Introducing Xeneta and Marine Benchmark’s Q2’23 Carbon Emission Index (CEI) edition, focusing on the Far East to South American East Coast route. PIL retains its lead with a remarkable score of 69.5, surpassing the trade average by 19% as in Q1.
Q2’23 CEI Carrier Ranking
Far East – S. America East Coast
| RANKING | CARRIER | CEI SCORE |
| 1 | PIL | 69.5 |
| 2 | Yang Ming | 71.7 |
| 3 | Hapag-Lloyd | 72.2 |
| 12 | HMM | 99.2 |
In Q2’2023, PIL’s consistent success in the CEI index on this route continued. This achievement can be attributed to factors like reduced speed (14.7 knots, 1.1 knots below Q2’s average), younger vessel age (2.5 years less than average), and a growing filling factor. PIL maintained over 85% filling factor since Q3’2020, reaching 90% in Q2’2023 despite deploying larger ships than the trade average.
Q2’2023 marked the route’s highest CEI performance at 85.4 index points, attributed to factors including record-low average speeds (15.6 in Q1’2023 and 15.8 knots in Q2’2023) and improved capacity management with slightly decreased average ship size but increased filling factor.
According to CTS data, Q2 saw a consistent 21.6% YoY volume increase within this trade lane, potentially impacting the filling factor. Some carriers opted for smaller vessels, boosting capacity use and carbon footprint. Larger ships help the carbon footprint when utilized effectively, as seen here.
Stay tuned for more insights on carriers’ eco-friendly initiatives and their supply chain benefits. In the coming weeks, we’ll explore significant trade routes and their roles in promoting maritime sustainability.
Carrier Emissions
Stay ahead in sustainable shipping choices with Xeneta and Marine Benchmark’s reliable Carbon Emissions Index (CEI) data. Our independent index offers accurate insights, powered by real-time AIS tracking on 48 global trade routes (and more coming soon). Say no to outdated info – schedule a CEI demo now for intelligent shipping decisions.
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Source: Xeneta
