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Environmental, Social and Governance

Our commitment to environmental stewardship and sustainability is a fundamental part of who we are. As early adopters and signatories of the Sea Cargo Charter and Poseidon Principles, we strive to contribute meaningfully to industry-wide sustainability efforts.

OUR ENVIRONMENTAL COMMITMENT

EMISSIONS TRACKING AND ANALYSIS

At Nova Marine Carriers, our approach to emissions tracking is thorough and constant. Since 2021, the emissions of every voyage have been meticulously monitored. Our commitment is to pursue innovative ways to reduce our Energy Efficiency Operational Indicator (EEOI) and enhance our contribution to a cleaner environment.

VESSEL MAINTENANCE AND EFFICIENCY

Our fleet stands as a testament to our environmental commitment. Every vessel is equipped with top-tier anti-fouling paints and undergoes regular hull cleaning to ensure peak efficiency and a minimized ecological footprint. Beyond the hull, we conduct regular machinery maintenance and testing to optimize the lifespan of each component. We believe in the principle of sustainability: a component timely mended is one less needing manufacture. This philosophy not only extends the life of our equipment but also reduces our overall environmental impact by lessening the need for new parts.

INNOVATIVE TECHNOLOGY FOR EMISSION REDUCTION

Utilizing AI-powered weather routing software, we strategically navigate to avoid adverse weather conditions where fuel consumption is significantly higher. This proactive approach ensures that our vessels travel through calmer seas, optimizing fuel efficiency and reducing emissions per tonne-mile.

DATA SCIENCE AND FORECASTING

At Nova, our data scientists, in collaboration with our customer, shore personnel and seafarers, have developed a state-of-the-art system for forecasting emissions and related metrics. This system goes beyond current standards to not only predict but also actively mitigate our environmental impact. This forward-thinking approach allows us to continually refine our operations, leading to smarter, more sustainable shipping practices that benefit not only our business but also the broader maritime industry and the environment.

COMMERCIAL GUIDELINES WITH ECO CONSIDERATIONS

In our commercial operations, eco-efficiency is a key consideration. We have established internal guidelines that promote eco-speeds, significantly reducing emissions. This commitment to eco-friendly practices is integrated into our business strategy, reflecting our dedication to a more sustainable maritime industry.

SUSTAINABLE FLEET DEVELOPMENT

RESPONSIBLE NEWBUILDS

In line with our commitment to sustainability, our fleet renewal and expansion are guided by thoughtful consideration of the environmental impact. Our operational cement carriers, equipped with dual-fuel capabilities, represent our efforts to balance operational needs with environmental responsibility.

SUSTAINABLE SOURCING AND COLLABORATION

Collaboration is at the heart of our sustainable sourcing strategy. We actively work with bunker providers and partners to source and deliver biofuels, ensuring that our fleet operates on the most sustainable fuel options available. This approach not only reduces our environmental impact but also supports the development of greener fuel alternatives in the maritime sector.

ACCOUNTABILITY

ESG REPORTING AND TRANSPARENCY

Commitment to transparency and continuous improvement underpins our ESG efforts at Nova Marine Carriers. Our annual internal ESG reports, initiated in 2021, offer a comprehensive overview of our sustainability initiatives, performance metrics. Not only does it help to monitor the significant progress made but also helps to guide us towards our challenging environmental and social goals.

ENGAGEMENT WITH CHARTERERS AND CARGO OWNERS

Recognizing the growing importance of environmental accountability in maritime logistics, we implemented an internal emissions monitoring and reporting framework in February 2020. This initiative allows stakeholders to voluntarily receive detailed emissions reports, offering them a transparent view of the emissions associated with their cargo.

VISION FOR A SUSTAINABLE FUTURE

At Nova, our vision for a sustainable future in shipping extends beyond our immediate operations. We believe that real change in the industry is achievable through collaborative efforts. Hence, we actively engage with other shipowners, NGOs, and various maritime organizations to foster a collective approach to sustainability. This collaboration spans sharing best practices, developing joint initiatives, and supporting industry-wide environmental campaigns. We also maintain open communication with all of our stakeholders, as we recognize that the most impactful progress in sustainability will come from a united front. Join us as we navigate towards a greener horizon, working together for a more sustainable maritime industry.