Current:Home > ScamsShipping Group Leaps Into Europe’s Top 10 Polluters List -ProfitLogic
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-17 15:31:49
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! (18779)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Four players suspended after Brewers vs. Rays benches-clearing brawl
- Kristi Yamaguchi: Dorothy Hamill doll inspired me. I hope my Barbie helps others dream big.
- One Tech Tip: How to repair an electric toothbrush
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Ethan Hawke and Maya Hawke have a running joke about ‘Wildcat,’ their Flannery O’Connor movie
- Georgia governor signs law requiring jailers to check immigration status of prisoners
- Biden keeps quiet as Gaza protesters and police clash on college campuses
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Anne Hathaway on 'The Idea of You,' rom-coms and her Paul McCartney Coachella moment
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Robert De Niro accused of berating pro-Palestinian protesters during filming for Netflix show
- RHONJ's Melissa Gorga Shares How She Feels About Keeping Distance From Teresa Giudice This Season
- Get Chic Kate Spade Crossbodies for 60% off (Plus an Extra 20%) & They’ll Arrive Before Mother’s Day
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Pro-Palestinian protests reach some high schools amid widespread college demonstrations
- Füllkrug fires Dortmund to 1-0 win over Mbappé's PSG in Champions League semifinal first leg
- You Need to See Princess Charlotte’s Royally Cute 9th Birthday Portrait
Recommendation
Don't let hackers fool you with a 'scam
Chris Hemsworth thinks 'Thor: Love and Thunder' was a miss: 'I became a parody of myself'
Serbia prepares to mark school shooting anniversary. A mother says ‘everyone rushed to forget’
How to Watch the 2024 Met Gala and Live From E! on TV and Online
Federal hiring is about to get the Trump treatment
Khloe and Kim Kardashian Hilariously Revisit Bag-Swinging Scene 16 Years Later
US regulators maintain fishing quota for valuable baby eels, even as Canada struggles with poaching
Earthquakes measuring over 3.0 rattles Dallas-Fort Worth area Wednesday afternoon