Palau flag, 2025
Ships whose port of registry belongs to Palau, 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
98
reporting to EU MRV
Emitted
116,710 t
CO₂, all ships under the flag
EU ETS allowances due
€2.5m
33,091 t of allowances at the chosen price
Largest operator: merna navigation & international trans
€173k
1 ships, 7% of the flag's allowances
Ship types under this flag
CO₂ by segment.
- General cargo58,375 t
- Bulk carrier33,482 t
- Container12,833 t
- Ro-ro5,862 t
- Cruise3,018 t
- Other2,067 t
- Chemical tanker1,073 t
- Gas carrier (LPG)0 t
Companies by EU ETS cost
The 50 operators with most EU ETS allowances due for their Palau-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 Palau | CO₂emitted, total | AllowancesEU ETS cost | vs segment medianlower is better | vs similar-size shipssame segment, lower is better |
|---|---|---|---|---|---|---|---|
| 1 | merna navigation & international trans | Ro-ro | 1 | 5,862 t | €173k | – | – |
| 2 | London Tower Shipping SA | Bulk carrier | 2 | 5,779 t | €166k | – | – |
| 3 | OCEAN EAGLE SHIPPING & TRADING | General cargo | 3 | 5,576 t | €158k | – | – |
| 4 | THOR GEMI ISLETMECILIGI LIMITED SIRKETI | Cruise | 1 | 3,018 t | €116k | – | – |
| 5 | Neapoli Shipping Ltd | Bulk carrier | 1 | 3,202 t | €110k | – | – |
| 6 | PT. Pelayaran Andalas Bahtera Baruna | Other | 1 | 2,067 t | €109k | – | – |
| 7 | SKIPPER PLANET SHIPPING LTD | Bulk carrier | 1 | 2,779 t | €95k | – | – |
| 8 | Dtschart Ltd | General cargo | 4 | 7,821 t | €94k | – | – |
| 9 | LORD MARINE SA | Bulk carrier | 1 | 2,258 t | €90k | – | – |
| 10 | STRAIGHT SHIPPING COMPANY | General cargo | 2 | 2,846 t | €85k | – | – |
| 11 | SOHO MARINE S.A. | Bulk carrier | 1 | 2,900 t | €82k | – | – |
| 12 | NJ TRUST MARINE LTD | Bulk carrier | 4 | 2,609 t | €75k | – | – |
| 13 | SELINI SHIPPING CO LLC | Bulk carrier | 1 | 2,519 t | €73k | – | – |
| 14 | Vulcania Shipmanagement Srl | General cargo | 2 | 4,369 t | €63k | – | – |
| 15 | Hat Denizcilik Nakliyat ve Dis | General cargo | 1 | 1,867 t | €57k | – | – |
| 16 | A B DENIZCILIK VE TIC.LTD.STI. | General cargo | 2 | 1,533 t | €51k | – | – |
| 17 | ISTKUM DENIZCILIK INSAAT SANAYI VE TICARET AS | General cargo | 1 | 1,585 t | €49k | – | – |
| 18 | PACIFIC SHIPPING AND TRADING LTD | General cargo | 1 | 1,686 t | €49k | – | – |
| 19 | SCR Shipping Ltd | General cargo | 1 | 1,362 t | €46k | – | – |
| 20 | REK.NAV MANAGEMENT CO. LTD. | Bulk carrier | 1 | 1,404 t | €42k | – | – |
| 21 | EFRAMAR SHIPPING & MANAGEMENT LTD | General cargo | 1 | 1,090 t | €41k | – | – |
| 22 | NOURSEEN MARITIME LTD | Bulk carrier | 1 | 1,312 t | €38k | – | – |
| 23 | Shayarco SAL Offshore | Bulk carrier | 1 | 1,338 t | €37k | – | – |
| 24 | DALCO SHIPPING DENIZCILIK SANAYI VE TICARET LIMITED SIRKETI | Bulk carrier | 2 | 1,333 t | €37k | – | – |
| 25 | Romarine Europe Ltd | General cargo | 2 | 2,386 t | €36k | – | – |
| 26 | KIVA MARINE LTD | Bulk carrier | 1 | 1,204 t | €33k | – | – |
| 27 | YASMINA SHIPPING LTD | General cargo | 1 | 1,085 t | €33k | – | – |
| 28 | Pacific Light Operation & Ship Management LLC | Bulk carrier | 1 | 1,134 t | €32k | – | – |
| 29 | TQ Ship Management Denizcilik Ltd. Sti. | General cargo | 1 | 972 t | €31k | – | – |
| 30 | Ind Shipping Co | General cargo | 1 | 812 t | €31k | – | – |
| 31 | ARGO SHIPPING CO LTD-BUL | General cargo | 1 | 790 t | €31k | – | – |
| 32 | Gloria Private Enterprise Shipping Co. | General cargo | 1 | 1,021 t | €28k | – | – |
| 33 | Black Sea Shipping Management | General cargo | 2 | 908 t | €26k | – | – |
| 34 | Broadway Marine Ltd | General cargo | 1 | 716 t | €21k | – | – |
| 35 | PARADIS GEMI ISLETME KIRALAMA ACENTELIK HIZMETLERI TIC.LTD.STI. | General cargo | 1 | 713 t | €21k | – | – |
| 36 | PULY MARINE & LOGISTICS LTD. | General cargo | 1 | 549 t | €20k | – | – |
| 37 | Hamburg Shipping Co Ltd | General cargo | 1 | 517 t | €20k | – | – |
| 38 | LIPSOS BULK CARRIERS DENIZCILIK VE TIC.A.S. | General cargo | 1 | 532 t | €19k | – | – |
| 39 | AHM SHIPPING LTD | Bulk carrier | 1 | 595 t | €17k | – | – |
| 40 | Four Group Denizcilik AS | General cargo | 1 | 520 t | €17k | – | – |
| 41 | Treymen Progress LLC | Chemical tanker | 2 | 1,073 t | €16k | – | – |
| 42 | Kodiak Shipping Co | General cargo | 2 | 791 t | €15k | – | – |
| 43 | PROSPERITAS SHIPPING LTD. | General cargo | 1 | 462 t | €14k | – | – |
| 44 | Aegean Sun Shipping Corp | General cargo | 1 | 421 t | €14k | – | – |
| 45 | SARA RS LTD. | General cargo | 1 | 479 t | €13k | – | – |
| 46 | RIVERWIND TRADE LTD. | General cargo | 2 | 443 t | €12k | – | – |
| 47 | NOVA INC | General cargo | 1 | 3,266 t | €11k | – | – |
| 48 | Palmali Gemicilik ve Acentelik A.S. | General cargo | 1 | 365 t | €10k | – | – |
| 49 | Retro Management Ltd | General cargo | 1 | 248 t | €7k | – | – |
| 50 | GARGANEY MARITIME INC | General cargo | 1 | 1,535 t | €7k | – | – |
Show by ISM company (DoC holder) instead of group
| # | Operator | Main segment | Shipsunder Palau | CO₂emitted, total | AllowancesEU ETS cost | vs segment medianlower is better | vs similar-size shipssame segment, lower is better |
|---|---|---|---|---|---|---|---|
| 1 | merna navigation & international trans | Ro-ro | 1 | 5,862 t | €173k | – | – |
| 2 | London Tower Shipping SA | Bulk carrier | 2 | 5,779 t | €166k | – | – |
| 3 | OCEAN EAGLE SHIPPING & TRADING | General cargo | 3 | 5,576 t | €158k | – | – |
| 4 | THOR GEMI ISLETMECILIGI LIMITED SIRKETI | Cruise | 1 | 3,018 t | €116k | – | – |
| 5 | Neapoli Shipping Ltd | Bulk carrier | 1 | 3,202 t | €110k | – | – |
| 6 | PT. Pelayaran Andalas Bahtera Baruna | Other | 1 | 2,067 t | €109k | – | – |
| 7 | SKIPPER PLANET SHIPPING LTD | Bulk carrier | 1 | 2,779 t | €95k | – | – |
| 8 | Dtschart Ltd | General cargo | 4 | 7,821 t | €94k | – | – |
| 9 | LORD MARINE SA | Bulk carrier | 1 | 2,258 t | €90k | – | – |
| 10 | STRAIGHT SHIPPING COMPANY | General cargo | 2 | 2,846 t | €85k | – | – |
| 11 | SOHO MARINE S.A. | Bulk carrier | 1 | 2,900 t | €82k | – | – |
| 12 | NJ TRUST MARINE LTD | Bulk carrier | 4 | 2,609 t | €75k | – | – |
| 13 | SELINI SHIPPING CO LLC | Bulk carrier | 1 | 2,519 t | €73k | – | – |
| 14 | Vulcania Shipmanagement Srl | General cargo | 2 | 4,369 t | €63k | – | – |
| 15 | Hat Denizcilik Nakliyat ve Dis | General cargo | 1 | 1,867 t | €57k | – | – |
| 16 | A B DENIZCILIK VE TIC.LTD.STI. | General cargo | 2 | 1,533 t | €51k | – | – |
| 17 | ISTKUM DENIZCILIK INSAAT SANAYI VE TICARET AS | General cargo | 1 | 1,585 t | €49k | – | – |
| 18 | PACIFIC SHIPPING AND TRADING LTD | General cargo | 1 | 1,686 t | €49k | – | – |
| 19 | SCR Shipping Ltd | General cargo | 1 | 1,362 t | €46k | – | – |
| 20 | REK.NAV MANAGEMENT CO. LTD. | Bulk carrier | 1 | 1,404 t | €42k | – | – |
| 21 | EFRAMAR SHIPPING & MANAGEMENT LTD | General cargo | 1 | 1,090 t | €41k | – | – |
| 22 | NOURSEEN MARITIME LTD | Bulk carrier | 1 | 1,312 t | €38k | – | – |
| 23 | Shayarco SAL Offshore | Bulk carrier | 1 | 1,338 t | €37k | – | – |
| 24 | DALCO SHIPPING DENIZCILIK SANAYI VE TICARET LIMITED SIRKETI | Bulk carrier | 2 | 1,333 t | €37k | – | – |
| 25 | Romarine Europe Ltd | General cargo | 2 | 2,386 t | €36k | – | – |
| 26 | KIVA MARINE LTD | Bulk carrier | 1 | 1,204 t | €33k | – | – |
| 27 | YASMINA SHIPPING LTD | General cargo | 1 | 1,085 t | €33k | – | – |
| 28 | Pacific Light Operation & Ship Management LLC | Bulk carrier | 1 | 1,134 t | €32k | – | – |
| 29 | TQ Ship Management Denizcilik Ltd. Sti. | General cargo | 1 | 972 t | €31k | – | – |
| 30 | Ind Shipping Co | General cargo | 1 | 812 t | €31k | – | – |
| 31 | ARGO SHIPPING CO LTD-BUL | General cargo | 1 | 790 t | €31k | – | – |
| 32 | Gloria Private Enterprise Shipping Co. | General cargo | 1 | 1,021 t | €28k | – | – |
| 33 | Black Sea Shipping Management | General cargo | 2 | 908 t | €26k | – | – |
| 34 | Broadway Marine Ltd | General cargo | 1 | 716 t | €21k | – | – |
| 35 | PARADIS GEMI ISLETME KIRALAMA ACENTELIK HIZMETLERI TIC.LTD.STI. | General cargo | 1 | 713 t | €21k | – | – |
| 36 | PULY MARINE & LOGISTICS LTD. | General cargo | 1 | 549 t | €20k | – | – |
| 37 | Hamburg Shipping Co Ltd | General cargo | 1 | 517 t | €20k | – | – |
| 38 | LIPSOS BULK CARRIERS DENIZCILIK VE TIC.A.S. | General cargo | 1 | 532 t | €19k | – | – |
| 39 | AHM SHIPPING LTD | Bulk carrier | 1 | 595 t | €17k | – | – |
| 40 | Four Group Denizcilik AS | General cargo | 1 | 520 t | €17k | – | – |
| 41 | Treymen Progress LLC | Chemical tanker | 2 | 1,073 t | €16k | – | – |
| 42 | Kodiak Shipping Co | General cargo | 2 | 791 t | €15k | – | – |
| 43 | PROSPERITAS SHIPPING LTD. | General cargo | 1 | 462 t | €14k | – | – |
| 44 | Aegean Sun Shipping Corp | General cargo | 1 | 421 t | €14k | – | – |
| 45 | SARA RS LTD. | General cargo | 1 | 479 t | €13k | – | – |
| 46 | RIVERWIND TRADE LTD. | General cargo | 2 | 443 t | €12k | – | – |
| 47 | NOVA INC | General cargo | 1 | 3,266 t | €11k | – | – |
| 48 | Palmali Gemicilik ve Acentelik A.S. | General cargo | 1 | 365 t | €10k | – | – |
| 49 | Retro Management Ltd | General cargo | 1 | 248 t | €7k | – | – |
| 50 | GARGANEY MARITIME INC | General cargo | 1 | 1,535 t | €7k | – | – |
- 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.