Skip to content
Container Freight Industry News | Supply Chain Industry News

Q1'23 Carbon emission carrier ranking | US East Coast - Far East

Explore the newest release of the Xeneta and Marine Benchmark CEI, showcasing top-performing carriers in the US East Coast - Far East trade. Leading the pack is OOCL, showcasing a CEI score of 71.6 in Q1 2023.

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 looking at US East Coast and Far East trade. In Q1 2023, Orient Overseas Container Line (OOCL) was the best-performing carrier in the US East Coast to Far East trade lane.

Q1'23 CEI Carrier Ranking

US East Coast - Far East

RANKING

CARRIER

CEI SCORE

1 OOCL 71.6
2 CMA CGM 72.7
3 HMM 74.7
11 MSC 143.4

 

 

 

 

 

In Q1 2023, OOCL emerged as the top-performing carrier, achieving a score of 71.6 in the CEI. This marks a substantial improvement of 27.4% from Q4 2022. The impressive performance can be attributed to individual enhancements in factors contributing to the CEI. Notably, there has been a significant shift towards larger ship sizes, with a 16.6% increase since Q4 2022. OOCL's vessels deployed in the US East Coast – Far East trade lane can now accommodate approximately 13,200 TEU, marking a return to normalcy after the outlier observed in Q4 2022.

Since Q2 2022, a noticeable improvement has been the consistent reduction in speed for OOCL. This reduction started at 8.7% and gradually decreased to 6.1%, continuing until Q1 2023, where it reached 6.3%. Alongside the speed reduction, there has been an increase in ship size. Moreover, the filling factor experienced a significant improvement of 11 percentage points from Q4 2022, resulting in OOCL achieving a filling factor of 64.0%. This was 7 percentage points higher than the average for the trade lane.

Q1 2023 marked the best performance for the US East Coast – Far East trade lane since Q4 2020, achieving a grade of 92.4. This success can be primarily attributed to the widespread practice of slowing down services by carriers, a trend observed across most trade lanes. The average speed recorded on this trade lane is the lowest since Q1 2018, with vessels sailing at an average speed of 14.2 knots. The combined impact of speed and ship size significantly influenced the overall average grade. The average ship size deployed in this trade lane increased by 1.6% compared to the previous quarter, reaching an average of 11,000 TEU. Additionally, the average filling factor of the trade lane experienced an improvement of 2.8 percentage points from the lowest recorded point in Q4 2022, culminating in a filling factor of 57.0% by the end of Q1 2023.

Next week, stay tuned for our comprehensive Q1 2023 report on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI). In this report, we will delve into the factors and developments that have influenced carriers' carbon emissions performance, both positively and negatively.

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

Ocean Freight Index

 

Say goodbye to freight rate uncertainty with real-time data

Every second, our platform processes 450M+ data points from the world's largest shipping companies for unmatched, real-time market intelligence.