Xeneta, the globally renowned ocean and air freight rate benchmarking and market analytics platform, and Marine Benchmark, a major provider of information analysis services and tools for the marine industry, have launched the Carbon Emissions Index (CEI) for the container shipping market.
Carbon Emissions Index (CEI)
The Carbon Emissions Index (CEI) by Xeneta and Marine Benchmark is a first-of-its-kind data solution that tracks and compares the carbon emissions of ocean carriers across 13 main global trade lanes.
The data is based on vessel information from a carrier’s actual sailings — sourced through AIS tracking
The data is based on vessel information from a carrier’s actual sailings — sourced through AIS tracking by Marine Benchmark — and includes changes in speed, cargo load, time steaming and congestion shown by time spent at anchorages.
Transforming transparency
The CEI is the only factual, timely and independent (with zero input from carriers) reference tool based on actual utilisation available in the market.
“Transparency is the key to unlocking enhanced value, business performance and trust in the ocean freight segment—and environmental standards are a key part of that,” commented Xeneta’s Chief Executive Officer (CEO) and Co-Founder, Patrik Berglund.
Patrik Berglund adds, “This unique data set supports what Xeneta has already achieved in the rates arena, shining a spotlight of truth on carrier carbon emissions and assisting our customers as they push towards more sustainable freight buying and selling processes.”
Empowering change
Borje Berneblad, Senior Analyst and Head of Development at Marine Benchmark said, “It’s incredibly rewarding to see the marine analytics we work so hard to build and ensure the quality of being used in such an innovative, impactful way.”
We look forward to continuing to enhance this solution and partnership"
Borje Berneblad adds, “The sustainability benefits that this level of transparency will have on the industry is a shining example of the power of data. We look forward to continuing to enhance this solution and partnership.”
CEI tested by members of Xeneta’s customer portfolio
Ahead of the launch, the Carbon Emissions Index (CEI) was tested by members of Xeneta’s customer portfolio, including leading global and Fortune 500 companies.
One early adopter said, “What I’ve seen (in the CEI) allows me to give green carriers credit for tender. I think Xeneta can have a positive impact on the world with this data—the conversations with stakeholders about the data will lift this forward.”
CEI available within the Xeneta platform
The Carbon Emissions Index (CEI) by Xeneta and Marine Benchmark is available within the Xeneta platform, which is relied on by companies, such as Electrolux, Unilever, Nestle, Zebra Technologies, Thyssenkrupp, Volvo, General Mills, Procter & Gamble, and John Deere.