Current:Home > MyShipping Group Leaps Into Europe’s Top 10 Polluters List -Horizon Finance Path
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-18 06:05:49
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! (7)
Related
- North Carolina justices rule for restaurants in COVID
- Do you know these famous Aquarius signs? 30 A-listers (and their birthdays)
- DNA proves a long-dead man attacked 3 girls in Indiana nearly 50 years ago, police say
- Fall in Love With Coach Outlet’s Valentine’s Day Drop Featuring Deals Up to 75% Off Bags & More
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- 4 local police officers in eastern Mexico are under investigation after man is shot to death
- Brutally cold weather expected to hit storm-battered South and Northeast US this weekend
- Kanye West debuts metal teeth: 'Experimental dentistry' didn't involve removing his real teeth
- Military service academies see drop in reported sexual assaults after alarming surge
- Documents say Fulton County DA Fani Willis was booked on flights bought by prosecutor with whom she's accused of having affair
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Luis Vasquez, known as musician The Soft Moon, dies at 44
- Mariska Hargitay Reveals the Secret to Decades-Long Marriage With Peter Hermann
- Trump’s attorney renews call for mistrial in defamation case brought by writer in sex-abuse case
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Here's how much Walmart store managers will earn this year
- Protests against Germany’s far right gain new momentum after report on meeting of extremists
- Western New Mexico University president defends spending as regents encourage more work abroad
Recommendation
B.A. Parker is learning the banjo
What men's college basketball games are on today? Here are the five best
Buffalo is perfect site for Chiefs' Patrick Mahomes to play his first road playoff game
Econ Battle Zone: Disinflation Confrontation
Meta releases AI model to enhance Metaverse experience
Why TikTok's Viral Sleepy Girl Mocktail Might Actually Keep You Up at Night
Green Day reflect on the band's evolution and why they are committed to making protest music
Nikki Reed and Ian Somerhalder Pay Tribute to Twilight and Vampire Diaries Roles on TikTok