Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability
• Safety
• Diversity & Inclusion
• Governance
• Human Rights

Environmental Achievements

• Significant reduction in carbon dioxide emissions per metric tonne of cargo moved on a per mile basis (using EEOI tool)
• Installation of advanced ballast water treatment systems in one vessel, with plans for fleet-wide installation by 2023
• Installation of Exhaust Gas Cleaning Systems (ECGS); evolving fuel strategy including use of Low Sulphur Fuel Oil (LSFO)
• Extensive retrofitting program investing in energy-efficient propellers and bows to reduce fuel consumption
• Monitoring and maintaining Inventory of Hazardous Materials (IHM) in line with IMO Hong Kong Convention 2009 and EU SRR 2013

Social Achievements

• Zero fatalities and zero high-consequence work-related injuries in 2022
• Four recordable work-related injuries in 2022 (based on OCIMF guidelines)
• 18% women representation in the workforce
• 11 nationalities represented in the workforce
• Ongoing safety training and awareness programs for sea staff

Governance Achievements

• Full adoption and implementation of relevant corporate governance rules as set out by Securities and Commodities Authority (SCA)
• Establishment of Board Committees (Nomination and Remuneration, Audit, Insiders’ Trading, Follow-Up and Supervision)
• Compliance with ISO 9001:2015 and 14001:2015 certifications

Climate Goals & Targets

Environmental Challenges

• Meeting stringent environmental regulations and reducing CO2 emissions
• Maintaining safety standards across operations
• Ensuring compliance with evolving IMO requirements
• Addressing the threat of piracy and cybersecurity risks

Mitigation Strategies

• Investment in low-carbon technology and energy efficiency measures
• Implementation of robust operating and maintenance practices
• Collaboration with engine builders for retrofitting and technology upgrades
• Development of Security Information Policy and IT Management Policy
• Collaboration with Ambrey Security for piracy updates

Supply Chain Management

Responsible Procurement

• Setting operational standards through legally binding agreements

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change & Environmental Sustainability
• Safeguarding People
• Diversity & Inclusion
• Governance

Environmental Achievements

• Installation of UV type ballast water treatment systems in vessels.
• Compliance through usage of low-sulphur fuels.
• Significant reduction in carbon dioxide emissions per metric tonne of cargo moved on a per mile basis.

Social Achievements

• 0 Fatalities, 0 high-consequence Oil Spills, 2 recordable work-related injuries in 2023 (based on OCIMF Injury Reporting Guidelines).
• 18% Women representation in the workforce.
• 13 nationalities represented in the workforce.

Governance Achievements

• Full adoption and implementation of relevant corporate governance rules as set out by Securities and Commodities Authority (SCA).
• 0 Fines/Penalties during 2023.
• Successful capital restructuring program.

Climate Goals & Targets

Environmental Challenges

• Ongoing compliance with evolving regulations.
• Technological advancements.
• Changing market dynamics.

Mitigation Strategies

• Proactive and collaborative approach, engaging stakeholders across the maritime industry to drive positive change and foster sustainable practices.
• Investing in energy-efficient technologies.
• Collaborating with engine builders to retrofit Engine Power Limiting Devices.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: MARPOL, ISO 9001:2015, ISO 14001:2015

Certifications: ISO 9001:2015, ISO 14001:2015

Sustainable Products & Innovation

• Selection coating for propellers
• Exploration of drone operation in port operations
• Integration of cutting-edge technologies to optimise vessel performance and enhance fuel efficiency

Awards & Recognition

• Excellence in Maritime Services Award at the 2023 ShipTek Awards