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Bourbon set to divest nearly 100 ships with rescue plan

After months of work, creditors have approved a rescue plan for crisis-stricken Bourbon. The offshore company is released from 60 percent of its debt and receives new capital as well as new co-owners. The condition is a major sale of ships.

Photo: Bourbon

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World bank calls LNG a dead end as fuel for shipping

LNG is a risk-fraught waste of time as a fuel for shipping, and it will only delay the transition to sustainable fuels, warned the the UK's High-Level Climate Action Champion at the presentation of an LNG report from the World Bank.

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