MSC To Go Carbon Neutral By 2050, Vows Søren Toft

Swiss-based shipping line and the world’s number-two ocean liner, Mediterranean Shipping Company (MSC), has stated publicly for the first time its objective to reach net-zero carbon emissions by 2050.

Swiss-based shipping line and the world's number-two ocean liner, Mediterranean Shipping Company (MSC), has stated publicly for the first time its objective to reach net-zero carbon emissions by 2050.
IMAGE VIA: msc.com

As Reported by marinemonks earlier, the company had previously leaned away from its 2M counterpart, Maersk’s decarbonization plan.

Speaking in a keynote address at the main conference presented during London International Shipping Week, Søren Toft, Chief Executive Officer at MSC, made the pledge, joining peer companies such as CMA CGM and Maersk in programming the 2050 target.

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MSC data for 2020 depicts the Geneva-headquartered line recorded a 44.3% drop in relative CO2 emissions in comparison with a 2008 baseline. Over the past 13 months, however, MSC has embarked on the largest secondhand boxship acquiring spree in the history of containerization, taking on 110 ships and counting, many over 15 years of age, likely pushing up its emissions count this year.

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Toft, who was Maersk’s former COO, left the company to take control at MSC last year, has earlier avoided setting green target dates. Yesterday, the MSC chief executive put forward his firm’s belief that market-based measures were needed to support shipping along its decarbonization path.

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