We are back with another ranking of carrier carbon emissions based on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI). We like to call it "naming and faming". This week we are taking a look at the strong North Europe - US East Coast corridor.
The Carbon Emissions Index (CEI) by Xeneta and Marine Benchmark reached its highest level since Q2 2021 in Q4 2022 between North Europe and the US East Coast, hitting a score of 88.2. This represents an 11.8% improvement from Q1 2018, the second-best improvement across the 13 trades currently covered by the CEI.
Q4'22 CEI Carrier Ranking
North Europe to U.S. East Coast
|
RANKING |
CARRIER |
CEI SCORE |
| 1 | COSCO | 71.1 |
| 2 | OOCL | 76.8 |
| 3 | Evergreen | 78.3 |
| 8 | Maersk | 102.0 |
The increase in the average CO2 per ton emitted between North Europe and the US East Coast is largely due to a drop in the filling factor. Despite the fall in demand, the trans-Atlantic has not seen the large-scale removal of capacity by carriers as has been the case on other major trades.
In fact, the average size of ships deployed on this trade increased in Q4, this combined with falling container volumes led to an almost 8 percentage point drop in the average filling factor. It fell to 79.9% in Q4 2022, the first time it’s been below 80% on this trade since Q4 2019.
The most carbon-efficient carrier between North Europe and the US East Coast in Q4 2022 was COSCO.
In Q4 2022 COSCO’s average CO2 emissions for every tonne of cargo it carried was 19% below the average across all carriers on the trade. COSCO has been outperforming the trade lane average in terms of CO2 efficiency since Q1 2018, the earliest registered CEI. COSCO’s emissions in Q4 2022 were 21.1% lower than what they achieved in Q1 2018. Despite continuing to outperform the average on the trade lane, COSCO’s CEI score worsened in Q4 2022 compared to Q3, which as for the whole trade was largely due to a fall in the filling factor.
Get an honest view of carrier emissions
CEI data powered by Xeneta and Marine Benchmark makes no assumptions and is independent from carriers. It's sourced from AIS tracking of actual sailings, currently covering 13 of the world’s biggest trades, with more being added in the coming months. Find out how you can factor sustainability into your carrier selection and get a demo of the CEI here.
