China COSCO Suspended nuclear powered shipping study
China COSCO Holdings Co Ltd, the country's biggest shipping conglomerate by market value, said it has suspended its research into nuclear power as an alternative energy to replace fuel oil in vessels after Japan's nuclear incident.The study on nuclear, wind and solar power, undertaken to find ways to cut carbon emissions, has been under way for almost three years and had made significant progress, said Wei Jiafu, president of China Ocean Shipping (Group) Co (COSCO), the parent of China COSCO.
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