Current:Home > InvestShipping Group Leaps Into Europe’s Top 10 Polluters List -Wealth Empowerment Zone
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-16 04:16:26
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! (569)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- David Beckham reflects on highs and lows in ‘Beckham’ doc, calls it an ‘emotional rollercoaster’
- 90 Day Fiancé's Shaeeda Sween Shares Why She Decided to Share Her Miscarriage Story
- At least 13 dead in Spain nightclub fire
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
- Washington state raises minimum wage to $16.28. See where your state lies.
- Black history 'Underground Railroad' forms across US after DeSantis, others ban books
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Lane Kiffin finally gets signature win as Ole Miss outlasts LSU in shootout for the ages
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- One year after deadly fan crush at Indonesia soccer stadium, families still seek justice
- Armenia grapples with multiple challenges after the fall of Nagorno-Karabakh
- NFL in London highlights: How Trevor Lawrence, Jaguars topped Falcons in Week 4 victory
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Week 5 college football winners, losers: Bowers powers Georgia; Central Florida melts down
- Washington officers on trial in deadly arrest of Manny Ellis, a case reminiscent of George Floyd
- It's not just FTX's Sam Bankman-Fried. His parents also face legal trouble
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Late-night shows return after writers strike as actors resume talks that could end their standoff
Browns' Deshaun Watson out vs. Ravens; rookie Dorian Thompson-Robinson gets first start
Taiwan unveils first domestically made submarine to help defend against possible Chinese attack
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Rain slows and floodwaters recede, but New Yorkers' anger grows
Watch little girl race across tarmac to Navy dad returning home
Why Kris Jenner Made Corey Gamble Turn Down Role in Yellowstone