has built a strong name as a specialist Handysize bulk carrier owner and has evolved into an industrial provider of freight services directly to producers and end-users of raw materials and commodities.
Our performance track record and market share in our minor bulks focus area have earned us a strong reputation which, supported by our strong balance sheet:
a) sets us apart as a preferred counterparty for cargo customers and tonnage providers, affording us access to long-term business opportunities; and
b) allows us to engage closely with other excellent partners and stakeholders, including shipyards, suppliers, banks, investors and some of the best talent in our industry.
A glossary covering many of the terms in this document is available on our website
To be a shipping industry leader and the partner of choice for customers, staff, shareholders and other stakeholders
To achieve our vision by continuously improving our standards of service and conduct
The market for Handysize bulk carriers is highly fragmented and lacking in large ship operators able to fulfil the need of major industrial customers for a reliable, flexible and competitive dry bulk shipping service that affords them fully predictable long-term freight cover. Only very few players in the Handysize segment can promise to provide the right kind of ship in the right place at the right time up to several years in the future. We may already be the world's largest owner and operator of Handysize ships, but we still have a long way to go before we achieve our current vision for Pacific Basin.
To achieve sustainable growth through optimisation of our fleet and through a continuous drive for efficiency, responsibility and professionalism in the way we run our business
Key Strategic Objectives for 2013
- Continue to invest in Handysize and Handymax ships at attractive prices thereby growing further our fleet of highquality, owned vessels
- Expand our dry bulk customer and cargo portfolio in tandem with our core fleet expansion
- Enhance the customer experience by implementing more decentralised operational support
- Grow our towage businesses
- Consider opportunities for divestment of our remaining non-core activities
