Quality Assurance
Energy Efficiency Existing Ship Index (EEXI)
Energy Efficiency Measurement
A calculated score to measure the overall energy efficiency of a vessel's design.
Retrospective Application
Similar to EEDI, but applied retrospectively to all existing vessels.
Carbon Intensity Metric
Measured in grams of CO₂ per ton-nautical mile (gCO₂/t.Nm).
Efficiency Indicator
The smaller the EEXI value, the more energy efficient the vessel design.
IMO Requirements
The International Maritime Organization has agreed on amendments to MARPOL that require all vessels above 400 Gross Tonnage to comply with the following:
- Calculate the EEXI and develop an EEXI technical file for the vessel
- Have the calculation verified by the Flag Administration or a Recognised Organisation
- Ensure the Attained EEXI is below the Required EEXI as defined by vessel type and size
- Have the Energy Efficiency Certificate (IEEC) re-issued
Note: If the vessel's Attained EEXI exceeds the Required EEXI, the vessel will likely require additional technology installation to reduce the Attained EEXI and maintain compliance.
Implementation Timeline
The EEXI calculation must be completed and the technical file approved by the Recognised Organisation by the vessel's first annual, intermediate, or full renewal of the Air Pollution Prevention Certificate after January 1st, 2023.
Initial Compliance Deadline
Full Implementation
Net Zero Target
EEXI Improvement Options
Several technologies and operational measures can be implemented to improve a vessel's EEXI rating. The following options represent common approaches with estimated investment ranges:
Code of Ethics
Our company is strongly committed to promoting honest and ethical business conduct by all employees and to complying with laws governing our business operations worldwide. We believe that a commitment to honesty, ethical conduct, and integrity builds trust with our customers, suppliers, employees, shareholders, and the communities in which we operate.
To implement this commitment, we have developed a comprehensive code of business ethics and conduct. This code is designed to deter wrongdoing and promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.
A complete copy of our code of ethics is available upon request. All employees are expected to familiarize themselves with the code and conduct their activities in accordance with its principles.
Social Responsibility
We are committed to providing our community and employees with the necessary tools and support to ensure that our collective efforts build a better and brighter future for all. We strongly believe that we are part of a great maritime tradition that has consistently contributed its best to the global community.
Principles such as safety first, environmental sensitivity, giving back to the community, and building solid professionalism in our workforce have withstood the test of time. We continue our efforts to uphold and advance these values.
