We have returned with the latest information regarding carbon emissions from shipping carriers operating between the Mediterranean and the Far East. This update is based on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI), and which we fondly refer to as "naming and faming". During the initial quarter of 2023, Yang Ming Lines once again excelled among the carriers, demonstrating an exceptional performance. They achieved an impressive average score of 64.8 on the CEI Index for the Mediterranean to Far East route.
This week, we are placing our attention on the trade route between the Mediterranean and the Far East, which serves as a vital link in global trade, connecting ports in Southern Europe to the Far East.
During Q1 2023, the CEI index saw some improvement in this trade lane which now has a score of 97.5. While the average filling factor remained the same as in Q4 2022 at 79%, other factors influenced an improved average trade performance. In the case of this corridor, there was an injection of ships with the capacity to carry 14 000 – 15 000 TEU, lifting the average deadweight of the ships deployed in Q1 2023, to reach 153 671 DWT, equal to an average capacity of 13 880 TEU per containership. Because of this, it is evident that capacity management initiatives are showing better results as ships are bigger than last quarter, but the filling factor remains the same.
Q1'23 CEI Carrier Ranking
Mediterranean - Far East Asia
|1||Yang Ming Lines||64.8|
On this trade, Yang Ming Lines is the carrier that performed the best with a score of 64.8 on the CEI, their record on this trade lane is also the all-time best amongst all carriers. Yang Ming managed to improve their score for the second quarter in a row, most recently by 7.8 percentage points.
The main factors behind this outstanding performance are, firstly, an 8% reduction in their average speed in comparison to Q4 2022, which now makes it the carrier’s slowest speed on record since Q1 2018. In relative terms, Yang Ming’s speed is now 20% below the trade lane average. Secondly, the carrier increased its filling factor by 3 percentage points from Q4 2022, reaching 84%, a level that is 5% higher than the trade lane average. Lastly, Yang Ming also deployed larger ships than in the previous quarter. An average Yang Ming operated ship is now able to carry 14 100 TEU.
Get an honest view of carrier emissions
Stay one step ahead of your competitors by making well-informed and sustainable choices when selecting shipping carriers. Xeneta and Marine Benchmark offer an independent and trustworthy Carbon Emissions Index (CEI) data, ensuring accuracy without any guesswork. By utilizing AIS tracking of real-time sailings on 48 major trade routes worldwide, with coverage expanding further in the near future, you can rely on up-to-date information. Don't settle for outdated and unreliable data. Schedule a demo of the CEI today and begin making intelligent shipping decisions. Get a demo here.