Pacific Basin Shipping Limited

The resources and relationships we rely on	How we create or protect value	Desired Outcome
Our Fleet 	Investing in Our FleetHigh-quality ShipsScale & InterchangeabilityIn-house Technical Ops	Optimal ship design and efficiencyIncreased economies of scale and vessel utilisationOptimal scheduling and flexibility for our customersEnhanced technical and service reliability for customersEnhanced health, safety, quality and cost control
Our People, Culture & Global Office Network	Investing in Our PeopleSafety, Wellbeing & EngagementTeam ProductivityBeing LocalBeing Global	Safeguarding quality, effectiveness and availability of staff onshore and at seaMeaningful customer partnerships and collaborationAccess to market intelligence and cargoOptimal trading and positioning of our fleet
Stakeholder Relationships & Partnerships	Deepening Our RelationshipsStakeholder Engagement & Collaboration	Understanding, trust and support between Pacific Basin and our staff, customers, tonnage providers, suppliers, investors, financiers, communities and other stakeholders
Natural Resources	Safeguarding the Environment	Minimise consumption of natural resources Minimise impact on the environment
Technology, Data & Intellectual Capital	Effective Business Model & Systems	Sector-leading service delivery Maximising vessel earningsMinimising costs without impacting safetyStrong brand reputation
Financial Capital	Evolving Management & Governance PracticesMaximising Efficiencies & Controlling CostsConsidered Treasury Activity	Sound financial management Enhanced corporate & financial profile
Our Purpose To safely and sustainably deliver by sea the dry bulk commodities that are essential to society Our Vision To be the leading ship owner/operator in dry bulk shipping, and the first choice partner for customers and other stakeholders

The resources and relationships we rely on

How we create
or protect value

Desired
Outcome

The value
we create

Investing in Our FleetHigh-quality ShipsScale & InterchangeabilityIn-house Technical Ops

Optimal ship design and efficiencyIncreased economies of scale and vessel utilisationOptimal scheduling and flexibility for our customersEnhanced technical and service reliability for customersEnhanced health, safety, quality and cost control

Our People, Culture & Global Office Network

Investing in Our PeopleSafety, Wellbeing & EngagementTeam ProductivityBeing LocalBeing Global

Safeguarding quality, effectiveness and availability of staff onshore and at seaMeaningful customer partnerships and collaborationAccess to market intelligence and cargoOptimal trading and positioning of our fleet

Stakeholder Relationships & Partnerships

Deepening Our RelationshipsStakeholder Engagement & Collaboration

Understanding, trust and support between Pacific Basin and our staff, customers, tonnage providers, suppliers, investors, financiers, communities and other stakeholders

Natural Resources

Safeguarding the Environment

Minimise consumption of natural resources Minimise impact on the environment

Technology, Data & Intellectual Capital

Effective Business Model & Systems

Sector-leading service delivery Maximising vessel earningsMinimising costs without impacting safetyStrong brand reputation

Financial Capital

Evolving Management & Governance PracticesMaximising Efficiencies & Controlling CostsConsidered Treasury Activity

Sound financial management Enhanced corporate & financial profile

Our Purpose

To safely and sustainably deliver by sea the dry bulk commodities that are essential to society

Our Vision

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

OUR CAPITALS – THE RESOURCES AND RELATIONSHIPS WE RELY ON

PHYSICAL CAPITAL
Our Fleet – ≈286 Ships*

Vessels in operation

Owned

Chartered¹

Total

Handysize

Owned64

Chartered72

Total136

Supramax / Ultramax²

Owned50

Chartered99

Total149

Capesize

Owned1

Chartered-

Total1

Total

Owned115

Chartered171

Total286

* As at 30 June 2024
¹ Average number of short-term and index-linked vessels operated in June 2024
² Supramax vessels in excess of 60,000 dwt are generally referred to as Ultramaxes

HUMAN CAPITAL

Optimal combination of people, competencies, capabilities, experience

4,500+ Seafarers

392 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 460 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 4,500+ staff feel safe, supported and engaged, benefitting 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

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

OUR CAPITALS – THE RESOURCES AND RELATIONSHIPS WE RELY ON

The value we create

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