How we create value

We attach great importance to cultivating the relationships and resources that we need to propel us towards our vision and to create better outcomes for our customers, our people, our shareholders, society and the environment

The resources and relationships we rely on How we create
or protect value
Desired
Outcome
The value
we create
Our Vision

To be a leading ship owner/operator in dry bulk shipping, and the first choice partner for customers and other stakeholders

Our Mission

To be the best in our field by continuously refining our business model, our service and our conduct in everything we do

OUR CAPITALS – THE RESOURCES AND RELATIONSHIPS WE RELY ON

PHYSICAL CAPITAL
Our Fleet – ≈243 Ships*
Vessels in operation
Handysize
Owned72
Chartered38
Total110
Supramax / Ultramax3
Owned43
Chartered89
Total132
Capesize
Owned1
Chartered-
Total1
Total
Owned116
Chartered127
Total243
* As at 31 January 2023
1 Including 1 Supramax vessel expected to be delivered within February 2023
2 Average number of short-term and index-linked vessels operated in January 2023
3 Supramax vessels in excess of 60,000 dwt are generally referred to as Ultramaxes
HUMAN CAPITAL
  • Optimal combination of people, competencies, capabilities, experience
3,900+ Seafarers
373 Staff Ashore
Our Global Office Network

positioning us close to our customers

14 Offices
11 Chartering / Commercial Offices
SOCIAL CAPITAL AND RELATIONSHIP CAPITAL

Responsible relationships within and between our communities, stakeholder groups and other networks

  • Partner-customers
  • Suppliers
  • Regulators and policy makers
  • Local communities
  • Investors
  • Finance providers
NATURAL CAPITAL
  • The environmental resources (such as air, water, minerals and energy) that enable us to conduct our business
INTELLECTUAL CAPITAL
  • Accumulation of knowledge and development of systems, processes and procedures, through experience and a culture of education and continuous improvement
FINANCIAL CAPITAL

The pool of funds that is:

  • Generated through operations and obtained through debt, convertible bonds and equity
  • Managed as cash, lending facilities and other resources controlled by the Group

The value we create

Serving our customers

We provide over 500 customers with a high-quality, personalised, flexible and reliable freight service under spot and long-term cargo contracts, making it easy to do business with us so that they can focus on growing their business

Serving our people

Our 5,000+ staff feel supported, safe and engaged, benefiting from fulfilling, decent work and fair wages

Serving society

We deliver efficiently and responsibly the food, animal feed, construction materials, energy and other raw materials that are essential to society and the global economy

Serving the environment

We have significantly reduced the intensity of our emissions and other outputs over the past 15 years, and are on a path to decarbonising our operations and further minimising our overall environmental impacts

Serving our shareholders

We continue to nurture the financial health of our Group, mitigate risks and leverage our business model to deliver attractive long-term returns over the shipping cycle

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