Current:Home > ScamsShipping Group Leaps Into Europe’s Top 10 Polluters List -OceanicInvest
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-24 14:51:23
ICN occasionally publishes Financial Times articles to bring you more international climate reporting.
A ranking of the top 10 corporate polluters in Europe includes a shipping group for the first time, in a sign of how some emissions-heavy industries are escaping the environmental clampdown imposed on others.
Vessels operated by Mediterranean Shipping Company, the continent’s largest, emitted 11 million tonnes of carbon dioxide last year on journeys to, from or within the European Union, according to analysis of EU data by Transport & Environment, a non-governmental organization.
That made Swiss-headquartered MSC Europe’s eighth-worst polluting company, breaking into a list that was until recently the exclusive preserve of coal-fired power stations. It is only the second company not in that sector to break into the top 10, following Irish airline Ryanair’s inclusion earlier this year.
Shipping is among the only industries not covered by the Paris climate agreement, and although the UN industry body the International Maritime Organization has set a goal of halving its emissions by 2050, few immediate steps have been taken to reach that goal.
“Almost everything we touch has been on a ship,” said Faig Abbasov, shipping manager at Transport & Environment. “All those things have a huge environmental footprint—an invisible element in the supply chain that has a huge impact on the environment.”
MSC’s 362 Europe-operating ships are responsible for 25 percent of the continent’s container ship carbon emissions, ahead of second-placed Maersk, which has 335 ships and a carbon output of 8.22 million tonnes.
The broader European shipping industry, including passenger and bulk cargo vessels, produced 139 million tonnes of CO2 in 2018, and emissions in the sector are 19 percent higher than in 1990, according to Transport & Environment.
Expansion Fueled by Global Trade
Global trade growth has fuelled the expansion of container shipping, according to International Transport Forum, a think tank which estimates the sector has tripled in size since 2000 and faces demand growth at the same rate over the next 30 years.
While other modes of transport are subject to emissions regulations, shipping has so far escaped any serious limits.
Abbasov said the fact that the sector’s operations were largely out of sight had protected it from public scrutiny and political action.
MSC Says It Has a ‘Green Fleet’
MSC said it was investing in improvements to the sustainability of its fleet that had resulted in a 13 percent reduction in CO2 emissions per unit of transport work.
While it emits more carbon in total than any other European shipping company, it was among the most energy efficient, emitting 19.92 grams of CO2 for each tonne of cargo per nautical mile. The most efficient carrier, China’s Cosco, emitted 13.25 grams per tonne per nautical mile, while the 10th least efficient produced 43.05 grams.
“MSC operates a modern, green fleet and is investing heavily in low-carbon technologies and extensive new-build and retrofit programmes to boost performance and minimise our environmental impact,” the company said.
It also announced this weekend that it would start using a biofuels blend in vessels calling at Rotterdam, which it said would further reduce its emissions.
© The Financial Times Limited 2019. All Rights Reserved. Not to be further redistributed, copied or modified in any way.
veryGood! (65)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- The 10 Best Websites to Buy Chic, Trendy & Stylish Prom Dresses Online
- Spelling errors found on Kobe Bryant statue; Lakers working to correct mistakes
- CHUNG HA is ready for a new chapter: 'It's really important from now to share my stories'
- This was the average Social Security benefit in 2004, and here's what it is now
- What's next for Minnesota? Vikings QB options after Kirk Cousins signs with Falcons
- Man bitten by a crocodile after falling off his boat at a Florida Everglades marina
- New lawsuit possible, lawyer says, after Trump renews attack on writer who won $83.3 million award
- The Daily Money: Spending more on holiday travel?
- Ohio Gov. Mike DeWine bypasses Trump-backed Bernie Moreno with US Senate primary endorsement
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- I've been movie-obsessed for years. This is the first time I went to the Oscars.
- How a wandering white shark’s epic journey could provide clues for protecting them
- Social Security benefits could give you an extra $900 per month. Are you eligible?
- Intel's stock did something it hasn't done since 2022
- North West to Release Debut Album Elementary School Dropout
- Biden releases 2025 budget proposal, laying out vision for second term
- Reddit IPO to raise nearly $750 million and will offer shares to Redditors. Here's how it will work.
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Save Our Signal! Politicians close in on votes needed to keep AM radio in every car
Donald Trump wants New York hush money trial delayed until Supreme Court rules on immunity claims
US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts
The Best Stocking Stuffers Under $25
Retiring in America increasingly means working into old age, new book finds
How one dog and her new owner brought kindness into the lives of many
Can you get pregnant with an IUD? It's unlikely but not impossible. Here's what you need to know.