- Failure to comply with IMO regulations (CII and EEXI).
- Climate change impact on weather (hurricanes).
- Inconsistencies in data collection and measuring capabilities.
- Industry-wide seagoing labor shortage.
- Cybersecurity threats.
Overseas Shipholding Group, Inc.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Overseas Shipholding Group, Inc. disclosed greenhouse gas emissions of 477.3K MT CO2e. By scope: Scope 1: 477.3K MT CO2e. 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
477.3K MT CO2e
2022
📊 Emissions by Scope (2022)
| 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). | 477.3K MT CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Zero cargo spills to sea.
- Completed installation of ballast water treatment systems for the entire fleet.
- Over 80% of fuel consumed was ultra-low sulfur fuel oil (ULSFO).
- Reduced CO2 emissions per mile run by ~7% on the Overseas Long Beach after hull cleaning and new antifouling paint application.
- 2% to 5% improvement in hull performance on two vessels using robotic hull grooming.
🎯 Climate & Sustainability Targets
🔜 Short-term
- 10% fuel reduction by 2025
📅 Medium-term
- 15% emissions reduction by 2030
🌱 ESG Focus Areas
EnvironmentalSocialGovernance