Conflict in the Red Sea has caused a much higher increase in carbon emissions in ocean freight container shipping, according to recent data released by a Norway-based ocean and air freight rate benchmarking and market analytics.
An Index which measures carbon emissions per ton of cargo transported across the world’s top 13 trades, hit 107.4 points in the first quarter (Q1) this year, the highest it has been since the index began in Q1 2018.
For containers being shipped via ocean from the Far East to Mediterranean, the CEI reveals carbon emissions increased by 63 per cent in Q1 2024 compared to Q4 2023. From the Far East into North Europe, carbon emissions increased by 23 per cent.