Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 89
INTEGRATED REPORT 2024
KEY OUTCOMES
We saw an increase in on-hire days for the Open Hatch 昀氀eet in
2024 compared with previous year. Additionally, we successfully maintained access to attractive vessel 昀椀nancing while
limiting value erosion through competitive operational cost
level for the 昀氀eet.
Our investment in six new-buildings, scheduled for delivery
in 2027, represents a signi昀椀cant step towards realising our
company objectives. These new vessels will contribute to
our commitment to reducing future emissions and further
lowering operational costs.
MATERIALITY
Material Topic Addressed
E1
Climate
Change
Strategic Goal Addressed
Strategic Response
• Allocating resources to support net
• Advance our 昀氀eet renewal strategy
zero emissions
• Reducing negative impacts created
by our organisation
• Optimising our 昀椀nancial position by
maintaining desired equity ratio with
low daily cash break even
• Optimising cost structure to ensure
• Optimise value through competitive
sustainable growth
Operating Expenditure
G14
Market
• Optimising our 昀椀nancial position by
maintaining desired equity ratio with
low daily cash break even
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