Drawing on our Natural Capital

We recognise our responsibility to reduce the impact of our operations on air, sea and land. One of the ways we do this is by our efficient operation of modern ships designed and equipped for efficiency. In 2015, we added six modern ships to our fleet on the water, bringing the average age of our owned ships to eight years. 13 further ships remain contracted to deliver into our owned fleet in the next two years – all efficient and of the best design for our trades.

We also make use of a number of technological and operational measures to minimise our ships’ fuel consumption and emissions.

Key Performance Indictors

CO2 Emissions

Our fleet’s carbon emissions in 2015 increased 16% to 10.7 grams of CO2 per tonne-mile, as calculated using the industry-standard ship Energy Efficiency Operational Indicator (EEOI) method. The increase was primarily due to lower fuel prices triggering a global increase in average ship operating speeds especially in the third quarter.

Our average operating speeds continued to be optimised by our proprietary Right Speed Programme based on prevailing freight rates and fuel prices. We continued to apply technologies and practices that we implemented in earlier years to minimise our fuel consumption and emissions, and benefitted from the delivery into our fleet of six new ships of efficient design.


Our aim in 2016 is to achieve an EEOI of less than 10.5, which will essentially seek to maximise cargo carried per tonne of energy consumed.

Environmental Pollution Incidents

In 30,500 ship days in 2015, our owned fleet committed no marine pollution violations. This performance is indicative of the pro-active culture of safety and quality on our ships, our Pacific Basin Management System which prescribes strict system controls and procedural safeguards to prevent fuel spillage, and the high standard of professionalism of our seafarers.


We aim to not have any no pollution incidents.

Sustainability > CSR > Environment

See more on how we tackle our environmental responsibilities

We also disclose our carbon footprint data through:

  • the Carbon Footprint Repository (CFR) developed by Hong Kong’s Environment Bureau for listed companies in Hong Kong; and
  • the HKQAA Sustainability Rating and Research for the Hang Seng Corporate Sustainability Index Series in which we achieved an “A” rating on a scale of AAA to D.

Additional Environmental Performance Indicators

The following environmental metrics quantify other material emissions, discharges and impacts from our operations. We have tracked these for several years and they represent normal, efficient operations.


Emissions (owned fleet)
At Sea
Ships in owned fleet (average)ships4346618084
CO2 (Scope 1 emissions from our owned dry bulk fleet)metric tonnes616,300528,300705,100902,0001,043,000
Chlorofluorocarbons ("CFCs")kg/month0.910.500.580.450.30
On Shore
CO2 (Scope 2+3 emissions from headquarter activities*)metric tonnesn/a1,2601,2691,2931,329
Fuel Purchased (owned & chartered fleet)
Heavy fuel oilmetric tonnes541,700583,600716,000727,400749,700
Low sulphur fuel oilmetric tonnes10,20033,20069,50061,7000
Low sulphur marine gas oil (& diesel prior to 2015)metric tonnes8,86010,10011,50020,60069,200
Garbage landedm3/month/ship1.732.614.033.572.63
Garbage discharged to sea (foodwaste + cargo residue)m3/month/ship3.953.761.641.581.18
Engine room bilge water discharged to seam3/month/ship9.4210.108.717.978.44
Sludge incineratedm3/month/ship3.363.212.532.262.14

The primary environmental impacts of shipping are emissions and discharges. At sea and in port, these outputs are substantially all regulated and compliance is enforced across international, regional and local jurisdictions. Our Pacific Basin Management System is designed to measure and continually improve every aspect of fleet operations, including these outputs.

In 2015, we purchased significantly more low sulphur marine gas oil (and no low sulphur fuel oil or marine diesel oil) in order to meet new emission regulations limiting fuel sulphur content to no more than 0.1% in designated emission control areas where our ships frequently trade.

The availability of cleaner fuels led to reduced sludge incineration. We have further reduced our total garbage generation by requesting our suppliers deliver goods with less packaging coupled with a long-standing programme of compaction on board prior to landing ashore.

Reduced refrigeration machinery leakage resulted in less release of Chlorofluorocarbons.

www.pacificbasin.com Sustainability > CSR > Environment

Key inputs and outputs of our ships and our ship-based environmental initiatives

Our EEOI and other environmental and safety KPI data in this report has been measured or calculated in accordance with industry standards, and has been audited by Lloyd’s Register Quality Assurance for ISO9001, ISO14001 and OHSAS18001 certification.

Progress Ashore

Across our offices, we do what we reasonably can to minimise our footprint by addressing environmental elements that are within our control.

Pacific Basin was awarded a Gold Label (2014: Silver) in the WWF’s Low-carbon Office Operation Programme that measures and tracks outputs and Energy Consumption from our headquarters in Hong Kong. An independent audit of our environmental performance determined that our office in Hong Kong (where 60% of our shore-based staff work) produced carbon emissions of 1,329 metric tonnes for the 2014/2015 audit year.

Our Hong Kong headquarters’ carbon intensity in 2015 reduced to 6.6 tonnes CO2 per employee.

Environmental Awareness Ashore

In September, Pacific Basin funded an educational boat tour for staff called “Plastics in the Ocean: Become Part of the Solution”. Organised by the Hong Kong Maritime Museum and Ocean Recovery Alliance, the tour informed participants about marine litter, how microplastics enter the food chain and the impact on the local and global ecosystem. Hands-on activities included visual surveys, water samplings and an opportunity to learn more about Hong Kong’s aquatic issues and positive trends.

My Annual Report

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