Emissions Winners, Losers on Far East to U.S. West Coast Trade
Xeneta returns this week with a second ranking of carrier carbon emissions, this time focused on the Far East to U.S. West Coast Trade.
"Why are we doing this? We want to shine a light on the importance of green shipping and spotlight the progress of carriers,” said Peter Sand, chief analyst, touting the results as "Name & Fame." Results are based on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI).
Q4'22 CEI Carrier Ranking - Far East to the US West Coast
In Q4 2022, the average speed increased a little, despite the weaker market conditions. The CEI rose by almost 15% because of this higher sailing speed and because ships were sailing with less cargo on board in Q4 than in Q3.
The average filling factor fell to 76.5% in Q4 2022, its lowest level since Q1 2020, when lockdowns in China dented demand. The best-performing carrier on this trade in Q4 2022 was HMM, scoring 27% better than the trade lane average.
This is the first quarter since Q3 2021 that HMM’s CEI is below the market average, let alone the best-performing carrier, but in Q4 2022, its filling factor was higher than the market average.