Current:Home > MyShipping Group Leaps Into Europe’s Top 10 Polluters List -DollarDynamic
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-27 14:23:11
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! (8)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- New Commanders ownership has reignited the debate over the NFL team’s old name
- Authorities expand search area for killer who escaped Pennsylvania prison after latest sighting
- Body of Maryland man washes ashore Delaware beach where Coast Guard warned of rip currents
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Burning Man exodus operations begin as driving ban is lifted, organizers say
- U.N. nuclear agency reports with regret no progress in monitoring Iran's growing enrichment program
- Water conservation measures announced for Grand Canyon National Park
- Trump issues order to ban transgender troops from serving openly in the military
- NFL head coach hot seat rankings: Ron Rivera, Mike McCarthy on notice entering 2023
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Alex Murdaugh's lawyers allege court clerk tampered with jury in double murder trial
- Mexican pilot dies in plane crash during gender reveal party gone wrong
- Mohamed Al Fayed, famed businessman and critic of crash that killed his son and Princess Diana, dies at 94
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- New York police agree to reform protest tactics in settlement over 2020 response
- Alex Murdaugh's lawyers allege court clerk tampered with jury in double murder trial
- Airbnb limits some new reservations in New York City as short-term rental regulations go into effect
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Alabama man convicted of sexually torturing, robbing victims he met online
Chiefs’ All-Pro TE Travis Kelce hyperextends knee in practice for opener vs Detroit
Injured pickup truck driver rescued after 5 days trapped at bottom of 100-foot ravine in California
Travis Hunter, the 2
Summer House's Danielle Olivera Subtly Weighs in on Carl Radke & Lindsay Hubbard's Breakup
Nobel Foundation withdraws invitation to Russia, Belarus and Iran to attend ceremonies
Suspect on the loose after brutally beating, sexually assaulting university student