Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 62
GEARBULK
STRATEGIC OVERVIEW
A VISION FOR
GROWTH
We are committed to embedding Environmental, Social, and
Governance (ESG) principles at the heart of our business strategy.
Our journey is one of continuous growth, aligning our operations
with responsible business practices while actively addressing environmental and societal challenges. To navigate this path, we have
developed a comprehensive strategic roadmap that re昀氀ects our
core values and underscores our ambitions for the future.
This strategic roadmap is a testament to Gearbulk’s dedication to
sustainable growth and long-term value creation. Rooted in our core
values, it guides every aspect of our operations and decision-making,
ensuring that our actions align with our vision. Through careful
re昀椀nement, we have identi昀椀ed key areas of strategic importance
that will propel us toward achieving our goals.
2017 - 2023
2024
RESETTING OUR
BUSINESS MODEL
PREPARING FOR
THE FUTURE
• Establishment of G2O Joint Venture with Grieg Star
• Develop a 昀氀eet renewal plan to meet overall goals of our
• Conclusion of various key re昀椀nancing arrangements
Joint Venture
• Record pro昀椀t after years of losses
• Ensure world class 昀氀eet management services for our 昀氀eet
• Reset of our strategic roadmap
• Reorganise our business to attract strong investment
• Inclusion of ESG into overall strategy
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PART 3 – OUR STRATEGIC RESPONSE
