Current:Home > reviewsShipping Group Leaps Into Europe’s Top 10 Polluters List -FinanceMind
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-19 20:17:00
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! (1)
prev:Small twin
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- SpaceX launch: Starship reaches new heights before being lost on re-entry over Indian Ocean
- Executive director named for foundation distributing West Virginia opioid settlement funds
- Elizabeth Smart Shares Message on Miracles 21 Years After Being Rescued From Kidnappers
- DoorDash steps up driver ID checks after traffic safety complaints
- Sean Strickland isn't a mental giant, but he is a homophobe. The UFC needs to act
- Philadelphia’s population declined for the third straight year, census data shows
- Nebraska governor blames university leadership for AD Trev Alberts’ sudden departure for Texas A&M
- Trump's 'stop
- Watch video of tornado in Northeast Kansas as severe storms swept through region Wednesday
Ranking
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Woman charged with buying guns used in Minnesota standoff that killed 3 first responders
- Hurry, Lululemon Just Added New Styles to Their We Made Too Much Section—Score $39 Align Leggings & More
- Grey’s Anatomy Stars Share Behind-the-Scenes Memories Before Season 20 Premiere
- What do we know about the mysterious drones reported flying over New Jersey?
- Hunter Biden trial on felony gun charges tentatively set for week of June 3
- 2 detectives found safe after disappearing while investigating Mexico's 2014 case of missing students
- Bill to undo Memphis’ traffic stop reforms after Tyre Nichols death headed to governor’s desk
Recommendation
Travis Hunter, the 2
A critical Rhode Island bridge will need to be demolished and replaced
Give Your Space a Queer Eye Makeover With 72% Off Bobby Berk Home Decor
Get a $78 Anthropologie Pullover for $18, 25% off T3 Hair Tools, $800 off Avocado Organic Mattress & More
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
St. Patrick’s parade will be Kansas City’s first big event since the deadly Super Boal celebration
Nebraska governor blames university leadership for AD Trev Alberts’ sudden departure for Texas A&M
Elon Musk Spotted on Rare Father-Son Outing With His and Grimes’ Son X Æ A-XII