Compared to other modes of transport, ocean shipping can transport larger volumes of cargo at once and is rather an environment-friendly mode, with lower emissions per ton-mile of CO2 and other air pollutants.
However, with a growth of the world economy spurred by the development of emerging markets, the overall world ocean cargo traffic continues to increase. Seaborne trade has exceeded 10 billion tons, and we anticipate further increases in the future. As seaborne trade increases, CO2 emissions will rise in step with growing energy consumption.
This can exacerbate pressing environmental issues. CO2 emissions from merchant vessels account for about 2% of global emissions, and the shipping industry must do more to protect the environment. MOL strives to control emissions of pollutants through ongoing initiatives, such as the adoption of advanced technologies and slow steaming.
In FY2015, we reduced CO2 emissions per ton-mile by 3.0% in comparison with the previous year.