Last Pages Viewed

Funding

Safeguarding our financial health with strong EBITDA generation and robust balance sheet

Healthy cash position and net gearing of 40%

Managing our business for a weak market scenario and future cash flows are well planned – We are well equipped to weather the very weak dry bulk market

Optimal balance of financial capital sources benefits shareholders and enhance returns

Cash Flow

Shipping is a capital intensive and cyclical business. As such, it is vitally important that we maintain a robust balance sheet.

We remain focused on Handy segments and are managing our business to deliver positive contributions even in a weak market and to safeguard our strong cash position and EBITDA generation

Borrowings

Over the long term, the Group aims to maintain a conservative consolidated net gearing of no greater than 50%, which we believe is sustainable over all stages of the shipping cycle.

Vessel Operating Lease Commitments

The Group made a US$100.9 million provision in 2014 for the remaining charter periods of Handysize and Handymax time charter contracts. The provision will be released back to the income statement in the periods in which the charter payments for these vessels are due from 2015 to 2019

Hidden Link
Please take a few minutes to give us your feedback so we can further improve our Annual Report next year.
(Click HERE for Survey - 2014 Reporting Feedback)