interest bearing debt
• Functional and well maintained property, plant
and equipment: 2024 book value of $ 993 million
• 6 new builds on order with total acquisition cost of
$ 47 million
• $ 16 million invested in periodic maintenance for
vessels
• Diverse workforce consisting of 2100 sea and 127
shore employees
• 2 annual health and safety campaigns and initiatives
• 2,732 training days across the workforce (sea and
shore)
• Performance management process
SHIPOWNING
• Annual employee engagement survey
• Multinational organisation serving our Joint
Venture’s customers in more than 60 countries
• Continuous collaboration with our Joint Ventures
and Joint Venture Partners
• Membership in the following associations
NORMA, MACN, BIMCO, IMO and GRI.
• Extensive knowledge of vessel operations backed
by highly experienced and skilled teams
• Skills and knowledge sharing through joint venture
operations
• Enhanced digitalisation framework with spend of
more than $ 1 million
• Enhanced compliance initiatives within the
organisation
• Energy consumption: 14.35M GJ
• Fuel consumption: 352,617.45 MT
• Operational e昀昀orts to reduce carbon intensity of
Gearbulk Managed vessels
20
PART 1 – WHO WE ARE
FLEET MANAGEMENT
SPECIALISED SHIPPING ACTIVITIES
