Safe Bulkers has made progress in improving its emissions profile, achieving a -7.42% reduction in AER. This has been achieved by maintaining our carbon footprint unchanged, increasing the fleet’s transport work by 8.40% compared to last year.
Safe Bulkers average annual CII is maintained below the IMO required average CII for the 5th consecutive year since the IMO Data Collecting System came to force in 2019. We aim to set the standard for compliance with forthcoming international regulations and surpass the required AER levels.
IMO Carbon Intensity Indicators (CII) are related to a large extent to the size of the vessel, thus a larger vessel has inherently lower CII.
As a result, further analysis per vessel type is required in order to isolate and assess the actual improvements or variations of CO2 emissions from year to year.
Scope 1 emissions of our Company and energy use per fuel type is shown in the tables below:
We have achieved full compliance with the IMO DCS and the EU MRV regulations. We monitor our consumption emission footprint through a standardized, strict and structured process to ensure consistency and accuracy in our reporting. In addition, our vessels sailing from and to EU ports are subject to third-party verification by an accredited verifier.