We're back with the latest edition of the Xeneta and Marine Benchmark Carbon Emission Index (CEI). This time, we're switching it around and focusing on the largest backhaul trade lane of them all, North Europe - Far East. HMM was the top performer in Q2'23, scoring 78.2 points, 17.4 index points better than the trade lane's average score.
Q2'23 CEI Carrier Ranking
North Europe - Far East
HMM's performance in Q2 2023 stands out based on several factors assessed within the CEI. Notably, the vessel's speed was 12.2 knots, which is 2.6 knots below the trade lane average. While there was a modest increase of 0.3 knots in HMM's ship speed compared to the previous quarter, it's important to highlight that this remains the slowest speed observed on the trade lane during Q2.
HMM secures another top position for the age of their ships operating in this trade lane, averaging 2.8 years, which is on par with Evergreen's ships. This is significant as both HMM and Evergreen's ships are notably 4.1 years younger than the average for this trade lane. Moreover, the size of HMM's deployed ships is noteworthy, with an average capacity of 21,600 TEU, second only to Evergreen. Lastly, HMM achieved the highest filling factor on the trade lane, reaching an impressive 78.8%.
The CEI score for the North Europe to Far East trade lane showed improvement in Q1 2023, reaching 95.6. This represents a decrease of 6.8 index points compared to the previous quarter. This progress is attributed to an all-time high in average ship size, now at 18, 700 TEU.
In addition, the filling factor saw an increase of 3.8 percentage points, reaching 74.6%. While there is still potential for improvement, it's worth noting that during the years 2019-2021, all quarters consistently maintained a filling factor above 80%. This presents carriers with opportunities to enhance capacity management and performance. Keep an eye on backhaul trade developments as notable trends could unfold throughout the year.
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