Volkswagen has ordered four new liquefied natural gas fuelled car carrying ships for delivery by the end of 2023 as it looks to reduce its carbon emissions. The firm has a significant exposure to the EU’s inclusion of shipping in the Emissions Trading Scheme. Shipments from Germany accounted for 54.7% of U.S. seaborne imports linked in the 12 months to June 30. Volkswagen’s activity has yet to return to pre-pandemic levels with U.S.-seaborne import handling by the firm’s in-house shipping line decreased by 30.8% year over year in Q2’21 versus Q2’19. Nissan’s in-house carrier faces a simi...
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