Navalyze · Bulk carrier · Ship

IONIAN BAY

IMO: 9747247
Type: Bulk carrier
Average cargo carried: 25,818 t
Flag (estimated): Malta
Port of registry: Valletta
Technical efficiency: EEDI 4.63 g CO₂/t·nm
Former names: HAMBURG PEARL

ISM company (DoC holder) in 2025: VICTORIA SHIP MANAGEMENT, INC. · part of Victoria Ship Management

Report year

2021 at a glance

From the 2021 THETIS-MRV report. Carries about 1,735 t of cargo on average.

Fuel kg/nm

87.9

CO₂ per transport work (cargo)

158

g CO₂/t·nm

Average speed

11.3 kn

Fuel per day at sea

23.9 t/day

Fuel consumed

1,632 t

CO₂ emitted

5,104 t

Distance sailed

18,568 nm

CO₂ ÷ CO₂ per mile

Time at sea

1,640 h

68 days, 19% of the year

Within the bulk carrier fleet, 2025

Set against all 3,611 bulk carrier ships with a full-year 2025 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 kg/nmThis ship 77.6 kg/nm · median 82.6 (−6%)

61.0Ranks 1,430 of 3,611, lowest first114

Average speedThis ship 9.4 kn · median 10.7 (−12%)

8.8Faster than 16% of bulk carrier ships11.8

CO₂ per transport work (cargo)This ship 9.46 g CO₂/t·nm · median 7.90 (+20%)

4.80Ranks 2,427 of 3,611, lowest first15.9

Middle 80% of shipsMiddle 50%Bulk carrier medianThis ship

Where the emissions happen, 2021

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 ports7%
From the EU36%
Into the EU53%
At berth in the EU4%

Fuel burned laden

85 t

5% of all fuel; 95% in ballast or unladen

CO₂ at berth

194 t

3.8% of the ship's CO₂, alongside in EU ports

Methane (CH₄)

–

Mainly from LNG; small for oil, biofuel and methanol

CO₂eq uplift

–

CO₂eq on top of CO₂ alone, from CH₄ and N₂O

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 kg/nm

IONIAN BAY
Bulk carrier median

70.075.080.085.090.095.0

’182018’192019’202020’212021’222022’232023’242024’252025

Average speed, kn

IONIAN BAY
Bulk carrier median

8.09.010.011.012.013.0

’182018’192019’202020’212021’222022’232023’242024’252025

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

IONIAN BAY
Bulk carrier median

6.08.010.012.014.0

’182018’192019’202020’222022’232023’242024’252025

Year on year

Year	Average speed	Fuel kg/nm	Fuel per day at sea	Distance	CO₂ per transport work	Reading
2024→2025	+0.5 kn	+3%	+9%	−45%	+14%	0.5 kn faster, fuel per mile up 3%; better than speed alone explains (hull, engine or trade).
2023→2024	−1.7 kn	+1%	−15%	+30%	−33%	1.7 kn slower, fuel per mile flat; worse than speed alone explains (fouling, weather, loading or trade).
2022→2023	−1.6 kn	−8%	−21%	+95%	+33%	1.6 kn slower, fuel per mile down 8%; worse than speed alone explains (fouling, weather, loading or trade).
2021→2022	+0.9 kn	−8%	−0%	−35%	–	0.9 kn faster, fuel per mile down 8%; better than speed alone explains (hull, engine or trade).
2020→2021	+2.7 kn	+13%	+49%	+91%	–	2.7 kn faster, fuel per mile up 13%; better than speed alone explains (hull, engine or trade).
2019→2020	−0.7 kn	−1%	−8%	+31%	−36%	0.7 kn slower, fuel per mile flat; worse than speed alone explains (fouling, weather, loading or trade).
2018→2019	+0.1 kn	−15%	−14%	−61%	+22%	Same speed, fuel per mile down 15%; 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	Hours at seah	Average speedknots at sea	Fuel kg/nmthis ship	CO₂ per transport work (cargo)g/t·nm, this ship	Laden fuel
2025part-year	VICTORIA SHIP MANAGEMENT, INC.	1,278	4,018	16,835	1,792	9.4	75.9	9.14	90%
2025	PIONEER MARINE HELLAS S.A.	1,321	4,157	17,021	1,808	9.4	77.6	9.46	87%
2024	VICTORIA SHIP MANAGEMENT, INC.	2,304	7,199	30,745	3,440	8.9	75.0	8.31	88%
2023	not published	1,759	5,498	23,619	2,229	10.6	74.5	12.4	85%
2022	not published	986	3,093	12,131	994	12.2	81.3	9.33	82%
2021	not published	1,632	5,104	18,568	1,640	11.3	87.9	158	5%
2020	not published	756	2,368	9,743	1,136	8.6	77.5	7.22	86%
2019	not published	579	1,833	7,419	800	9.3	78.1	11.4	65%
2018	not published	1,748	5,500	19,086	2,064	9.2	91.6	9.30	–

Benchmark and verification

Year	ISM company	CO₂ per TW, g CO₂/t·nm	Bulk carrier median	vs Bulk carrier	Rank	Verifier	Methods
2025part-year	VICTORIA SHIP MANAGEMENT, INC.	–	–	–	–	Bureau Veritas	C
2025	PIONEER MARINE HELLAS S.A.	9.46	7.90	+20%	2,427 of 3,611	Lloyd's Register	A
2024	VICTORIA SHIP MANAGEMENT, INC.	8.31	8.09	+3%	1,622 of 3,089	Bureau Veritas	B+C
2023	not published	12.4	8.27	+50%	2,828 of 3,548	Bureau Veritas	C
2022	not published	9.33	8.71	+7%	2,242 of 3,968	Bureau Veritas	C
2021	not published	–	–	–	–	Bureau Veritas	C
2020	not published	7.22	8.24	−12%	1,153 of 3,150	Bureau Veritas	C
2019	not published	11.4	8.38	+36%	2,567 of 3,360	Bureau Veritas	C
2018	not published	9.30	8.50	+9%	1,990 of 3,384	Bureau Veritas	–

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.