The Mediterranean Shipping Company (MSC), the world’s second-biggest container shipping line, will not use the Arctic as a short cut between northern Europe and Asia. It said that it would instead focus on improving environmental performance on existing global trade routes.
MSC follows CMA CGM and Hapag-Lloyd in walking away from the putative commercial benefits of an Asia-North Europe option, some 30% shorter than the southern route via the Suez Canal.
Diego Aponte, President & CEO, MSC Group, said that “as a responsible company with a longstanding nautical heritage and passion for the sea, MSC finds the disappearance of Arctic ice to be profoundly disturbing. Every drop in the oceans is precious and our industry should focus its efforts on limiting environmental emissions and protecting the marine environment across existing trade routes”.