HMM Selected as 'Best' Carrier for Carbon Emissions on Europe and Americas Routes

HMM announced on the 1st that it was selected as the shipping company with the lowest carbon emissions on routes to Europe and the Americas.

According to the ‘2022 Clean Cargo Greenhouse Gas Emissions Performance Report,’ HMM was chosen as the shipping company with the lowest carbon emissions on the Asia-Europe route last year. The average carbon emissions of global shipping companies are 39.58g/km per TEU (one 6-meter container). In contrast, HMM recorded 26.67g/km, about two-thirds of the average, ranking first.

‘Clean Cargo’ is a consortium organized to reduce carbon emissions in the freight transportation sector. It includes 17 major global container shipping companies and over 60 forwarders and shippers as members. Every year, each shipping company measures greenhouse gas emissions using the ‘Well To Wake’ method (covering the entire process from fuel production to usage on ships) for vessels operating more than 90 days and reports the data to Clean Cargo.

Since April 2020, HMM has been operating a total of 20 ultra-large container ships on the Asia-Europe route, including 12 vessels with a capacity of 24,000 TEU and 8 vessels with 16,000 TEU, which have been proven to be eco-friendly ships.

HMM’s eco-friendly efforts have been recognized not only in Europe but also on routes to the Americas. According to the 1st quarter 2023 Carbon Emissions Index (CEI) survey by Xeneta, a Norwegian container freight rate analysis company, HMM scored 56.2 on the East Asia-West Coast of the U.S. route, ranking first among 15 shipping companies. It was selected as the top shipping company for two consecutive quarters, following the 4th quarter of 2022.

Xeneta, together with Marine Benchmark, a Swedish maritime industry analysis company, publishes quarterly CEI reports for 13 global routes based on vessel operation data and specifications. The CEI is widely regarded as an index that intuitively shows shipping companies’ carbon management systems.

Xeneta explained that HMM maximized fleet efficiency by deploying larger vessels compared to other companies on the route while achieving a loading rate more than 11% higher. They reduced carbon emissions through efficient operating routes and economical speeds.

An HMM official said, “The consecutive evaluations by overseas organizations are the result of continuous efforts to secure eco-friendly competitiveness,” adding, “We will continue to actively practice ESG management by developing eco-friendly fuels and equipment and participating in research and development (R&D).”

This content was produced with the assistance of AI translation services.