Container shipping: Carbon emissions have risen as a result of the crisis in the Red Sea

Attacks on ships in the Red Sea region have forced shipping lines to change routes, resulting in longer transport times 

 

Xeneta, a platform for comparative analysis of sea and air freight rates and market analysis, believes that the crisis in the Red Sea has led to a massive increase in carbon emissions in maritime container transport. Xenata, in collaboration with Marine Benchmark, is establishing the CEI (Carbon Emissions Index), which measures carbon emissions per tonne of cargo transported across the world's 13 major trade routes. In Q1 2024, the CEI reached 107.4 points, the highest level since the index began in 2018.

 

According to Xenata, compared to Q4 2023, for containers shipped by sea from the Far East to the Mediterranean, carbon emissions increased by 63% in Q1 2024. For containers shipped by sea from the Far East to Northern Europe, carbon emissions increased by 23% in Q1 2024.