MSC warns of increased costs due to environmental regulation

msc-warns-of-increased-costs-due-to-environmental-regulation

Environmental regulation remains a constant issue in the European Union, which through the creation and implementation of the EU ETS (European Union Emissions Trading System) has sought to reduce the emission of greenhouse gases to prevent the advance of climate change. To achieve this, the cooperation of companies dedicated to different commercial areas such as transportation is required, which in turn are called upon to comply with such regulations that establish an emission limit that could well cause additional operating costs given the conditions imposed by the system.

Among them, is the shipping company Mediterranean Shipping Company (MSC), which has recently warned about a possible increase in its operating costs due to the new regulation imposed by the European Union, but what exactly is the MSC and what is its importance after this warning about increases in its costs?

 

Importance of the MSC with respect to EU ETS environmental regulation 

Continuing with this notice by the Mediterranean Shipping Company S.A. (MSC) on this environmental regulation, it is necessary to mention that it is currently the shipping company with the largest cargo capacity globally with more than 459 vessels that allows it to handle about 2,308,000 TEU.1, which places them in a highly competitive line in the logistics sector. This shipping company has its headquarters in Switzerland and was founded in 1970 by Gianluigi Aponte with only one ship to start operations to later expand to different international markets from 1977.

Since its inception in the 70s, the MSC company has managed to break through in a sector as complex and competitive as logistics and currently offers its services to more than 335 ports around the world in addition to having an extensive workforce of 110,000 employees. This highlights the importance of considering this transportation giant after warning about an increase in operating costs, something that would undoubtedly affect both partners and final consumers who depend on deliveries from a company of such magnitude globally.

  

The advice of experts to face a possible price increase by the MSC

Given the possible increase in the price of MSC services after the implementation of this new environmental regulation, the need to hire the advice of experts in logistics risks who can even offer you the best solutions in terms of cargo insurance that can adhere to your specific requirements without major inconveniences is certainly the smartest decision.  Contact us and let us help you find the best option for your business. 

  

Sources:

‘’MSC prevé incrementos en costos por nueva regulación ambiental’’. Portal Portuario

‘’ MSC advierte que costos del régimen de comercio de derechos de emisión de la UE se traspasarán a clientes’’. Portal Portuario

‘’ Mediterranean Shipping Company’’. Wikipedia

 

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