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Consumers may have to pay more for goods as shipping lines switch to cleaner fuels
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Businesses that ship merchandise around the world, as well the consumers buying those products, must be prepared to pay more.
PHOTO: PEXELS
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SINGAPORE - More vessels that run on cleaner fuels are being built, as pressure mounts from regulators, shareholders and customers for freight liners to ship cargo more sustainably.
This will invariably lead to higher costs for companies and consumers, but the industry needs to take action, say experts.
