Yang Ming beat Maersk and CMA CGM to take the first place in the liner industry!
Recently, Xeneta, the Norwegian shipping market intelligence benchmarking platform, announced that Yang Ming will be No. 1 in the container shipping industry in all relevant CEI (Carbon Emissions Index) covered trades in the fourth quarter of 2022.
In fact, Yang Ming is promoting the sustainable development of the environment, and has already shown good results in carbon reduction. The company has adopted management measures such as hull optimization, environmentally friendly new ship deployment, optimal speed control, intelligent monitoring system introduction, and ready-made ship modification. In 2021, the carbon dioxide emission intensity of operating ships will be reduced by 57.38% compared with 2008, reaching the 40% reduction goal of the International Maritime Organization (IMO) in 2030 ahead of schedule, and continuing to work towards the 2050 goal of 70% reduction.
Xeneta shipping analyst Emily Stausboll said the industry was moving in the right direction, but the various scores showed progress was far from smooth.
She commented that only one trade had a higher CEI in Q4 2022 than in Q1 2018, namely the trade from the US East Coast to Northern Europe (CEI of 108). However, we have seen some quarterly setbacks, such as trades from the Far East, where CEI scores worsened (increased) in four of the five major trades. To understand why, we need to consider the overall market environment. "Weak fundamentals are hitting demand and impacting volumes," she said.
