Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Zero cargo spills to sea.
• Completed installation of ballast water treatment systems for the entire fleet.
• Over 80% of fuel consumed was ultra-low sulfur fuel oil (ULSFO).
• Reduced CO2 emissions per mile run by ~7% on the Overseas Long Beach after hull cleaning and new antifouling paint application.
• 2% to 5% improvement in hull performance on two vessels using robotic hull grooming.

Social Achievements

• Decreased Lost Time Incident Rate (LTIR) from 1.84 to 1.28 despite an increase in the number of shipboard employees.
• 100% recovery from all shipboard COVID-19 cases.
• Zero marine casualties.
• Developed policies and procedures in line with the EMBARC standards to enhance shipboard standards and create a culture of inclusivity, safety, and transparency.
• Launched social media presence on Instagram, Facebook, and LinkedIn.

Governance Achievements

• Regular review and enhancement of Code of Business Conduct and Ethics policies.
• Annual compliance program requiring training and certifications for employees and the Board of Directors.
• Integration of sustainability into the business model through the Corporate Governance and Risk Assessment Committee and Executive Leadership Team.

Climate Goals & Targets

Environmental Challenges

• Failure to comply with IMO regulations (CII and EEXI).
• Climate change impact on weather (hurricanes).
• Inconsistencies in data collection and measuring capabilities.
• Industry-wide seagoing labor shortage.
• Cybersecurity threats.

Mitigation Strategies

• Introduced SEEMP Part III to better comply with CII; optimizing operational efficiencies, investing in new equipment and vessels with reduced emissions.
• Utilizing weather tracking systems, shifting to a cloud-based operations model, developing an internal Weather Risk Assessment program.
• Implementing a Data Management Policy, investing in NavFleet software, and committing to ongoing review of data collection capabilities.
• Partnering with maritime academies, increasing recruitment efforts, internal promotions, discussions with unions, reducing barriers to entry, participating in the Military to Maritime program, promoting American Maritime Voices, and protecting the Jones Act.
• Implementing a Cybersecurity Plan with MFA, network segmentation, updated operating systems and software, and employee training.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes

Transition Risks

• Changes in decarbonization landscape and US taxation legislation

Opportunities

• Investment in CCS technology, biofuels

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed