Current:Home > MyShipping Group Leaps Into Europe’s Top 10 Polluters List -Wealthify
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-16 17:55:58
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! (3957)
Related
- The Super Bowl could end in a 'three
- Belgium requires a controversial class program. Now schools are burning and the country is worried
- Timeline: Hunter Biden under legal, political scrutiny
- Why are the Jets 'cursed' and Barrymore (kind of) canceled? Find out in the news quiz
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Apple will update iPhone 12 in France after regulators said it emitted too much radiation
- Protecting Margaritaville: Jimmy Buffett, Bama and the Fight to Save the Manatee
- Hurricane Lee on path for New England and Canada with Category 1 storm expected to be large and dangerous
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- FAA restores Mexico aviation to highest safety rating
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Boston doctor charged with masturbating and exposing himself to 14-year-old girl on airplane
- College professor who questioned views toward adult-child sex wants back on campus
- Thousands sign up to experience magic mushrooms as Oregon’s novel psilocybin experiment takes off
- Small twin
- Craig Conover Shares Surprising Insight Into Carl Radke and Lindsay Hubbard's Breakup
- Trial begins in Elijah McClain death, which sparked outrage over racial injustice in policing
- The Justice Department says there’s no valid basis for the judge to step aside from Trump’s DC case
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Katharine McPhee and David Foster Speak Out After Death of Son Rennie's Nanny
After attacks, British prime minister says American XL Bully dogs are dangerous and will be banned
Missing plane found in southern Michigan with pilot dead at crash site
Tom Holland's New Venture Revealed
U.S. Olympic Committee gives Salt Lake City go-ahead as bidder for future Winter Games
Is Matty Healy Appearing on Taylor Swift's 1989 Re-Record? Here’s the Truth
Lahaina residents and business owners can take supervised visits to properties later this month