Exceptional Pool Fleet Performance: A Benchmark for Success

In a competitive maritime landscape, Signal sets a high standard not only through the performance of the Pool’s fleet but also by upholding values that guide responsible business practices. Historically, Signal has achieved significant over performance relative to the market average and peers, while maintaining a transparent operational approach.

Since its inception in 2018, Signal’s Aframax Pool has managed to outperform the average of peers by 2,400 $/day and 1-year Time Charter rates by 3,100 $/day. Signal’s Aframax Pool has achieved a TCE performance (net of any pool commissions) of 29,400 $/day since 2018, with 2023 and 2024 standing at 51,600 $/day and 37,000 $/day respectively.

These impressive figures are backed by Signal’s analytically-driven global trading strategies, cutting-edge pool infrastructure, and strong relationships with top-tier oil majors and traders. This combination highlights the tangible value created for Pool Partners, even in complex and competitive markets. But Signal’s commitment doesn’t stop there. Performance metrics are not just about spot performance, they’re also about sustainability and compliance with regulations.

Adapting to CII, EU ETS and Fuel EU Emissions Regulations

As the maritime industry undergoes a profound transformation toward greater sustainability, compliance with frameworks such as the Carbon Intensity Indicator (CII), the EU ETS and the recently launched Fuel EU regulations has become essential. Signal recognises this new norm and has positioned its brand as a leader in supporting this transition through comprehensive operational strategies and systems.

CII Compliance and Commitment

More than 90% of the fleet managed by Signal, traded for at least nine months in the Pool, has achieved a CII rating of C or higher for 2024, reflecting Signal’s commitment to balancing sustainability and operational excellence.

By leveraging predictive analytics and optimising vessel operations, ranging from speed adjustments to energy-efficient routing, Signal ensures compliance, while maintaining competitive performance in the market.

Signal is the only Pool and one of the few commercial operators that commit to redeliver a vessel with a CII rating of C or higher.

EU ETS handling

Signal actively contributes to the EU’s goal of achieving climate neutrality by 2050, with transparent and consistent methods for monitoring and reporting emissions under the EU ETS.

More specifically Signal provides:

• Proactive vessel monitoring: Overseeing vessel performance to ensure regulatory compliance while optimising profitability for the Pool and safeguarding the interests of the Partners
• Post-Voyage EUA management: Handling the calculation, validation, purchase and transfer of EUA units, on behalf of the Partners, streamlining their administrative workload and ensuring smooth compliance with EU regulations
• Equitable Cost Distribution: Signal’s “ EUA Adjustment” system allocates costs fairly, incentivising efficiency and supporting Chartering decisions

Fuel EU Emissions Readiness

Signal’s proactive approach to the Fuel EU regulations includes thorough research, data collection, and evaluation of compliance options, such as penalties, biofuels, and collaboration with third-party emission pools. After engaging with several emission pools, Signal shortlisted two that align best with our goals and operations.

Internally, Signal has developed monitoring tools and has streamlined processes to manage compliance across all stages:

• Pre-fixing arrangements to ensure regulatory alignment
• Real-time monitoring during voyage execution to address any issues proactively
• Post-fixture assessments to refine and enhance our practices

Leading the Industry Forward

Signal’s Pool fleet stands as a benchmark of what’s achievable in today’s maritime industry. By blending top-tier performance with a steadfast commitment to regulations, Signal is not only navigating today’s challenges but also shaping the industry’s future.

Signal has developed an innovative energy monitoring solution that processes noon reports and provides live insights into vessel energy performance, voyage emissions, and regulatory compliance. This tool enables real-time tracking of emissions, CII progression, and FuelEU compliance, including analytics like fuel mix monitoring to meet FuelEU milestones, all without requiring additional installation.

Signal’s innovative services and tools represent a commitment to maritime sustainability and efficiency without penalising performance, setting a new benchmark for accountability in maritime operations.

Source: Signal Ocean