- Stringent regulations on speed, routes, greenhouse gases, emissions, and waste recycling.
- Customer carbon footprint requirements.
- Persistent high temperatures impacting port operations and labor safety.
- Potential power shortages.
- Increased likelihood of extreme weather events.
新興航運股份有限公司 SINCERE NAVIGATION CORPORATION
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, 新興航運股份有限公司 SINCERE NAVIGATION CORPORATION disclosed greenhouse gas emissions of 276.2K tCO2e/year. By scope: Scope 1: 276.2K tCO2e/year; Scope 2: 22 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
276.2K tCO2e/year
2023
Waste
1.4K tons/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 276.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 22 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced CO2 emission by more than 10% through investments in Mewis duct, propeller boss cap fins (PBCF), and silicon paint on hulls of VLCCs and Capesize bulk carriers.
- Fleet renewal program with the sale of Huang Shan and replacement with two fuel-efficient Kamsarmax bulk carriers.
- Partnership with StormGeo for independent third-party monitoring of vessel emissions and weather routing optimization.
- Participation in the ECHO Program, reducing underwater sound intensity by up to 50% and localized air emissions by 25%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce carbon emissions by 9%
- Reduce IMO group carbon emission by 9%
📅 Medium-term
- Reduce carbon emissions by 40%
- Achieve 40% green energy
- Reduce IMO group carbon emission by 40%
🔭 Long-term
- Net-zero carbon emissions
- Achieve 100% green energy
- Reduce IMO group carbon emission by 70%
🌱 ESG Focus Areas
Climate ChangeEnvironmentSocialGovernance