• MSC becomes third major shipping company to set 2050 net-zero target

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      Patrick Lavery

      Combustion Industry News Editor

A third major European shipping group has announced a 2050 net-zero goal, this time the Mediterranean Shipping Company, the world’s second largest container carrier. Its announcement follows those of Maersk and France’s CMA CGM, and indicates that demand for low/zero-carbon shipping fuels will accelerate in the coming years. MSC has already decarbonised fairly substantially, with emissions down 44.3% last year compared to its 2008 baseline. In June of this year, chief executive Soren Toft told the Financial Times that setting targets was a “nice thing”, but that MSC was more focussed on concerted action between the shipping industry and fuel producers; the new announcement appears to be something of a change of tack in the lead-up to the COP26 summit in November. MSC is expected to become the world’s largest shipping group by container numbers in the foreseeable future, taking over the title from Maersk. The announcement was made at London International Shipping Week earlier this month.