Navalyze · Bulk carrier · Ship

PANAGIOTIS

IMO: 9461063
Type: Bulk carrier
Average cargo carried: 50,586 t
Port of registry: Majuro
Technical efficiency: EEXI 3.51 g CO₂/t·nm

ISM company (DoC holder) in 2025: EMPIRE BULKERS LTD

Report year

2024 at a glance

From the 2024 THETIS-MRV report. Carries about 50,586 t of cargo on average.

Fuel kg/nm

129.9

Bulk carrier median 84.6 kg/nm (+54%)

CO₂ per transport work (cargo)

8.04

g CO₂/t·nm · Bulk carrier median 8.09 (−1%)

Average speed

8.7 kn

Bulk carrier median 10.6 kn (−18%)

Fuel per day at sea

27.2 t/day

Fuel consumed

1,576 t

CO₂ emitted

4,935 t

5,012 t CO₂eq incl. CH₄ and N₂O

Distance sailed

12,134 nm

CO₂ ÷ CO₂ per mile

Time at sea

1,390 h

58 days, 16% of the year

Within the bulk carrier fleet, 2024

Set against all 3,089 bulk carrier ships with a full-year 2024 report. Bigger ships burn more per mile but less per tonne of cargo, so read fuel per mile with the ship's size in mind.

Fuel kg/nmThis ship 129.9 kg/nm · median 84.6 (+54%)

61.8Ranks 2,860 of 3,089, lowest first119.4

Average speedThis ship 8.7 kn · median 10.6 (−18%)

8.8Faster than 10% of bulk carrier ships11.8

CO₂ per transport work (cargo)This ship 8.04 g CO₂/t·nm · median 8.09 (−1%)

4.85Ranks 1,523 of 3,089, lowest first15.76

Middle 80% of shipsMiddle 50%Bulk carrier medianThis ship

Where the emissions happen, 2024

THETIS splits each ship's CO₂ by voyage type. The split sets how much falls under the EU ETS: all of it within the EU and at berth, half of it on voyages into or out of the EU.

Between EU ports0%
From the EU28%
Into the EU70%
At berth in the EU2%

51% of this ship's CO₂ falls under the EU ETS (2,515 t).

Fuel burned laden

–

Not reported

CO₂ at berth

1.9%

Alongside in EU ports

Methane (CH₄)

0.1 t

Mainly from LNG; small for oil, biofuel and methanol

CO₂eq ÷ CO₂

1.016

Uplift from CH₄ and N₂O, counted in full from 2026

Over the years

Full-year reports only. The Bulk carrier median is the middle ship of all bulk carrier ships reporting that year; it moves with the fleet, so a ship can gain on it without changing itself.

Fuel kg/nm

PANAGIOTIS
Bulk carrier median

80.0100.0120.0140.0

’182018’192019’202020’212021’222022’232023’242024

Average speed, kn

PANAGIOTIS
Bulk carrier median

8.09.010.011.012.0

’182018’192019’202020’212021’222022’232023’242024

CO₂ per transport work (cargo), g CO₂/t·nm

PANAGIOTIS
Bulk carrier median

5.07.510.012.515.0

’182018’192019’202020’212021’222022’232023’242024

Year on year

Year	Average speed	Fuel kg/nm	Fuel per day at sea	Distance	CO₂ per transport work	Reading
2023→2024	−2.9 kn	+27%	−5%	−48%	−41%	2.9 kn slower, fuel per mile up 27%; worse than speed alone explains (fouling, weather, loading or trade).
2022→2023	+2.6 kn	−24%	−1%	+114%	+63%	2.6 kn faster, fuel per mile down 24%; better than speed alone explains (hull, engine or trade).
2021→2022	−1.6 kn	+16%	−2%	−42%	+56%	1.6 kn slower, fuel per mile up 16%; worse than speed alone explains (fouling, weather, loading or trade).
2020→2021	+2.2 kn	−17%	+5%	+361%	−35%	2.2 kn faster, fuel per mile down 17%; better than speed alone explains (hull, engine or trade).
2019→2020	−2.6 kn	+17%	−11%	−63%	−29%	2.6 kn slower, fuel per mile up 17%; worse than speed alone explains (fouling, weather, loading or trade).
2018→2019	+0.8 kn	+3%	+10%	−48%	+54%	0.8 kn faster, fuel per mile up 3%; better than speed alone explains (hull, engine or trade).

Part-year reports are left out of these comparisons. Fuel per mile rises roughly with the square of speed for a given ship, so a change in speed explains much of a change in fuel per mile.

Every reporting year

One row per THETIS-MRV report. A ship that changed operator during a year has a part-year report for each.

Operation

Year	ISM company	Fuel t	CO₂ t	Distance nm	Hours at seah	Average speedknots at sea	Fuel kg/nmthis ship	CO₂ per transport work (cargo)g/t·nm, this ship	Laden fuel
2025part-year	EMPIRE BULKERS LTD	0	0	–	0	–	–	–	–
2024	EMPIRE BULKERS LTD	1,576	4,935	12,134	1,390	8.7	129.9	8.04	–
2023	not published	2,409	7,608	23,511	2,028	11.6	102.5	13.62	–
2022	not published	1,473	4,657	10,983	1,222	9.0	134.1	8.34	–
2021	not published	2,214	7,003	19,084	1,792	10.6	116.0	5.33	–
2020	not published	580	1,848	4,141	494	8.4	140.0	8.24	–
2019	not published	1,349	4,231	11,261	1,025	11.0	119.8	11.56	–
2018	not published	2,522	7,971	21,596	2,115	10.2	116.8	7.50	–

Benchmark and verification

Year	ISM company	CO₂ per TW, g CO₂/t·nm	Bulk carrier median	vs Bulk carrier	Rank	Verifier	Methods
2025part-year	EMPIRE BULKERS LTD	–	–	–	–	DNV	B
2024	EMPIRE BULKERS LTD	8.04	8.09	−1%	1,523 of 3,089	DNV	B
2023	not published	13.62	8.27	+65%	2,980 of 3,548	DNV	B
2022	not published	8.34	8.71	−4%	1,809 of 3,968	DNV	B
2021	not published	5.33	8.57	−38%	371 of 3,466	DNV	B
2020	not published	8.24	8.24	+0%	1,575 of 3,150	ABS	B
2019	not published	11.56	8.38	+38%	2,604 of 3,360	ABS	B
2018	not published	7.50	8.50	−12%	1,272 of 3,384	ABS	B

Fuel per mile and CO₂ per tonne-mile are the ship's own reported KPIs. Bulk carrier ships are benchmarked on CO₂ per transport work (cargo) (TW), in g CO₂/t·nm. CO₂eq adds methane and nitrous oxide and is in the public files from 2024. Rank counts from the lowest figure among that year's bulk carrier ships. Methods: A delivery notes, B tank monitoring, C flow meters, D direct measurement. FuelEU GHG intensity is not shown: it needs fuel types, which the public file does not carry. Operators are named only from 2024, the first year the public files carry them; earlier years belong to the ship, not to any company.