Alfa Laval AB and Waertsilae Oyj, two Nordic makers of machines that remove sulfur from ship fumes, are poised to benefit as the owners of some 2,000 vessels race to comply with stricter rules for the Baltic Sea.
Seventeen-year-old Aguna Xavier breaks down in tears when she talks about her dead older brother. He was shot in February after Italian marines protecting a commercial tanker allegedly mistook him for a pirate off the coast of India, where he fished to earn a living.
Nordic papermakers accounting for a fifth of global output are fighting curbs on sulfur emissions from ships in the Baltic Sea that they say will make transport costs higher than for rivals in regions where limits are lower.
Liquefied natural gas will become the dominant fuel source for all merchant ships within 40 years as environmental pressures force owners to use cleaner burning fuel, the world’s fourth-largest vessel classifier said.