BULL has expanded its fleet from 8 vessels with a total capacity of 202,782 DWT in 2013 to its 33 vessels with a total capacity of 2.3 million DWT capacity, while still maintaining debt to EBITDA ratio.
Started from 8 (eight) vessels with a total capacity of 208,793 Deadweight Tonnage (DWT) in 2013. The Company now owns and operates 33 vessels with a total capacity of 2,303,131 DWT.
The balanced combination of low risk business model and growth strategy has enabled the company to grow 11 times in the span of 7 years while maintaining an acceptable debt to EBITDA ratio.