Gram Car Carriers is developing its position as a substantial tonnage supplier to the world’s major operators of seaborne vehicle transportation. Over the last decades, we have grown to be the third largest car carrier tonnage provider in the world and gained extensive expertise as a commercial manager, covering the whole market with vessels suited to all aspects of the trade. We provide our customers with a modern, reliable and efficient fleet with the latest design details and maximum cargo carrying capability to support the green mobility shift.
|Revenue (USD million)||Average TC rate¹ (USD)||Total revenue backlog added in 2022² (USD million)|
|Net profit (USD million)||Utilisation||Revenue backlog at year end (USD million)|
|Dividend paid and proposed (USD million)||Average cash break-even³ (USD)||Average contract coverage duration per vessel (years)|
1. On straight-line basis in accordance with IFRS.
2. Revenue backlog added during 2022, including new time charters amounting to USD 848 million and existing backlog on acquired vessels amounting to USD 75 million.
3. Current break-even comprise of budgeted vessel running expenses, insurance, overheads and debt servicing based on prevailing 3m SOFR implied forward rates and next 12 months’ debt amortisation schedule. Capex not included.
|Market Cap (NOK)||6.03 bn|
|Number of shares||29,285,022|
|Key figures (USD '000)||2021||2022|
|Consolidated statement of income|
|Profit/(loss) for the period||(7,472)||23,877|
|Consolidated statement of financial position|
|Consolidated statement of cash flows|
|Cash flow from operating activities||38,335||79,617|
|Cash flow (used in)/from investing activities||35,605||(63,368)|
|Cash flow used in financing activities||(69,551)||(1,923)|