our ultimate goal

Our management diligently considers the implications for human rights, climate, and the environment when making decisions. Moreover, our company takes on the responsibility of reporting any practices that could potentially violate human rights and harm the environment to the relevant authorities.

We closely monitor our greenhouse gas emissions and adhere to industry best practices to mitigate the impact of our operations. Our vessels are classified in the A and B segments concerning EEXI compliance.

We are optimizing voyage schedules, avoiding long ballast trips, efficiently using vessel’s capacities, and adjusting sailing speed to save fuel. All these efforts are reflected in the positive result for 2023.

At ESTE Shipping, we monitor our fleet’s performance using two approaches. The first approach follows the Carbon Intensity Index (CII) methodology. Even though under the current CII regulation, we are not obliged to monitor nor report the CII, we take advantage of the methodology to measure how efficiently our fleet transports goods in a year.

The second monitoring approach follows the Energy Efficiency Operational Indicator (EEOI) methodology, which evaluates a ship’s fuel efficiency during operations. While the CII* determines the GHG emission efficiency of a vessel in relation to its cargo-carrying capacity and distance sailed, the EEOI** gives us an insight into a vessels’ fuel efficiency per transport work. We are delighted to report that in 2023, we managed to reduce both GHG emission intensity parameters by -2.1% and -1.4%, respectively, as compared to the previous year. 

*Calculated with the following parameters: annual fuel consumption, fuel’s emission factor, distance sailed and vessel’s deadweight.
** Calculated with the following parameters: annual fuel consumption, fuel’s emission factor, distance sailed, and cargo transported.