Sunday, 09 August 2020 | 21:56
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MSC Continues To Invest In Decarbonising Shipping

Tuesday, 07 July 2020 | 23:00

MSC Mediterranean Shipping Company, a global leader in shipping and logistics, is heavily investing in its fleet and low-carbon technology to support the industry's transition towards zero carbon future.

Shipping can be accurately described as the most environmentally sustainable form of cargo mass transportation. Nonetheless, MSC is acutely aware that international shipping has an impact on the climate and our decision to invest in low-carbon technology is complementary to the company's broader strategic approach to sustainability. The company operates a modern fleet and is running the biggest fleet investment programme in the industry to further reduce emissions.

MSC fully supports the IMO's policy goals to decarbonise shipping and is actively exploring and trialling a range of alternative fuels and technologies – pioneering large scale usage of up to 30% biofuel blends for container ships, for example – on top of some significant energy efficiency improvements across its fleet.

Around 90% of the world's trade is transported by sea. To meet the market demand while minimising emissions, MSC was the first shipping company to deploy 23K+ TEU, ultra-efficient vessels on some of the world's busiest trade lanes (incl. the Mediterranean). In 2019, MSC set a new standard for sustainable container shipping, by introducing the MSC Gülsün with one of the lowest carbon footprints by design, at 7.49 grams of CO2 emissions to move 1 ton of cargo 1 nautical mile.

In addition, to help bridge the gap between shipping today and the zero-carbon future, MSC was the first major shipping line in 2019 to offer clients an option to fully compensate the remaining currently unavoidable carbon emissions caused by the transport of their cargo through participating in MSC's Carbon Neutral Programme.

Inaccurate analysis of CO2 emissions from shipping

In addition to our massive investment in reducing emissions, MSC fully supports reporting CO2 emissions transparently and precisely in the European Union (EU) Monitoring, Reporting and Verification (MRV) system, as mandated by EU legislation. As said in an earlier statement in December, it is vital that the raw data reported in the system are analysed accurately and take operational realities fully into account, to give a realistic picture of the related emissions.

Another recent analysis by Transport & Environment on shipping emissions in the EU, fails yet again to take a number of operational aspects of MSC's services fully into account, and thus does not offer a complete assessment of our role and impact in terms of emissions. Nor does it support a constructive dialogue around decarbonising shipping.

To provide a comprehensive and accurate conclusion, CO2 emissions should be compared on an equal basis. An analysis focusing on shipping emissions in the EU should only take into account emissions which actually occurred in the geographical area of the EU, if it is going to be compared to other sources limited to the same area. This is particularly relevant for a global company such as MSC, which operates in all the world's major shipping lanes. A complete analysis would show that only 40-45% of the emissions reported by MSC in the MRV were actually in the EU. In addition, a correct analysis would also show that MSC has achieved 2.5% YOY reduction in absolute emissions under the MRV scheme in a single year.

Further to the company's own efforts to minimise environmental impact, MSC contributes to the work of industry groups and associations to accelerate decarbonising the shipping industry.
Source: MSC Mediterranean Shipping Company SA

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