Navalyze · Market view · Segment
Cruise ships, 2025
207 cruise ships reported to THETIS-MRV for 2025, emitting 7.4 Mt of CO₂. Efficiency is measured as g CO₂/pax·nm.
The segment at a glance
Operators
Who runs cruise ships in EU trades, and how their fleets compare. Technical shows efficiency, speed and time at sea; commercial shows the allowance bill.
| # | Group | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Carnival Corporation5 companies | 56 | −33% | 350 | 307 | 13.8 | 3,138 | 12.7% | 7 |
| 2 | MSC Group3 companies, 1 in cruise | 20 | −30% | 363 | 351 | 14.4 | 4,431 | 13.5% | 2 |
| 3 | Royal Caribbean Group3 companies | 17 | −21% | 413 | 415 | 14.6 | 2,443 | 15.4% | – |
| 4 | NCL (Bahamas) Ltd. | 22 | +36% | 709 | 321 | 14.3 | 2,365 | 16.6% | – |
| 5 | Tui Cruises Gmbh | 12 | −37% | 326 | 235 | 13.0 | 3,514 | 17.1% | 1 |
| 6 | V.Ships11 companies, 1 in cruise | 7 | +18% | 612 | 238 | 12.6 | 3,487 | 17.0% | – |
| 7 | Wilhelmsen Ship Management3 companies, 1 in cruise | 9 | +31% | 683 | 204 | 12.8 | 2,879 | 20.8% | – |
| 8 | MARELLA CRUISES LIMITED | 4 | +2% | 533 | 300 | 12.9 | 4,297 | 19.2% | – |
| 9 | Fred. Olsen2 companies, 1 in cruise | 3 | +13% | 588 | 205 | 14.2 | 4,726 | 10.9% | – |
| 10 | Silversea SAM | 9 | +164% | 1,378 | 173 | 12.3 | 2,322 | 20.1% | – |
| 11 | Virgin Cruises Intermediate Limited | 4 | −10% | 467 | 346 | 12.8 | 1,612 | 16.3% | – |
| 12 | Windstar Cruises Marshall Islands, LLC | 6 | +162% | 1,367 | 77 | 9.1 | 2,997 | 21.7% | – |
| 13 | Mystic Cruises, S.A. (Zona Franca da Madeira) | 4 | +355% | 2,370 | 70 | 11.5 | 2,554 | 12.7% | – |
| 14 | Scenic Cruise Services d.o.o. | 3 | +300% | 2,081 | 64 | 9.1 | 2,916 | 21.4% | – |
| 15 | Lindblad Expeditions LLC | 3 | +343% | 2,306 | 68 | 9.2 | 2,070 | 9.2% | – |
Operators with at least 3 ships in this segment. Figures cover their ships in this segment only, so a group active in several segments (MSC runs container and cruise ships) has its full total on the market page. Groups combine ISM companies matched on name and known ownership; tell us at info@navalyze.com if one is in the wrong group. Click a column to rank by it.
Who verifies the reports
Accredited verifiers check each ship's MRV report. Their share of the segment's ships and CO₂.
- DNV76.7% / 81.6%
- Bureau Veritas18.6% / 10.1%
- ABS2.5% / 2.9%
- Lloyd's Register1.2% / 1.9%
- Tecnoveritas0.4% / 1.9%
- Verifavia0.3% / 1.0%
- Swiss Climate0.2% / 0.5%
- Polish Register of Shipping0.1% / 0.5%
- Phoenix Register of Shipping0.0% / 0.5%
How fuel is measured
Each ship's monitoring plan names one or more of the four MRV methods.
Most common combinations
- B27%
- A22%
- C16%
- A + C15%
- B + C11%
- A + B + C4%
- A + B4%
Share of 213 emission reports that name a method; a report can name several.
Notes
- Medians and rankings use 202 full-year reports with fuel; part-year and zero-fuel reports count towards totals only.
- THETIS reports time at sea on EU-scope voyages only, not time in port. CO₂ at berth is the closest measure of port activity it publishes.
- Speed and distance are derived from the published ratios; THETIS has no distance column.