Gearbulk Integrated Report 2023 - Report - Page 61
INTEGRATED REPORT 2023
In our ongoing Integrated Reporting journey, we’re committed to transparently demonstrating our performance against strategic goals to stakeholders.
Gearbulk maintains its dedication to raising reporting standards as we
continue advancing the strategy and reporting objectives initiated in 2022
ENHANCING OUR HEALTH
AND SAFETY CULTURE
IMPROVING DECISION MAKING
PROCESSES USING DATA DRIVEN
SOLUTIONS
OPTIMISING OUR COST STRUCTURE
TO ENSURE SUSTAINABLE GROWTH
• Collaboration with JVs on Health and
• Innovate our business with digitali-
• Maintain competitive OPEX cost base
safety awareness programs
sation and a digitalisation roadmap
• Vessels Safety Days and shore Safety
with benchmarking and strategic cost
savings
Week
• Introduction of Safety Risk Management Principles
• Increase of LTIF due to substantial
increase in number of vessels and
• 14 projects completed contribute to
the value
• Forecasted Net Pro昀椀t USD 72mil
• OPEX/d
• Cash Break even
crew
• Equity Ratio
• Increased Company dedication to
• Improved technologic al tools
reduce injuries and enhance Safety
suppor ting decision-making
performance.
processes
• Our cost structure has been maintained, contributing to pro昀椀tability
• Gearbulk’s commitment to improved
• Digitalisation Roadmap has been
safety performance is firm and
established and projects are ongoing
• Macro-Economic Indicators have had
an impact on major cost elements
existing e昀昀orts will continue as we
to further support the desired
• 2023 has yielded a pro昀椀t, although
strive to meet our Zero LTIF target.
outcome
lower than 2022
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