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The Key to Success in Rising Up the Corporate World
The global shipping industry contributes about three percent of the CO2 emissions globally. Currently we're building 25 new vessels and these vessels are dual fuel vessels so not only do they run on traditional fuel oil but they also run on liquefied natural gas. LNG on its own reduces CO2 emissions around 20 percent. They comprise about 2.9 billion dollars worth of investment. This green bond was actually the first time that this form of financing had been used in the US market for the maritime sector.