Current:Home > InvestShipping Group Leaps Into Europe’s Top 10 Polluters List -CryptoBase
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-25 20:20:50
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! (44147)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Women's basketball is bouncing back with fans | The Excerpt
- What is May's birthstone? A guide to the colorful gem and its symbolism
- The Fed rate decision meeting is today. Here's their rate decision.
- What do we know about the mysterious drones reported flying over New Jersey?
- Score a Hole in One for Style With These Golfcore Pieces From Lululemon, Athleta, Nike, Amazon & More
- Bee specialist who saved Diamondbacks game getting a trading card; team makes ticket offer
- Reports: Ryan Garcia tested positive for banned substance weekend of fight with Devin Haney
- B.A. Parker is learning the banjo
- Violence breaks out at some pro-Palestinian campus protests
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- OSHA probe finds home care agency failed to protect nurse killed in Connecticut
- Enjoy Savings on Savings at Old Navy Where You'll Get An Extra 30% off Already Discounted Sale Styles
- Longtime Missouri basketball coach Norm Stewart entered into the Hall of Famous Missourians
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Dan Schneider Sues Quiet on Set Producers for Allegedly Portraying Him as Child Sexual Abuser
- Grizzly bears coming back to Washington state as some decry return of 'apex predator'
- A new Statehouse and related projects will cost about $400 million
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Advocates say Supreme Court must preserve new, mostly Black US House district for 2024 elections
Anne Hathaway on 'The Idea of You,' rom-coms and her Paul McCartney Coachella moment
Get Chic Kate Spade Crossbodies for 60% off (Plus an Extra 20%) & They’ll Arrive Before Mother’s Day
What do we know about the mysterious drones reported flying over New Jersey?
Police order dispersal of gathering at UCLA as protests continue nationwide | The Excerpt
Pro-Palestinian protests reach some high schools amid widespread college demonstrations
Four players suspended after Brewers vs. Rays benches-clearing brawl