Navalyze · Bulk carrier · Ship

PANAGIOTIS

IMO: 9461063
Type: Bulk carrier
Average cargo carried: 50,586 t
Port of registry: Majuro
Technical efficiency: EEXI 3.51 g CO₂/t·nm

ISM company (DoC holder) in 2025: EMPIRE BULKERS LTD

Report year

2024 at a glance

From the 2024 THETIS-MRV report. Carries about 50,586 t of cargo on average.

Fuel per mile

129.9 kg/nm

Bulk carrier median 84.6 kg/nm (+54%)

CO₂ per transport work (cargo)

8.04

g CO₂/t·nm · Bulk carrier median 8.09 (−1%)

Average speed

8.7 kn

Bulk carrier median 10.6 kn (−18%)

Fuel per day at sea

27.2 t/day

Fuel consumed

1,576 t

CO₂ emitted

4,935 t

5,012 t CO₂eq incl. CH₄ and N₂O

Distance sailed

12,134 nm

CO₂ ÷ CO₂ per mile

Time at sea

1,390 h

58 days, 16% of the year

Within the bulk carrier fleet, 2024

Set against all 3,089 bulk carrier ships with a full-year 2024 report. Bigger ships burn more per mile but less per tonne of cargo, so read fuel per mile with the ship's size in mind.

Fuel per mileThis ship 129.9 kg/nm · median 84.6 (+54%)

61.8Ranks 2,860 of 3,089, lowest first119.4

Average speedThis ship 8.7 kn · median 10.6 (−18%)

8.8Faster than 10% of bulk carrier ships11.8

CO₂ per transport work (cargo)This ship 8.04 g CO₂/t·nm · median 8.09 (−1%)

4.85Ranks 1,523 of 3,089, lowest first15.76

Middle 80% of shipsMiddle 50%Bulk carrier medianThis ship

Where the emissions happen, 2024

THETIS splits each ship's CO₂ by voyage type. The split sets how much falls under the EU ETS: all of it within the EU and at berth, half of it on voyages into or out of the EU.

Between EU ports0%
From the EU28%
Into the EU70%
At berth in the EU2%

51% of this ship's CO₂ falls under the EU ETS (2,515 t).

Fuel burned laden

–

Not reported

CO₂ at berth

1.9%

Alongside in EU ports

Methane (CH₄)

0.1 t

Mainly from LNG; small for oil

CO₂eq ÷ CO₂

1.016

Uplift from CH₄ and N₂O, counted in full from 2026

Over the years

Full-year reports only. The Bulk carrier median is the middle ship of all bulk carrier ships reporting that year; it moves with the fleet, so a ship can gain on it without changing itself.

Fuel per mile, kg/nm

PANAGIOTIS
Bulk carrier median

80.0100.0120.0140.0

’182018’192019’202020’212021’222022’232023’242024

Average speed, kn

PANAGIOTIS
Bulk carrier median

8.09.010.011.012.0

’182018’192019’202020’212021’222022’232023’242024

CO₂ per transport work (cargo), g CO₂/t·nm

PANAGIOTIS
Bulk carrier median

5.07.510.012.515.0

’182018’192019’202020’212021’222022’232023’242024

Year on year

Year	Speed	Fuel per mile	Fuel per day	Distance	CO₂ per TW	Reading
2023→2024	−2.9 kn	+27%	−5%	−48%	−41%	2.9 kn slower, fuel per mile up 27%; worse than speed alone explains (fouling, weather, loading or trade).
2022→2023	+2.6 kn	−24%	−1%	+114%	+63%	2.6 kn faster, fuel per mile down 24%; better than speed alone explains (hull, engine or trade).
2021→2022	−1.6 kn	+16%	−2%	−42%	+56%	1.6 kn slower, fuel per mile up 16%; worse than speed alone explains (fouling, weather, loading or trade).
2020→2021	+2.2 kn	−17%	+5%	+361%	−35%	2.2 kn faster, fuel per mile down 17%; better than speed alone explains (hull, engine or trade).
2019→2020	−2.6 kn	+17%	−11%	−63%	−29%	2.6 kn slower, fuel per mile up 17%; worse than speed alone explains (fouling, weather, loading or trade).
2018→2019	+0.8 kn	+3%	+10%	−48%	+54%	0.8 kn faster, fuel per mile up 3%; better than speed alone explains (hull, engine or trade).

Part-year reports are left out of these comparisons. Fuel per mile rises roughly with the square of speed for a given ship, so a change in speed explains much of a change in fuel per mile.

Every reporting year

One row per THETIS-MRV report. A ship that changed operator during a year has a part-year report for each.

Operation

Year	ISM company	Fuel t	CO₂ t	Distance nm	At sea h	Speed kn	Fuel kg/nm	CO₂ g/t·nm	Laden fuel
2025part-year	EMPIRE BULKERS LTD	0	0	–	0	–	–	–	–
2024	EMPIRE BULKERS LTD	1,576	4,935	12,134	1,390	8.7	129.9	8.04	–
2023	not published	2,409	7,608	23,511	2,028	11.6	102.5	13.62	–
2022	not published	1,473	4,657	10,983	1,222	9.0	134.1	8.34	–
2021	not published	2,214	7,003	19,084	1,792	10.6	116.0	5.33	–
2020	not published	580	1,848	4,141	494	8.4	140.0	8.24	–
2019	not published	1,349	4,231	11,261	1,025	11.0	119.8	11.56	–
2018	not published	2,522	7,971	21,596	2,115	10.2	116.8	7.50	–

Benchmark and verification

Year	ISM company	CO₂ per TW, g CO₂/t·nm	Bulk carrier median	vs Bulk carrier	Rank	Verifier	Methods
2025part-year	EMPIRE BULKERS LTD	–	–	–	–	DNV	B
2024	EMPIRE BULKERS LTD	8.04	8.09	−1%	1,523 of 3,089	DNV	B
2023	not published	13.62	8.27	+65%	2,980 of 3,548	DNV	B
2022	not published	8.34	8.71	−4%	1,809 of 3,968	DNV	B
2021	not published	5.33	8.57	−38%	371 of 3,466	DNV	B
2020	not published	8.24	8.24	+0%	1,575 of 3,150	ABS	B
2019	not published	11.56	8.38	+38%	2,604 of 3,360	ABS	B
2018	not published	7.50	8.50	−12%	1,272 of 3,384	ABS	B

Fuel per mile and CO₂ per tonne-mile are the ship's own reported KPIs. Bulk carrier ships are benchmarked on CO₂ per transport work (cargo) (TW), in g CO₂/t·nm. CO₂eq adds methane and nitrous oxide and is in the public files from 2024. Rank counts from the lowest figure among that year's bulk carrier ships. Methods: A delivery notes, B tank monitoring, C flow meters, D direct measurement. FuelEU GHG intensity is not shown: it needs fuel types, which the public file does not carry. Operators are named only from 2024, the first year the public files carry them; earlier years belong to the ship, not to any company.