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Shell linked to LNG-fuelled VLCC orders at DSME

A Chinese leasing executive said his company remained interested in Shell’s ordering plan and might join the project ‘if the price is appropriate’. An internal project of Shell sought to slash the differential with the price of an oil-fuelled VLCC newbuilding by 25% to 50%

The energy giant, a strong advocate of using liquified natural gas as a marine fuel, is said to be discussing with several owners about working together on the newbuilding project that could be worth more than $1bn, according to sources familiar with the matter

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