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Navalyze · Flags · Belgium

Belgium flag, 2025EU/EEA

Ships whose port of registry belongs to Belgium, as estimated from the THETIS-MRV reports for 2025, and the companies operating them. Each company counts only its ships under this flag.

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At a glance

Ships
64
reporting to EU MRV
Emitted
424,974 t
CO₂, all ships under the flag
EU ETS allowances due
€6.2m
83,323 t of allowances at the chosen price
Largest operator: Exmar
€1.8m
9 ships, 28% of the flag's allowances

Ship types under this flag

CO₂ by segment.

  • Offshore153,473 t
  • Bulk carrier94,594 t
  • Gas carrier (LPG)61,627 t
  • Other39,889 t
  • Oil tanker24,732 t
  • Ro-ro21,036 t
  • Container10,680 t
  • General cargo10,431 t
  • Passenger4,571 t
  • LNG carrier3,942 t

Companies by EU ETS cost

The 23 operators with most EU ETS allowances due for their Belgium-flagged ships in 2025. Companies of one group are summed, as on the compare page; their ships under other flags are not counted here.

#OperatorMain segmentShipsunder BelgiumCO₂emitted, totalAllowancesEU ETS costvs segment medianlower is bettervs similar-size shipssame segment, lower is better
1Exmar(2 companies)Gas carrier (LPG)961,627 t€1.8m−23%+26%
2CLdNRo-ro121,036 t€1.0m––
3CMB.TECH(3 companies)Bulk carrier856,689 t€847k−23%+5%
4BOCIMAR INTERNATIONAL NVOil tanker224,547 t€665k––
5Golden John Ltd.Bulk carrier115,291 t€410k––
6A La Marine B.V.Container110,680 t€407k––
7Fast Lines Belgium NVGeneral cargo45,706 t€203k––
8Golden Grace Ltd.Bulk carrier17,450 t€186k––
9SOCIETE ALSACE CROISIERES S.A.-CROISIEUROPEPassenger14,571 t€162k––
10NYKLNG carrier13,942 t€146k––
11CONTI-LINES NVBulk carrier14,261 t€129k––
12GOLDEN KSL SALVADOR LTD.Bulk carrier14,628 t€128k––
13Boeckmans Ship Management BVGeneral cargo11,576 t€58k––
14COBELFRET NVBulk carrier12,163 t€58k––
15EBE NVBulk carrier2983 t€27k––
16Dredging & Maritime ManagementOther128 t€2k––
17Dredging Environmental and marine engineering NVOffshore15148,337 t€0––
18Herbosch-Kiere NVOffshore1661 t€0––
19Neptune Marine Service BVOffshore14,475 t€0––
20BOSKALIS OFFSHORE FLEET MGMTOther839,860 t€0––
21De Bock Maritiem B.V.General cargo13,149 t€0––
22Golden Tide Ltd.Bulk carrier11,338 t€0––
23GOLDEN FREEZE LTD.Bulk carrier11,977 t€0––
Show by ISM company (DoC holder) instead of group
#OperatorMain segmentShipsunder BelgiumCO₂emitted, totalAllowancesEU ETS costvs segment medianlower is bettervs similar-size shipssame segment, lower is better
1Exmar Shipping BVGas carrier (LPG)853,999 t€1.6m−18%+27%
2CLDN FERRIES NVRo-ro121,036 t€1.0m––
3BOCIMAR INTERNATIONAL NVOil tanker224,547 t€665k––
4CMB TECH BELGIUM NVBulk carrier544,698 t€517k−3%+16%
5Golden John Ltd.Bulk carrier115,291 t€410k––
6A La Marine B.V.Container110,680 t€407k––
7CMB.TECH NVOil tanker27,780 t€217k––
8EXMAR Shipmanagement BVGas carrier (LPG)17,628 t€207k––
9Fast Lines Belgium NVGeneral cargo45,706 t€203k––
10Golden Grace Ltd.Bulk carrier17,450 t€186k––
11SOCIETE ALSACE CROISIERES S.A.-CROISIEUROPEPassenger14,571 t€162k––
12NYK LNG Shipmanagement (UK) Ltd.LNG carrier13,942 t€146k––
13CONTI-LINES NVBulk carrier14,261 t€129k––
14GOLDEN KSL SALVADOR LTD.Bulk carrier14,628 t€128k––
15CMB NVBulk carrier14,211 t€113k––
16Boeckmans Ship Management BVGeneral cargo11,576 t€58k––
17COBELFRET NVBulk carrier12,163 t€58k––
18EBE NVBulk carrier2983 t€27k––
19Dredging & Maritime ManagementOther128 t€2k––
20Dredging Environmental and marine engineering NVOffshore15148,337 t€0––
21Herbosch-Kiere NVOffshore1661 t€0––
22Neptune Marine Service BVOffshore14,475 t€0––
23De Bock Maritiem B.V.General cargo13,149 t€0––
24BOSKALIS OFFSHORE FLEET MGMTOther839,860 t€0––
25GOLDEN FREEZE LTD.Bulk carrier11,977 t€0––
26Golden Tide Ltd.Bulk carrier11,338 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 2025 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.