Current:Home > InvestShipping Group Leaps Into Europe’s Top 10 Polluters List -ValueMetric
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-15 23:07:37
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
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- California and the West broil in record-setting heat wave
- Parts of Mississippi's capital remain without running water
- Camila Cabello and Ex Shawn Mendes Spotted Kissing During Coachella Reunion
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Floating in a rubber dinghy, a filmmaker documents the Indus River's water woes
- The spending bill will cut emissions, but marginalized groups feel they were sold out
- Drought is driving elephants closer to people. The consequences can be deadly
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Ryan Seacrest's Girlfriend Aubrey Paige Pens Message to Inspiring Host on His Last Day at Live
Ranking
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- People who want to visit the world's tallest living tree now risk a $5,000 fine
- You’ll Love the Way Pregnant Rihanna and A$AP Rocky Shop in Style at L.A. Kids Store
- Murder of Cash App Founder Bob Lee: Suspect Arrested in Fatal Stabbing
- Meta releases AI model to enhance Metaverse experience
- Go Inside the Love Lives of Stranger Things Stars
- Nuclear power is gaining support after years of decline. But old hurdles remain
- Kelly Clarkson Seemingly Calls Out Ex Brandon Blackstock in Scathing New Songs
Recommendation
Trump wants to turn the clock on daylight saving time
Americans connect extreme heat and climate change to their health, a survey finds
The U.K. breaks its record for highest temperature as the heat builds
Kathy Griffin Diagnosed With “Extreme Case” of Complex PTSD
Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
Authorities search for grizzly bear that attacked woman near Yellowstone National Park
From Acne to Eczema Flare Ups, This Is Why Stress Wreaks Havoc on Your Skin
Floating in a rubber dinghy, a filmmaker documents the Indus River's water woes