The charges come in a report by a major NGO eco lobby, the European Federation for Transport and Environment (T&E), which said MSC emissions are much higher than those allowed under European Union regulations under the Monitoring, Reporting and Verification (MRV) system.

The Italian-Swiss Geneva-based company, the world's second biggest container carrier, says the fault lies in comparing MSC emissions worldwide against its emissions in EU waters.

"A complete analysis would show that only 40-45 per cent of the emissions reported by MSC in the MRV were actually in the EU. In addition, a correct analysis would also show that MSC has achieved 2.5 per cent year-over-year reduction in absolute emissions under the EU MRV scheme in a single year," the company said.

"In addition to its massive investment in reducing emissions, MSC fully supports reporting CO2 emissions transparently and precisely in the European Union (EU) Monitoring, Reporting and Verification (MRV) system, as mandated by EU legislation.

"To provide a comprehensive and accurate conclusion, CO2 emissions should be compared on an equal basis. An analysis focusing on shipping emissions in the EU should only take into account emissions which actually occurred in the EU," it said.

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