San Marino flag, 2025
Ships whose port of registry belongs to San Marino, 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
43
reporting to EU MRV
Emitted
77,499 t
CO₂, all ships under the flag
EU ETS allowances due
€2.1m
28,575 t of allowances at the chosen price
Largest operator: Elamira Maritime Ltd
€267k
4 ships, 12% of the flag's allowances
Ship types under this flag
CO₂ by segment.
- General cargo48,200 t
- Bulk carrier29,299 t
- Container0 t
Companies by EU ETS cost
The 28 operators with most EU ETS allowances due for their San Marino-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 San Marino | CO₂emitted, total | AllowancesEU ETS cost | vs segment medianlower is better | vs similar-size shipssame segment, lower is better |
|---|---|---|---|---|---|---|---|
| 1 | Elamira Maritime Ltd | General cargo | 4 | 8,375 t | €267k | – | – |
| 2 | seagoing maritime co | General cargo | 3 | 9,043 t | €199k | – | – |
| 3 | El Faro Shipping Ltd | Bulk carrier | 2 | 8,745 t | €168k | – | – |
| 4 | APOLLO SHIPMANAGEMENT LTD | General cargo | 1 | 5,688 t | €167k | – | – |
| 5 | M/S ELLI Schifffahrts- GmbH & Co. KG | General cargo | 1 | 2,715 t | €143k | – | – |
| 6 | Venexia Shipmanagement Ltd | Bulk carrier | 1 | 4,301 t | €138k | – | – |
| 7 | Perama Shipmanagement Ltd | General cargo | 1 | 3,515 t | €114k | – | – |
| 8 | Oceans Gate Shipmanagement Co | General cargo | 2 | 4,018 t | €93k | – | – |
| 9 | Mansour Management Gemi Acent | General cargo | 3 | 4,336 t | €90k | – | – |
| 10 | HLY Denizcilik Sanayi ve Tic | Bulk carrier | 2 | 5,338 t | €87k | – | – |
| 11 | Emerald Marine Shipping Management LTD | Bulk carrier | 1 | 4,529 t | €84k | – | – |
| 12 | Atak International Marine Services Tourism and Trade Ltd. Co. | General cargo | 1 | 2,017 t | €83k | – | – |
| 13 | MS "Mina" Schiffahrts GmbH & Co. KG | General cargo | 1 | 1,467 t | €73k | – | – |
| 14 | BSC Maritime ltd | General cargo | 1 | 2,252 t | €68k | – | – |
| 15 | HYDAR SHIPPING | General cargo | 2 | 1,776 t | €64k | – | – |
| 16 | EKMEN DENIZCILIK VE TICARET LTD. STI. | General cargo | 2 | 1,945 t | €63k | – | – |
| 17 | GROWTH SHIPPING LTD | General cargo | 1 | 847 t | €44k | – | – |
| 18 | GMZ SHIPMANAGEMENT CO.(HELLAS).SA | General cargo | 1 | 1,277 t | €41k | – | – |
| 19 | Oceans Gate Shipping Co | Bulk carrier | 2 | 1,500 t | €41k | – | – |
| 20 | Astro Marine LTD | Bulk carrier | 1 | 1,328 t | €38k | – | – |
| 21 | AYANA SHIPPING LTD | Bulk carrier | 1 | 913 t | €32k | – | – |
| 22 | Sonar Ships Management Co. | Bulk carrier | 2 | 769 t | €23k | – | – |
| 23 | Safe Sea Services Sarl | Bulk carrier | 1 | 525 t | €15k | – | – |
| 24 | AK GROUP CO. LTD | General cargo | 1 | 281 t | €8k | – | – |
| 25 | Elamira Greece Co. | Bulk carrier | 1 | 0 t | €0 | – | – |
| 26 | SQUARE SEAWAY LTD. | Container | 1 | 0 t | €0 | – | – |
| 27 | GARDA MARITIME CORP. | Container | 1 | 0 t | €0 | – | – |
| 28 | MONTEVIDEO SHIP MANAGEMENT LTD | Bulk carrier | 2 | 0 t | €0 | – | – |
Show by ISM company (DoC holder) instead of group
| # | Operator | Main segment | Shipsunder San Marino | CO₂emitted, total | AllowancesEU ETS cost | vs segment medianlower is better | vs similar-size shipssame segment, lower is better |
|---|---|---|---|---|---|---|---|
| 1 | Elamira Maritime Ltd | General cargo | 4 | 8,375 t | €267k | – | – |
| 2 | seagoing maritime co | General cargo | 3 | 9,043 t | €199k | – | – |
| 3 | El Faro Shipping Ltd | Bulk carrier | 2 | 8,745 t | €168k | – | – |
| 4 | APOLLO SHIPMANAGEMENT LTD | General cargo | 1 | 5,688 t | €167k | – | – |
| 5 | M/S ELLI Schifffahrts- GmbH & Co. KG | General cargo | 1 | 2,715 t | €143k | – | – |
| 6 | Venexia Shipmanagement Ltd | Bulk carrier | 1 | 4,301 t | €138k | – | – |
| 7 | Perama Shipmanagement Ltd | General cargo | 1 | 3,515 t | €114k | – | – |
| 8 | Oceans Gate Shipmanagement Co | General cargo | 2 | 4,018 t | €93k | – | – |
| 9 | Mansour Management Gemi Acent | General cargo | 3 | 4,336 t | €90k | – | – |
| 10 | HLY Denizcilik Sanayi ve Tic | Bulk carrier | 2 | 5,338 t | €87k | – | – |
| 11 | Emerald Marine Shipping Management LTD | Bulk carrier | 1 | 4,529 t | €84k | – | – |
| 12 | Atak International Marine Services Tourism and Trade Ltd. Co. | General cargo | 1 | 2,017 t | €83k | – | – |
| 13 | MS "Mina" Schiffahrts GmbH & Co. KG | General cargo | 1 | 1,467 t | €73k | – | – |
| 14 | BSC Maritime ltd | General cargo | 1 | 2,252 t | €68k | – | – |
| 15 | HYDAR SHIPPING | General cargo | 2 | 1,776 t | €64k | – | – |
| 16 | EKMEN DENIZCILIK VE TICARET LTD. STI. | General cargo | 2 | 1,945 t | €63k | – | – |
| 17 | GROWTH SHIPPING LTD | General cargo | 1 | 847 t | €44k | – | – |
| 18 | GMZ SHIPMANAGEMENT CO.(HELLAS).SA | General cargo | 1 | 1,277 t | €41k | – | – |
| 19 | Oceans Gate Shipping Co | Bulk carrier | 2 | 1,500 t | €41k | – | – |
| 20 | Astro Marine LTD | Bulk carrier | 1 | 1,328 t | €38k | – | – |
| 21 | AYANA SHIPPING LTD | Bulk carrier | 1 | 913 t | €32k | – | – |
| 22 | Sonar Ships Management Co. | Bulk carrier | 2 | 769 t | €23k | – | – |
| 23 | Safe Sea Services Sarl | Bulk carrier | 1 | 525 t | €15k | – | – |
| 24 | AK GROUP CO. LTD | General cargo | 1 | 281 t | €8k | – | – |
| 25 | Elamira Greece Co. | Bulk carrier | 1 | 0 t | €0 | – | – |
| 26 | SQUARE SEAWAY LTD. | Container | 1 | 0 t | €0 | – | – |
| 27 | GARDA MARITIME CORP. | Container | 1 | 0 t | €0 | – | – |
| 28 | MONTEVIDEO SHIP MANAGEMENT LTD | Bulk carrier | 2 | 0 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.