Navalyze

Navalyze · Flags

Flags of ships reporting to EU MRV, 2025

THETIS-MRV has no flag column, but every report names the ship's port of registry, and each port belongs to one flag state (Monrovia to Liberia, Majuro to the Marshall Islands). Navalyze reads the 723 ways the port is written in 2025 and assigns 86 flags. These are estimates, not official flag data; see how the flag is estimated.

?
?

The year at a glance

Flags
86
17,895 ships reporting
Largest flag: Liberia
23.2 million t
15% of all CO₂, 2,927 ships
EU/EEA flags
61.7 million t
40% of all CO₂, 5,413 ships
Ships with unknown flag
395
771 reports leave the port blank; 378 of them took the flag from another year

Largest flags

The 25 flags with most CO₂ in 2025. Bars show emissions; "EU" marks EU/EEA flags.

  • Liberia23.2 million t
  • Marshall Islands13.5 million t
  • Malta · EU13.3 million t
  • Panama13.3 million t
  • Singapore9.5 million t
  • Portugal · EU7.4 million t
  • Bahamas7.2 million t
  • Denmark · EU6.7 million t
  • Hong Kong (China)6.5 million t
  • Italy · EU6.4 million t
  • Cyprus · EU4.8 million t
  • Norway · EU4.4 million t
  • Greece · EU4.3 million t
  • Netherlands · EU3.3 million t
  • Bermuda2.5 million t
  • Germany · EU2.4 million t
  • France · EU2.3 million t
  • Antigua and Barbuda2.3 million t
  • Finland · EU1.6 million t
  • Spain · EU1.5 million t
  • Sweden · EU1.3 million t
  • United Kingdom1.3 million t
  • Turkiye1.1 million t
  • Isle of Man870,237 t
  • China822,078 t
Show as table, with ships, fuel and EU ETS
FlagShipsCO₂FuelCO₂ in EU ETS scope
Liberia2,92723.2 million t 15%7.5 million t12.8 million t
Marshall Islands2,30913.5 million t 9%4.4 million t7.2 million t
MaltaEU/EEA1,29313.3 million t 9%4.3 million t8.1 million t
Panama1,87513.3 million t 9%4.3 million t7.4 million t
Singapore8929.5 million t 6%3.1 million t4.8 million t
PortugalEU/EEA8327.4 million t 5%2.4 million t4.5 million t
Bahamas7297.2 million t 5%2.4 million t4.4 million t
DenmarkEU/EEA3846.7 million t 4%2.2 million t4.2 million t
Hong Kong (China)5756.5 million t 4%2.1 million t3.5 million t
ItalyEU/EEA3036.4 million t 4%2.0 million t5.2 million t
CyprusEU/EEA5414.8 million t 3%1.5 million t2.7 million t
NorwayEU/EEA5804.4 million t 3%1.4 million t3.3 million t
GreeceEU/EEA3194.3 million t 3%1.4 million t2.2 million t
NetherlandsEU/EEA5083.3 million t 2%1.0 million t2.1 million t
Bermuda872.5 million t 2%845,163 t1.5 million t
GermanyEU/EEA1042.4 million t 2%783,368 t1.3 million t
FranceEU/EEA1182.3 million t 2%783,420 t1.4 million t
Antigua and Barbuda5122.3 million t 2%730,070 t1.4 million t
FinlandEU/EEA731.6 million t 1%516,162 t1.3 million t
SpainEU/EEA461.5 million t 1%495,551 t463,959 t
SwedenEU/EEA761.3 million t 1%426,920 t1.0 million t
United Kingdom1361.3 million t 1%415,814 t726,491 t
Turkiye1601.1 million t 1%356,723 t643,312 t
Isle of Man150870,237 t 1%279,966 t516,697 t
China236822,078 t 1%262,074 t485,301 t
Other flags (61)1,7377.8 million t 5%2.5 million t4.4 million t
Unknown3952.8 million t 2%918,359 t1.6 million t

Flags over time

CO₂ of the six largest flags of the latest year, in every reporting year. Blank ports are filled from the same ship's other years. This chart stays on CO₂ in every view: CO₂eq and the EU ETS start with 2024.

  • Liberia
  • Marshall Islands
  • Malta
  • Panama
  • Singapore
  • Portugal
million t

EU/EEA flags' share of all CO₂: 2018 40% · 2019 40% · 2020 39% · 2021 42% · 2022 40% · 2023 41% · 2024 39% · 2025 40%

EU/EEA and other flags

EU/EEA means the 27 EU member states, Norway and Iceland. Overseas registers with their own flag, such as the Faroe Islands, Isle of Man, Gibraltar and Bermuda, count as other flags. EU/EEA-flagged ships emit 40% of the CO₂ but owe 43% of the EU ETS allowances: the ETS counts voyages within the EU in full and voyages into or out of the EU by half, and these ships sail more within the EU.

FlagsShipsreportingCO₂emitted, totalvs segment medianlower is bettervs similar-size shipssame segment, lower is better
EU/EEA flags5,41361.7 million t 40%+8%+1%
Other flags12,08888.2 million t 58%−2%0%
Unknown flag3952.8 million t 2%––

Top EU/EEA and other flags

The ten largest flags in each group. Choose what to rank by; the CO₂eq switch and the EUA price apply.

EU/EEA flags

22 flags, 61.7 million t in all · share is of this group

  1. 1Malta13.3 million t 22%
  2. 2Portugal7.4 million t 12%
  3. 3Denmark6.7 million t 11%
  4. 4Italy6.4 million t 10%
  5. 5Cyprus4.8 million t 8%
  6. 6Norway4.4 million t 7%
  7. 7Greece4.3 million t 7%
  8. 8Netherlands3.3 million t 5%
  9. 9Germany2.4 million t 4%
  10. 10France2.3 million t 4%

Other flags

64 flags, 88.2 million t in all · share is of this group

  1. 1Liberia23.2 million t 26%
  2. 2Marshall Islands13.5 million t 15%
  3. 3Panama13.3 million t 15%
  4. 4Singapore9.5 million t 11%
  5. 5Bahamas7.2 million t 8%
  6. 6Hong Kong (China)6.5 million t 7%
  7. 7Bermuda2.5 million t 3%
  8. 8Antigua and Barbuda2.3 million t 3%
  9. 9United Kingdom1.3 million t 1%
  10. 10Turkiye1.1 million t 1%

Flag mix of each segment

Share of each segment's CO₂ under the 10 largest flags, and under all EU/EEA flags together. Each row adds up to 100% across all flags.

SegmentLiberiaMarshall IslandsMaltaPanamaSingaporePortugalBahamasDenmarkHong Kong (China)ItalyAll EU/EEA
Container24%2%8%12%12%8%·8%9%·32%
Oil tanker19%25%11%3%5%2%7%2%3%1%32%
Bulk carrier21%22%7%17%5%4%3%·4%·15%
Ro-pax······2%7%·21%91%
LNG carrier6%22%12%1%4%·17%·3%·33%
General cargo7%5%2%6%·9%4%·2%·45%
Chemical tanker15%17%14%9%8%5%·5%1%3%39%
Cruise·3%22%13%·1%25%··14%42%
Ro-ro2%·18%··6%·11%·11%76%
Vehicle carrier16%7%7%19%1%2%9%··6%29%
Offshore··2%2%·1%12%9%·4%69%
Gas carrier (LPG)22%10%11%9%14%2%4%3%··31%
Con-ro·1%13%··3%2%··55%95%
Reefer25%··8%6%·42%··14%18%
Passenger··6%11%·3%28%···54%

Flags beyond the largest fifteen of a segment are counted in the EU/EEA total but not shown in their own column.

How each flag's ships compare

Each ship is set against the median ship of its own segment, on the platform's KPIs; the figure shown is the median of those differences for the flag's ships. Within a segment, bigger ships burn more fuel per mile but less CO₂ per tonne carried, so a flag with smaller ships looks higher on CO₂ per transport work for reasons of size. The similar-size column compares each ship only with ships of its own size band.

FlagShipsbenchmarkedvs segment medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmvs segment medianLNG / alt. fuelships
Liberia2,314 of 2,927−5%−1%+4%120 / 40
Marshall Islands1,812 of 2,309−5%−2%+3%57 / 22
MaltaEU/EEA1,085 of 1,293+8%0%−2%80 / 14
Panama1,521 of 1,875−8%−2%+2%16 / 31
Singapore771 of 892−19%−7%0%33 / 35
PortugalEU/EEA686 of 832+23%+5%−15%7 / 12
Bahamas560 of 729+2%+3%+5%40 / 27
DenmarkEU/EEA284 of 384−22%−5%+7%6 / 20
Hong Kong (China)429 of 575−18%−1%+15%14 / 25
ItalyEU/EEA258 of 303+27%+16%+14%5 / 0
CyprusEU/EEA384 of 541+27%+10%−13%16 / 10
NorwayEU/EEA408 of 5800%+1%−10%33 / 6
GreeceEU/EEA278 of 319−16%−3%+5%31 / 1
NetherlandsEU/EEA436 of 5080%−3%+3%8 / 1
Bermuda80 of 87+8%+2%+21%44 / 1
GermanyEU/EEA86 of 104+19%+3%+5%13 / 2
FranceEU/EEA100 of 118+7%+3%−5%37 / 5
Antigua and Barbuda443 of 512+40%+20%−15%0 / 4
FinlandEU/EEA71 of 73−6%−8%−1%9 / 0
SpainEU/EEA43 of 46+32%+24%+5%8 / 5
SwedenEU/EEA73 of 76+31%−10%−17%12 / 1
United Kingdom78 of 136−5%−4%−10%2 / 1
Turkiye135 of 160+37%−3%−27%0 / 1
Isle of Man105 of 150+2%−4%+1%5 / 4
China129 of 236+5%+7%+11%1 / 0
vs segment median
:
CO₂ per transport work against the median segment ship. Below 0% is better.
vs similar-size ships
:
CO₂ per transport work of the median ship, against the median ship of the same size band in its segment (whole segment where the segment has no size bands). Below 0% is better.
Fuel kg/nm
:
Fuel per mile of the median ship, against the median ship of its segment. Bigger ships burn more per mile, so this follows ship size.
LNG / alt. fuel
:
Ships burning mostly LNG / ships using biofuel, methanol or similar, mostly or blended into oil.

Flags with at least 40 benchmarked ships. A flag benchmarks fewer ships than it has in all: part-year reports, reports with no fuel, ships without a transport-work figure and the extreme 1% of each segment are left out, as on the market page. Ro-pax, cruise and passenger ships count per passenger, LNG carriers and con-ro per m³, general cargo per dwt. Size bands exist for cargo segments; elsewhere the similar-size column uses the whole segment.

Flags inside each segment

The largest flags of each segment, with the KPIs of their median ship.

Container · 2,432 ships · 32% of CO₂ under EU/EEA flags
FlagShipsin ContainerCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Container medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Liberia67612.6 million t 24%16.6+2%0%182
Panama2486.4 million t 12%14.3−13%+7%221
Singapore2476.1 million t 12%11.2−31%−8%199
Hong Kong (China)1114.6 million t 9%9.53−42%0%261
MaltaEU/EEA2384.3 million t 8%16.30%−1%167
PortugalEU/EEA2594.2 million t 8%34.8+113%+9%92.4
DenmarkEU/EEA924.0 million t 8%7.52−54%−9%241
GermanyEU/EEA511.9 million t 4%8.29−49%−9%262
Unknown431.1 million t 2%10.4−36%−7%232
CyprusEU/EEA851.1 million t 2%36.2+122%+3%87.9
Marshall Islands69933,504 t 2%19.0+16%−8%141
United Kingdom26661,817 t 1%9.75−40%−6%196
FranceEU/EEA19550,600 t 1%18.0+10%−16%138
Antigua and Barbuda48525,458 t 1%47.7+193%+6%80.7
United States19352,295 t 1%13.0−20%+5%198

Segment median: 16.3 g CO₂/t·nm and 177 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Oil tanker · 2,091 ships · 32% of CO₂ under EU/EEA flags
FlagShipsin Oil tankerCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Oil tanker medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Marshall Islands5184.1 million t 25%7.47−6%−5%130
Liberia4483.2 million t 19%7.64−4%+3%134
MaltaEU/EEA2231.9 million t 11%8.79+10%+1%126
GreeceEU/EEA1451.7 million t 10%6.44−19%+1%144
Bahamas1151.1 million t 7%7.950%+6%143
Singapore116777,662 t 5%8.78+10%−6%110
Panama98578,856 t 3%8.11+2%−6%118
Hong Kong (China)52473,874 t 3%6.24−21%−6%132
NorwayEU/EEA37441,869 t 3%17.1+115%+23%132
PortugalEU/EEA45391,527 t 2%23.9+201%+9%88.0
DenmarkEU/EEA40296,588 t 2%8.61+8%−14%107
Isle of Man33273,346 t 2%9.96+25%−3%124
ItalyEU/EEA27221,636 t 1%39.3+394%+55%84.5
Turkiye19143,200 t 1%23.2+191%+13%116
Cayman Islands7105,188 t 1%5.83−27%−17%123

Segment median: 7.95 g CO₂/t·nm and 129 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Bulk carrier · 5,020 ships · 15% of CO₂ under EU/EEA flags
FlagShipsin Bulk carrierCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Bulk carrier medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Marshall Islands1,0163.2 million t 22%8.08+2%+1%83.8
Liberia1,0283.1 million t 21%7.79−1%+2%85.3
Panama8332.5 million t 17%7.34−7%−2%83.2
MaltaEU/EEA338992,674 t 7%8.25+4%+3%83.5
Singapore231783,429 t 5%6.93−12%−5%79.8
Hong Kong (China)294655,535 t 4%7.42−6%0%87.2
PortugalEU/EEA133517,788 t 4%7.95+1%−4%79.4
Bahamas154470,862 t 3%8.37+6%+3%81.8
CyprusEU/EEA144337,075 t 2%7.79−2%+1%81.7
Unknown128294,462 t 2%6.25−21%−12%75.6
China119191,938 t 1%8.39+6%+9%88.9
Barbados102179,855 t 1%12.4+57%+5%70.3
Isle of Man37167,206 t 1%6.18−22%−9%93.6
GreeceEU/EEA47157,338 t 1%6.95−12%0%95.9
Antigua and Barbuda25153,768 t 1%16.6+111%+13%67.8

Segment median: 7.90 g CO₂/t·nm and 82.6 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Ro-pax · 436 ships · 91% of CO₂ under EU/EEA flags
FlagShipsin Ro-paxCO₂emitted, totalCO₂ per transport work (pax)g/pax·nm, median shipvs Ro-pax medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
ItalyEU/EEA742.9 million t 21%910+61%+61%188
CyprusEU/EEA711.9 million t 14%686+21%+21%152
GreeceEU/EEA461.6 million t 12%135−76%−76%143
SpainEU/EEA301.0 million t 8%586+3%+3%157
FranceEU/EEA291.0 million t 7%782+38%+38%151
DenmarkEU/EEA29906,475 t 7%703+24%+24%130
FinlandEU/EEA16781,249 t 6%128−77%−77%151
SwedenEU/EEA20711,881 t 5%470−17%−17%153
NorwayEU/EEA38624,024 t 5%226−60%−60%52.7
Unknown6267,370 t 2%894+58%+58%160
United Kingdom6255,660 t 2%1,681+197%+197%184
LithuaniaEU/EEA6217,139 t 2%2,466+335%+335%132
GermanyEU/EEA7216,737 t 2%1,625+187%+187%111
Bahamas9216,327 t 2%182−68%−68%138
EstoniaEU/EEA7189,565 t 1%421−26%−26%176

Segment median: 567 g CO₂/pax·nm and 150 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

LNG carrier · 414 ships · 33% of CO₂ under EU/EEA flags
FlagShipsin LNG carrierCO₂emitted, totalCO₂ per transport work (volume)g/m³·nm, median shipvs LNG carrier medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Marshall Islands792.2 million t 22%7.66+8%+8%208
Bahamas471.6 million t 17%9.28+30%+30%291
MaltaEU/EEA591.2 million t 12%6.64−7%−7%179
Bermuda45985,339 t 10%9.01+27%+27%217
Liberia36625,132 t 6%5.39−24%−24%169
GreeceEU/EEA29571,029 t 6%5.66−20%−20%178
FranceEU/EEA25443,367 t 5%5.81−18%−18%168
Singapore20369,104 t 4%6.34−11%−11%191
CyprusEU/EEA8357,835 t 4%9.69+36%+36%285
Hong Kong (China)14335,959 t 3%6.83−4%−4%214
SpainEU/EEA6276,750 t 3%7.61+7%+7%233
NorwayEU/EEA6242,465 t 2%13.7+92%+92%326
Unknown8160,450 t 2%5.64−21%−21%164
Panama9131,564 t 1%8.39+18%+18%179
Isle of Man795,343 t 1%7.58+6%+6%209

Segment median: 7.12 g CO₂/m³·nm and 190 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

General cargo · 3,121 ships · 45% of CO₂ under EU/EEA flags
FlagShipsin General cargoCO₂emitted, totalCO₂ per transport work (dwt)g/dwt·nm, median shipvs General cargo medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
NetherlandsEU/EEA3531.7 million t 18%24.2−5%−5%38.8
Antigua and Barbuda3891.4 million t 14%31.4+23%+23%34.5
PortugalEU/EEA228877,319 t 9%26.3+3%+3%36.7
Liberia221641,281 t 7%17.5−32%−32%66.3
Panama261607,380 t 6%22.5−12%−12%39.9
CyprusEU/EEA142475,122 t 5%30.3+19%+19%26.5
NorwayEU/EEA119448,986 t 5%26.5+4%+4%25.8
Marshall Islands155432,328 t 5%9.54−63%−63%62.7
Barbados175427,379 t 4%26.5+4%+4%25.0
Bahamas110401,268 t 4%11.6−54%−54%70.5
Unknown120211,902 t 2%26.1+2%+2%21.9
MaltaEU/EEA52210,358 t 2%20.6−19%−19%35.4
Hong Kong (China)53191,291 t 2%13.3−48%−48%76.7
IrelandEU/EEA37145,779 t 2%22.8−11%−11%30.3
FinlandEU/EEA24138,696 t 1%28.0+10%+10%40.4

Segment median: 25.5 g CO₂/dwt·nm and 35.2 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Chemical tanker · 1,670 ships · 39% of CO₂ under EU/EEA flags
FlagShipsin Chemical tankerCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Chemical tanker medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Marshall Islands3211.5 million t 17%12.5−17%−1%83.2
Liberia2761.3 million t 15%13.0−13%−3%80.8
MaltaEU/EEA1881.3 million t 14%26.0+73%+10%75.4
Panama169772,686 t 9%14.2−6%−9%78.2
Singapore151714,885 t 8%10.8−28%−9%78.9
NorwayEU/EEA73568,953 t 6%13.8−8%+3%89.2
PortugalEU/EEA64429,893 t 5%29.5+96%+9%74.7
DenmarkEU/EEA84422,139 t 5%11.0−27%−4%73.6
ItalyEU/EEA37291,197 t 3%23.2+54%+39%93.3
Cayman Islands28208,705 t 2%16.8+12%+28%101
Hong Kong (China)29124,400 t 1%13.4−11%+13%89.7
Saudi Arabia25116,979 t 1%11.7−22%+15%101
SwedenEU/EEA15106,646 t 1%28.9+92%−3%54.5
CyprusEU/EEA1493,308 t 1%15.5+3%+6%82.9
GreeceEU/EEA1687,237 t 1%20.9+39%+29%105

Segment median: 15.0 g CO₂/t·nm and 79.7 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Cruise · 207 ships · 42% of CO₂ under EU/EEA flags
FlagShipsin CruiseCO₂emitted, totalCO₂ per transport work (pax)g/pax·nm, median shipvs Cruise medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Bahamas691.7 million t 25%862+65%+65%218
MaltaEU/EEA361.5 million t 22%429−18%−18%310
Bermuda251.1 million t 16%393−24%−24%359
ItalyEU/EEA191.0 million t 14%311−40%−40%303
Panama15900,175 t 13%383−26%−26%342
Marshall Islands13230,402 t 3%826+59%+59%162
NorwayEU/EEA11229,756 t 3%683+31%+31%194
NetherlandsEU/EEA7135,343 t 2%446−15%−15%273
United Kingdom279,532 t 1%––––
PortugalEU/EEA557,485 t 1%––––
FranceEU/EEA17,846 t 0%––––
Liberia26,950 t 0%––––
Saint Kitts and Nevis15,891 t 0%––––
Palau13,018 t 0%––––

Segment median: 521 g CO₂/pax·nm and 264 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Ro-ro · 245 ships · 76% of CO₂ under EU/EEA flags
FlagShipsin Ro-roCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Ro-ro medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
MaltaEU/EEA45968,320 t 18%85.3−10%−10%100
ItalyEU/EEA18591,260 t 11%84.0−12%+2%137
Turkiye15588,153 t 11%73.3−23%−3%116
DenmarkEU/EEA19568,040 t 11%95.20%+16%125
FinlandEU/EEA20535,296 t 10%100+5%+19%131
PortugalEU/EEA15327,138 t 6%148+56%+10%99.5
Unknown10303,942 t 6%54.5−43%0%134
SwedenEU/EEA11259,395 t 5%64.0−33%−16%112
SpainEU/EEA8194,614 t 4%277+191%+47%110
NetherlandsEU/EEA8163,173 t 3%90.3−5%+1%109
FranceEU/EEA8120,576 t 2%449+372%+58%62.3
CyprusEU/EEA9115,368 t 2%163+71%+1%110
Liberia796,428 t 2%77.1−19%−16%97.2
Tunisia470,758 t 1%––––
GreeceEU/EEA662,351 t 1%308+223%+22%87.3

Segment median: 95.2 g CO₂/t·nm and 105 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Vehicle carrier · 533 ships · 29% of CO₂ under EU/EEA flags
FlagShipsin Vehicle carrierCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Vehicle carrier medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Panama105828,017 t 19%55.8+1%+2%100
Liberia75700,518 t 16%56.8+3%−5%97.6
Bahamas56399,869 t 9%53.3−4%+6%105
NorwayEU/EEA41334,365 t 8%40.1−28%−4%97.8
Marshall Islands53317,252 t 7%67.6+22%+7%103
Japan46300,078 t 7%53.2−4%−4%96.7
MaltaEU/EEA31291,150 t 7%59.2+7%−4%97.6
ItalyEU/EEA18261,986 t 6%86.4+56%+14%99.6
South Korea34225,050 t 5%47.2−15%+10%108
SwedenEU/EEA13119,791 t 3%36.8−34%−10%106
United States1598,642 t 2%66.1+19%−6%97.8
GreeceEU/EEA689,199 t 2%77.7+40%−26%76.4
PortugalEU/EEA574,080 t 2%80.3+45%−29%67.3
Singapore763,880 t 1%50.7−8%+13%112
Unknown959,218 t 1%47.1−15%−1%99.9

Segment median: 55.4 g CO₂/t·nm and 99.9 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Offshore · 616 ships · 69% of CO₂ under EU/EEA flags
FlagShipsin OffshoreCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Offshore medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
NorwayEU/EEA145949,960 t 29%1,449+6%−11%74.8
Bahamas38388,266 t 12%––––
DenmarkEU/EEA84286,020 t 9%4,450+226%+192%128
LuxembourgEU/EEA25243,937 t 7%––––
Unknown26226,262 t 7%2,205+61%−22%52.2
CyprusEU/EEA32180,957 t 5%––––
NetherlandsEU/EEA40166,668 t 5%6,307+361%−52%104
BelgiumEU/EEA17153,473 t 5%––––
ItalyEU/EEA27135,171 t 4%301−78%+51%156
Isle of Man1898,003 t 3%––––
United Kingdom5392,494 t 3%784−43%−25%57.2
MaltaEU/EEA1474,603 t 2%––––
Panama2061,215 t 2%––––
FranceEU/EEA835,483 t 1%––––
PortugalEU/EEA930,160 t 1%––––

Segment median: 1,367 g CO₂/t·nm and 82.9 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Gas carrier (LPG) · 431 ships · 31% of CO₂ under EU/EEA flags
FlagShipsin Gas carrier (LPG)CO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Gas carrier (LPG) medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Liberia96638,585 t 22%32.4−9%−2%81.6
Singapore60406,064 t 14%32.5−9%−8%74.0
MaltaEU/EEA42324,934 t 11%59.8+68%−1%66.2
Marshall Islands47282,429 t 10%25.5−28%−9%83.6
Panama46267,205 t 9%19.7−45%+5%103
NorwayEU/EEA22240,896 t 8%34.6−3%+6%77.6
Bahamas10122,457 t 4%18.6−48%+2%126
DenmarkEU/EEA1778,668 t 3%71.9+102%+20%80.2
BelgiumEU/EEA961,627 t 2%27.4−23%+26%94.3
Algeria660,087 t 2%39.2+10%+22%120
NetherlandsEU/EEA755,128 t 2%123+246%+38%67.2
Antigua and Barbuda852,162 t 2%120+238%+34%75.0
PortugalEU/EEA750,574 t 2%91.3+157%−19%50.6
Isle of Man741,636 t 1%204+472%+74%86.8
FranceEU/EEA637,196 t 1%––––

Segment median: 35.6 g CO₂/t·nm and 81.6 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Con-ro · 67 ships · 95% of CO₂ under EU/EEA flags
FlagShipsin Con-roCO₂emitted, totalCO₂ per transport work (volume)g/m³·nm, median shipvs Con-ro medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
ItalyEU/EEA36604,781 t 55%9.10−8%−8%140
NetherlandsEU/EEA6246,343 t 22%45.3+357%+357%158
MaltaEU/EEA10139,681 t 13%4.63−53%−53%158
Saudi Arabia637,811 t 3%11.2+13%+13%99.0
PortugalEU/EEA236,349 t 3%––––
Bahamas217,003 t 2%––––
FinlandEU/EEA115,727 t 1%––––
Marshall Islands25,791 t 1%––––
Unknown20 t 0%––––

Segment median: 9.92 g CO₂/m³·nm and 135 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Reefer · 129 ships · 18% of CO₂ under EU/EEA flags
FlagShipsin ReeferCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Reefer medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Bahamas71373,392 t 42%63.5+12%+2%81.3
Liberia23224,129 t 25%41.2−28%−7%91.2
ItalyEU/EEA4125,983 t 14%––––
Panama1367,056 t 8%60.0+6%−2%83.0
Singapore449,277 t 6%––––
NetherlandsEU/EEA213,483 t 2%––––
Barbados210,266 t 1%––––
CyprusEU/EEA28,203 t 1%––––
NorwayEU/EEA14,441 t 1%––––
DenmarkEU/EEA12,156 t 0%––––
South Korea21,484 t 0%––––
Curacao11,027 t 0%––––
Japan1545 t 0%––––
China10 t 0%––––
Russia10 t 0%––––

Segment median: 56.8 g CO₂/t·nm and 82.9 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Passenger · 37 ships · 54% of CO₂ under EU/EEA flags
FlagShipsin PassengerCO₂emitted, totalCO₂ per transport work (pax)g/pax·nm, median shipvs Passenger medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
Bahamas491,057 t 28%––––
NorwayEU/EEA557,634 t 17%658−64%−64%54.2
FranceEU/EEA955,825 t 17%1,906+5%+5%76.1
Panama134,750 t 11%––––
SwedenEU/EEA127,171 t 8%––––
MaltaEU/EEA419,421 t 6%––––
Unknown215,637 t 5%––––
Cayman Islands111,592 t 4%––––
PortugalEU/EEA610,758 t 3%2,138+18%+18%74.6
BelgiumEU/EEA14,571 t 1%––––
NetherlandsEU/EEA11,894 t 1%––––
Marshall Islands1627 t 0%––––
Bermuda10 t 0%––––

Segment median: 1,819 g CO₂/pax·nm and 76.3 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

Combination · 5 ships · 84% of CO₂ under EU/EEA flags
FlagShipsin CombinationCO₂emitted, totalCO₂ per transport work (cargo)g/t·nm, median shipvs Combination medianlower is bettervs similar-size shipssame segment, lower is betterFuel kg/nmmedian ship
ItalyEU/EEA319,170 t 84%––––
Marshall Islands12,907 t 13%––––
Saint Kitts and Nevis1807 t 4%––––

Segment median: 18.1 g CO₂/t·nm and 104 kg/nm fuel. KPI cells stay empty for flags with fewer than 5 benchmarked ships here. CO₂ per transport work is shown on CO₂; the comparison columns follow the CO₂ / CO₂eq switch.

How the flag is estimated

The port of registry is typed by each company, so one port appears in many forms ("Monrovia", "MONRAVIA", "Monrovia, Liberia"). Navalyze matches 723 spellings in 2025 to 86 flags. 771 reports leave the port blank; 378 of them take the flag the same ship (IMO number) has in its nearest other reporting year, and the rest stay unknown. 4 ports could not be matched.

The estimate cannot tell second registers apart: NIS and NOR are both Norway, DIS and DAS both Denmark, and the Madeira register is Portugal. A ship that changed flag during the year shows the port named in its report. Some ports could mean two flags; the choices made are:

  • Hamilton taken as Bermuda (87 ships under Bermuda)
  • George Town / Georgetown taken as Cayman (56 ships under Cayman Islands)
  • Leirvik taken as Faroe (operators are Faroese) (42 ships under Faroe Islands)
  • NIS and NOR registers both shown as Norway (580 ships under Norway)
  • DIS and DAS both shown as Denmark (384 ships under Denmark)
  • Mata-Utu (Wallis and Futuna), French register (118 ships under France)
  • Tripoli taken as Libya (operator is Libyan) (6 ships under Libya)
  • Portsmouth taken as Dominica (low confidence) (3 ships under Dominica)

Not matched: Douala (NIHAT K), GMA (DARYA TAPTI), The Creek (RENAISSANCE), St Cruz de Tenerife (MUNDAKA NM).

Totals count each ship once a year: a part-year report of a ship that also has a full-year report is left out, as on every other page. The flag also shows on each ship page.