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Philippines flag, 2024

Ships whose port of registry belongs to Philippines, as estimated from the THETIS-MRV reports for 2024, and the companies operating them. Each company counts only its ships under this flag.

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At a glance

Ships
39
reporting to EU MRV
Emitted
131,881 t
CO₂, all ships under the flag
EU ETS allowances due
€2.3m
30,278 t of allowances at the chosen price
Largest operator: Victoria Ship Management
€2.3m
38 ships, 100% of the flag's allowances

Ship types under this flag

CO₂ by segment.

  • Bulk carrier71,790 t
  • Chemical tanker60,091 t

Companies by EU ETS cost

The 2 operators with most EU ETS allowances due for their Philippines-flagged ships in 2024. Companies of one group are summed, as on the compare page; their ships under other flags are not counted here.

#OperatorMain segmentShipsunder PhilippinesCO₂emitted, totalAllowancesEU ETS costvs segment medianlower is bettervs similar-size shipssame segment, lower is better
1Victoria Ship Management(2 companies)Bulk carrier38129,252 t€2.3m−1%−10%
2NORSTAR SHIP MANAGEMENT PTE LTDChemical tanker12,629 t€0––
Show by ISM company (DoC holder) instead of group
#OperatorMain segmentShipsunder PhilippinesCO₂emitted, totalAllowancesEU ETS costvs segment medianlower is bettervs similar-size shipssame segment, lower is better
1VICTORIA SHIP MANAGEMENT, INC.Bulk carrier2471,790 t€1.2m−2%−11%
2VICTORIA SHIP MANAGEMENT INC.Chemical tanker1457,462 t€1.1m+9%−2%
3NORSTAR SHIP MANAGEMENT PTE LTDChemical tanker12,629 t€0––
Allowances
:
EU ETS allowances due for the year, at the chosen price.
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.

EU ETS allowances are not a tax: companies buy and surrender one allowance per tonne of CO₂ in scope. Figures use the 2024 phase-in share and an EUA price of €75 per tonne, which the commercial view lets you change. The flag is estimated from the port of registry; see the Flags page.