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Japanese financing firm to buy new LNG ships through billion-dollar fund

A Japanese financing firm is setting up a new fund of more than USD 5 billion for buying up LNG ships. The ships will be chartered out to major Japanese shipping companies, which thus get access to greener vessels without expanding their balance sheets.

Photo: Darryl Dyck/AP/Ritzau Scanpix

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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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