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LNG-Powered Shipping May Jump 10-Fold, Biggest Engine Maker Says

The number of ships powered by liquefied natural gas may jump 10-fold within five years as anti-pollution rules force owners to switch to the cleaner-burning fuel, the industry’s biggest engine maker said.

“LNG is the future for shipping,” Jaakko Eskola, head of ship power at Helsinki-based Waertsilae Oyj, said by phone on Nov. 12 from Shanghai. Between 800 and 1,000 vessels may use the fuel by 2015, up from about 100 today, he said.