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Wed, Feb

Following the first bunkering transfer, the UK’s Portsmouth International Port has now introduced LNG bunkering for vessels sailing into and out of the port as it strives to become carbon neutral by 2030 and emissions-free by 2050.

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A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless it undergoes costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.

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