Our Resources in Action

We attach great importance to cultivating resources and relationships (our stores of value or “Capitals”) which propel us towards our vision and benefit our shareholders and customers

OUR CAPITALS –
THE RESOURCES AND
RELATIONSHIPS WE RELY ON
HOW WE CREATE OR
PROTECT VALUE
MATTERS OF KEY
STRATEGIC FOCUS
OUTCOMES
Our Vision

To be a leading ship owner/operator in 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 – 217 Ships*

Vessels in operation Total
Owned Chartered
Handysize 83 49 132
Supramax 27 56 83
Post-Panamx 1 1 2
Total 111 106 217

HUMAN CAPITAL

  • Optimal combination of people, competencies, capabilities, experience
3,800 Seafarers       336 Staff Ashore

Our Global Office Network

positioning us close to our customers

12 Offices       10 Chartering 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
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
NATURAL CAPITAL
  • The environmental resources (such as air, water, minerals and energy) that enable us to conduct our business

HOW WE CREATE OR PROTECT VALUE

Physical Capital

High-quality Ships

Expansion and renewal of our fleet through investment in ships of the best design and build quality


Scale and Interchangeability

Fleet scale provides network and economic advantages

In-house Technical Operations

Integrated team of technical services and crewing managers Integrated team of technical services and crewing managers taking care of our vessels and our seafarers

Human Capital

Team Productivity

Investment in crew and staff training and wellbeing

Being Local

Regional offices across six continents position us near our customers

Being Global

Worldwide network of offices and trade routes facilitates comprehensive market intel and global solutions for customers

Social Capital & Relationship Capital

Stakeholder Engagement & Wellbeing

Regular multi-level engagement and responsible operating practices to broaden and deepen our relationships with stakeholders and enhance their wellbeing through good corporate social responsibility

Intellectual Capital

Effective Business Model & Systems

Home-grown value-accretive business model, systems, procedures, know-how, efficiency focus, cost-consciousness and intangibles

Financial Capital

Considered Treasury Activity

Continuous management of financial resources and funding

Natural Capital

Environmental Responsibility

Observing or exceeding regulatory requirements and industry standards on environmental impact


MATTERS OF KEY STRATEGIC FOCUS

Physical Capital

Investing in Our Fleet
  • We already operate the largest Handy fleet, and will carefully consider further opportunities to acquire quality vessels which easily fit into our operating model
  • We are increasing the proportion of owned ships in our fleet to reduce our average daily vessel costs, and facilitate greater control
  • Our technical team strives to ensure safety and maximise availability so our ships are always operationally ready

Human Capital

Investing in Our People

We strive to develop and motivate our teams to enhance safety, productivity, customer satisfaction and job fulfilment


Deepening Our Relationships

We are increasing customer engagement by connecting with a larger number of customers at a local level to enhance our relationships and increase our access to cargoes

Social Capital & Relationship Capital

Safeguarding health & safety

Eliminating injury, navigation and pollution incidents through training


Evolving management & governance practices

Refining management decision-making, risk mitigation and board governance procedures and considerations

Intellectual Capital

Maximising Efficiencies and Reducing Costs

We know how to optimally match our large fleet and cargo systems to maximise utilisation, availability and punctuality, and we leverage our scale and other efficiencies to control our vessel opex and G&A costs

Financial Capital

Enhancing Corporate and Financial Profile

We continue to work within our financial gearing targets, maintain the Group’s financial health, and strive for best-in- class reporting, transparency and corporate stewardship

Natural Capital

Safeguarding the Environment

We minimise our environmental impact through continual training and environmentally efficient practices and technologies

OUTCOMES

Physical Capital

Optimal operational ship design and efficiency

Increased economies of scale and vessel utilisation

Optimal scheduling and flexibility for customers

Enhanced technical and service reliability for customers

Enhanced health and safety, quality and cost control

Human Capital

Safeguarding and enhancing quality, effectiveness and availability of our teams of staff on shore and at sea

Meaningful customer partnerships and better understanding of and response to customer needs

Access to comprehensive market intelligence and cargo opportunities

Optimal trading (cargo combinations) and positioning of our fleet

Social Capital & Relationship Capital

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

Intellectual Capital

Sector-leading service delivery

Maximising vessel earnings, minimising costs without impacting safety, and generating consistently respectable financial performance through the cycle

Strong brand and reputation

Financial Capital

Sound financial liquidity to fund investments and meet payment obligations and covenants

Optimal balance of financial capital sources benefits shareholders and enhances returns

Natural Capital

Sector-leading efforts to minimise consumption of natural resources and impact on the environment

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Our Resources in Action

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