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China's Crackdown on Pollution Is a Boon to the World's Shipbuilders
28 Jan, 2019

The world’s biggest shipbuilder sees China’s clean-up of its smoggy skies lifting prices of the vessels this year.

As China prioritizes dealing with the smog that has famously blanketed Beijing and other big cities, the world’s second-biggest economy is increasingly turning to liquefied natural gas as a replacement for coal for heating and other purposes, boosting imports of the cleaner fuel. Hyundai Heavy Industries Co. expects orders for carriers of the gas to lead demand for new ships, Chief Executive Officer Sam H. Ka said.

Source: Bloomberg - https://www.bloomberg.com/news/articles/2019-01-28/china-s-crackdown-on-pollution-a-boon-to-world-s-shipbuilders