Oil company Shell and the second-largest container carrier in the world, MSC, have launched a new venture, which not least seeks to strike a blow for liquefied natural gas (LNG) as the marine fuel of the future in shipping.
The two parties will explore the opportunities for using LNG as a transition fuel for shipping as part of the green transition efforts.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.