Current:Home > NewsShipping Group Leaps Into Europe’s Top 10 Polluters List -VisionFunds
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-16 03:42:09
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! (89)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- United pilots miscommunicated. The NTSB says their error caused a plane to plunge more than 1,000 feet
- California judge who’s charged with murder texted court staff that he shot his wife, prosecutors say
- Developers have Black families fighting to maintain property and history
- Questlove charts 50 years of SNL musical hits (and misses)
- Pamper Your Dogs and Cats With Top-Rated Amazon Pet Beds Under $45
- Breaking Down All of Kate Middleton and Prince William's Royal Titles and What They Mean
- Ravens extend preseason streak despite sluggish first half against Eagles
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Linda Evangelista Has a Surprising Take on Botox After Being Disfigured From Cosmetic Procedure
Ranking
- New data highlights 'achievement gap' for students in the US
- Lenny Wilkens tells how Magic Johnson incited Michael Jordan during lazy Dream Team practice
- As flames swallowed Maui, survivors made harrowing escapes
- California judge who’s charged with murder texted court staff that he shot his wife, prosecutors say
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Will Milwaukee Brewers look to relocate if state stadium financing package fails?
- Amidst streaming chaos, Dropout carves out its own niche
- Tale as old as time: Indicators of the Week
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
3-year-old dies aboard migrant bus headed from Texas to Chicago
Prosecutors decline to charge officer who shot and wounded autistic Utah teenager
South Carolina prosecutors say a woman was convicted of homicide in her baby’s death 31 years ago
Why members of two of EPA's influential science advisory committees were let go
Save up to $250 on the new Samsung Galaxy Watch 6 at Best Buy
Luke Bryan talks his return to Vegas' Resorts World: 'I'm having the most fun of anyone'
Turkish investigative reporter Baris Pehlivan ordered to jail — by text message