India flag, 2025
Ships whose port of registry belongs to India, as estimated from the THETIS-MRV reports for 2025, and the companies operating them. Each company counts only its ships under this flag.
At a glance
Ships
18
reporting to EU MRV
Emitted
97,714 t
CO₂, all ships under the flag
EU ETS allowances due
€2.2m
29,403 t of allowances at the chosen price
Largest operator: The Great Eastern Shipping Co. Ltd.
€1.7m
11 ships, 77% of the flag's allowances
Ship types under this flag
CO₂ by segment.
- Oil tanker62,774 t
- Bulk carrier34,940 t
Companies by EU ETS cost
The 6 operators with most EU ETS allowances due for their India-flagged ships in 2025. Companies of one group are summed, as on the compare page; their ships under other flags are not counted here.
| # | Operator | Main segment | Shipsunder India | CO₂emitted, total | AllowancesEU ETS cost | vs segment medianlower is better | vs similar-size shipssame segment, lower is better |
|---|---|---|---|---|---|---|---|
| 1 | The Great Eastern Shipping Co. Ltd. | Oil tanker | 11 | 64,364 t | €1.7m | +2% | −1% |
| 2 | Five Stars Shipping Co. Pvt. Ltd | Bulk carrier | 3 | 12,201 t | €328k | – | – |
| 3 | Apeejay Shipping Limited | Bulk carrier | 1 | 2,865 t | €77k | – | – |
| 4 | M Pallonji Shipping Pvt Ltd, India | Oil tanker | 1 | 2,242 t | €62k | – | – |
| 5 | TW Ship Management Private Limited | Bulk carrier | 1 | 1,224 t | €32k | – | – |
| 6 | Seven Islands Shipping Ltd | Oil tanker | 1 | 14,819 t | €0 | – | – |
Show by ISM company (DoC holder) instead of group
| # | Operator | Main segment | Shipsunder India | CO₂emitted, total | AllowancesEU ETS cost | vs segment medianlower is better | vs similar-size shipssame segment, lower is better |
|---|---|---|---|---|---|---|---|
| 1 | The Great Eastern Shipping Co. Ltd. | Oil tanker | 11 | 64,364 t | €1.7m | +2% | −1% |
| 2 | Five Stars Shipping Co. Pvt. Ltd | Bulk carrier | 3 | 12,201 t | €328k | – | – |
| 3 | Apeejay Shipping Limited | Bulk carrier | 1 | 2,865 t | €77k | – | – |
| 4 | M Pallonji Shipping Pvt Ltd, India | Oil tanker | 1 | 2,242 t | €62k | – | – |
| 5 | TW Ship Management Private Limited | Bulk carrier | 1 | 1,224 t | €32k | – | – |
| 6 | Seven Islands Shipping Ltd | Oil tanker | 1 | 14,819 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.