太平洋航运(02343) - 2022 - 年度财报

Financial Performance - In 2022, the company achieved record basic profit of $715 million and EBITDA of $935 million, with a net profit of $702 million, resulting in a return on equity of 38%[28] - The company's EBITDA increased to 935.1 million HKD, up from 714.7 million HKD, representing a growth of 30.7% year-over-year[33] - Shareholders' profit attributable to the company was 701.9 million HKD, compared to 844.8 million HKD in the previous year, indicating a decline of 17%[33] - The average return on equity was 38%, down from 58% in the previous year, showing a decrease of 34.5%[33] - The company recorded a record basic profit of $715 million and a net profit of $702 million for the year 2022, achieving a strong return on equity of 38%[58] - A total dividend of HKD 0.26 per share was proposed for 2022, representing 75% of the annual net profit and a dividend yield of 27% based on the beginning of the year’s share price[50] Fleet and Operations - The current fleet consists of 115 small and ultra-small bulk carriers, with a total of approximately 243 owned and chartered vessels[31] - The company operates a fleet of 243 vessels, with a total deadweight tonnage of 5.1 million tons[40] - The average age of the owned fleet is 12 years, with a focus on modern vessels under 20 years old[40] - The company has increased its owned fleet's deadweight capacity from 500,000 tons to 2,500,000 tons for small handy and from 200,000 tons to 2,500,000 tons for super handy, achieving a total deadweight capacity of 5,000,000 tons[51] - The company sold and delivered seven small handy bulk carriers and one ultra-large handy bulk carrier during the year to optimize its fleet[65] - The company plans to replace older, less efficient vessels with younger, larger, and more efficient ships to reduce carbon emissions and improve operational efficiency[66] Market and Demand - The company anticipates stable long-term demand for small bulk carriers, with only moderate growth in fleet capacity over the past decade[42] - The global demand for dry bulk shipping tonnage increased by approximately 2% year-over-year, driven by strong demand for minor bulk cargoes, with alumina, forestry products, and salt seeing a 6% increase[75] - The demand for minor bulk cargoes is diverse and typically follows GDP growth, with a forecasted growth of 2.9% in minor bulk demand for 2023[75] - The company remains optimistic about the medium to long-term outlook for the dry bulk shipping market, supported by significant infrastructure investments, particularly in emerging markets like India and ASEAN countries[72] Environmental and Sustainability Initiatives - The company is investing in zero-emission vessels and is developing a design for the first generation of methanol-powered ultra-large bulk carriers[31] - The company aims for zero work-related injuries and zero lost work hours, having recorded only six incidents leading to lost work hours out of 20.8 million hours worked in 2022[54] - The company aims to transition to a fleet composed solely of zero-emission vessels by 2050, with no new orders for newbuilds until commercially viable zero-emission vessels and suitable energy infrastructure are available globally[68] - The company is focusing on green methanol as the best fuel for its first generation of zero-emission vessels, with plans to expedite the delivery of the first dual-fuel ultra-large handy bulk carrier capable of using methanol or fuel oil[68] - The company has established a dedicated sustainability team to enhance its focus on sustainable business practices and sustainable asset investments[130] - The company is committed to achieving net-zero emissions in the shipping industry by 2050 and is actively exploring innovative technologies and alternative fuels[196] Risk Management and Governance - The company has established a risk management framework based on the "three lines of defense" model, overseen by the board and the audit committee[171] - The company has implemented measures to enhance employee engagement and retention, including regular training and performance reviews, to ensure a capable workforce[186] - The board conducts regular evaluations of its performance and the performance of senior management[160] - The company is committed to improving risk management and corporate governance to enhance stakeholder confidence and ensure business continuity[143] - The company has received a BBB rating from MSCI ESG in 2022, indicating strong governance and sustainability practices[144] Awards and Recognition - The company has received multiple awards in 2022, including the Best Dry Bulk Operator Award and the Best Shipping Company Award, highlighting its commitment to quality and sustainability[52] - The company received the Best Sustainable Development Company award at the Hong Kong Institute of Certified Public Accountants' 2022 Best Corporate Governance and ESG Awards[129] - The company received multiple safety-related awards, reflecting its commitment to high-quality safety standards[190] Strategic Partnerships and Collaborations - The company has signed a memorandum of understanding with Nihon Shipyard Co. and Mitsui to evaluate potential green fuels and develop zero-emission vessels[54] - The company has signed a memorandum of understanding with two Japanese partners to explore and develop zero-emission vessels and may invest in related fuel supply infrastructure[68] - The company is collaborating with industry partners to develop efficient designs for its first dual-fuel vessel capable of operating on green methanol or fuel[196] Employee Welfare and Safety - The company is committed to enhancing crew welfare by providing financial support, recreational facilities, and mental health assistance to mitigate the impact of pandemic-related restrictions[69] - The company is enhancing its focus on mental health for crew members, including establishing a dedicated training supervisor position and expanding training programs[137] - The company achieved a lost time injury frequency of 0.29 incidents per million hours worked in 2022, reflecting a strong emphasis on employee training and welfare[128]