Gearbulk Integrated Report 2023 - Report - Page 18
GEARBULK
OUR VALUE PROPOSITION
VALUE CREATION
ROADMAP
INPUTS
Value created
Value sustained
Value eroded
BUSINESS ACTIVITIES
• $ 491 million Equity
• $ 883 million Interest bearing debt
• Functional and well maintained property, plant
and equipment: 2023 book value of $ 976 million
• 15 vessels with total acquisition cost of 120.4 MUSD
in 2023
• 17.5 MUSD invested in periodic maintenance for
vessels in 2023
• Diverse workforce consisting of 1818 sea and 131
shore
• 3 annual health and safety campaigns and initiatives
• 3811 training days across the workforce (sea and
shore)
• Performance management process
SHIPOWNING
• Annual employee engagement survey
• Multinational organisation serving our Joint
Venture 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.
FLEET MANAGEMENT
• 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 $ 2million
• Enhanced compliance initiatives within the
organisation
• Energy consumption: 14.55M GJ
• Fuel consumption: 352,802 MT
• Ballast water treatment systems on Gearbulk
managed vessels
• Operational e昀昀orts to reduce carbon entensity of
Gearbulk Managed vessels
18
PART 1 – WHO WE ARE
SPECIALISED SHIPPING ACTIVITIES
