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China may miss LNG-fuelled ship goals – sources

The oil price slump has torpedoed China’s efforts to encourage LNG bunkering in inland shipping, and the exorbitant cost of retrofitting vessels has only made matters worse.

A dual LNG-diesel vessel. Shipping companies have few incentives to switch fuels. (Jiangsu Fuhai Million Energy) A dual LNG-diesel vessel. Shipping companies have few incentives to switch fuels. (Jiangsu Fuhai Million Energy)

The oil price slump has torpedoed China’s efforts to encourage LNG bunkering in inland shipping, and the exorbitant cost of retrofitting vessels has only made matters worse.