Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 21
INTEGRATED REPORT 2024
Financial Capital
Manufactured Capital
Human Capital
Social and Relationship Capital
Intellectual Capital
Natural Capital
OUTCOMES
VALUE OUTCOMES
56
VESSELS OWNED
AND OPERATED
458
VOYAGES THROUGH OWNED
AND CHARTERED VESSELS
Approximately
14M
EBITDA: $ 89.0 million
Operating cash 昀氀ow: $10.1 million
Debt: $ 0.8 billion
Equity ratio: 36%
Enhancement of assets with Capex
expenditure of $73 million
Operational e昀케ciency increased
Decrease in o昀昀-hire days
Zero fatalities
LTIF 0.77; target 0
8 promotions (shore)
RT CARGO
SHIPPED IN OUR OPEN HATCH BUSINESS
THROUGH OUR JOINT VENTURE G2O
Employee turnover of 6.26%
Joint health and safety, cyber security and
ABC seminar
Approximately
0.6M
MT CARGO
SHIPPED IN OUR NON-OPEN HATCH BUSINESS
THROUGH OUR JOINT VENTURE HHT
2
ADDITIONAL NEWBUILDS
ON ORDER
3
VESSELS ON LONG TERM
TIME CHARTER CONTRACT
Increased digital solutions supporting
e昀케ciency and safety thtrough completion
of 23 projects
Compliance enhanced within the
organisation
No signi昀椀cant Cyber attacks
No material environmental incidents
Increase in CO2 emissions, negatively
impacting the environment
Waste levels remained stable
Compliance with laws relating to ballast
No material impacts on ocean eco
systems
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