COALspot.com keeps you connected across the coal world
  • AUGUST 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 72.67 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
Höegh Autoliners LogoKNOWLEDGE TO ELEVATE

Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by using Very Low Sulphur Fuel Oil or Low Sulphur Marine Gas Oil. In this interview; CEO, Ivar Myklebust gives more background to the decision.
 
“We have ordered zero scrubbers and will order no more”, says Ivar Myklebust, CEO of Höegh Autoliners. ”There are many reasons to why we have decided against scrubbers”.
 
Moving the problem from air to sea
“First of all, the reasoning behind the IMO 2020 regulation is to reduce emissions from the global trading fleet. I am not so sure scrubbers will support that mission”, Ivar says.
 
A scrubber works as a cleaning entity on board; it cleans the exhaust from particulates before the exhaust is emitted to the air. However, the residual does not go away, and the scrubber systems wash this in to the sea.
 
“Surely, scrubbers will reduce emissions to air, but it appears as it will just move the emissions to the sea instead.” Ivar says.
 
Scrubbers increase the fuel usage
He continues: “Implementing a scrubber can actually end up increasing the Co2 footprint of a vessel. The scrubber adds weight to the vessel and requires tens of thousands of tons of water to wash through the systems each day. This requires energy and energy comes from burning more fuel, in this case High Sulphur Fuel.”
 
Port areas are banning scrubbers
Another reason for deciding against scrubbers is that ports have already started to ban open loop scrubber. Shanghai wider port area and Singapore are two ports that have implemented the ban and it is quite likely that Sulfur Emission Control Areas (SECAs) will follow. The Port of Fujairah is furthermore forbidding the discharge of wastewater with sulphur.
 
“If this is a trend it is impossible to say, but it looks like more ports will follow”, Ivar says. “Considering that each of Höegh Autoliners’ vessels, spend 60-70 days in ports annually, often in areas where scrubbers are banned, it makes little sense for us to invest in scrubbers.“
 
Vessel design
“Structurally, Pure Car and Truck Carriers are also not ideal for scrubbers. Fourteen decks high, it is challenging to put in a scrubber that should go from the engine room up through the whole vessel to the chimney.” Ivar says.
 
In-efficient industry model
Then there is the point of doing what you do best. Refineries are set to refine oil at large scale and do it efficiently. All logic says that having 70 000 mini-refineries sailing around the globe is not the most efficient way of dealing with the new give.
 
“Why focus on using a product that will be banned?” Ivar questions, aiming at the High Sulphur Fuel that the scrubber advocates will continue using. “I want to hear from the refineries how they will secure us with sufficient supply of a product that is legal, namely the Very Low Sulphur Fuel Oil and Low Sulphur Marine Gas Oil.”
 
Bunker Adjustment Factor
No matter how you do it, transporting cargo by sea will be more expensive from 1 January 2020. Those that invest in scrubbers will need their investments to be paid off and for those using Very Low Sulphur Fuel Oil or Low Sulphur Marine Gas Oil, the fuel will be considerably more expensive.
 
“With shipping rates already down at unsustainable levels in the RoRo industry, this is not a cost that can be carried by the shipping lines.” Ivar says. “In our industry, the standard is to share the risk and return of bunker price shifts with the customers, through a Bunker Adjustment Factor in the contracts. Focus is now on assuring that all our contracts reflect the new standard bunker point, as we approach end of 2019.”
Source: Höegh Autoliners


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 05 August 19
SUPRAMAX: COAL FROM INDONESIA TO CHINA PAID AT MID $8,000S ON A 57,000-TONNER DELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize Having hit a high of $32,963 early last week, the Capesize 5TC now stands at $25,749. This is over 20% of its value lost in 10 days. C ...


Thursday, 01 August 19
PANAMAX: THE SENTIMENT IN THE MARKET IS STILL POSITIVE FOR THE LONGER TERM - FEARNLEYS
Capesize Two weeks ago the 5TC index was at 33,000 USD pd. Since then it has fallen off a bit and has stayed around 27,000 USD pd the last week ...


Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...


Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...


Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5523
News by Category
Popular News
 
Total Members : 26,432
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Pendopo Energi Batubara - Indonesia
  • ASAPP Information Group - India
  • Ministry of Finance - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Britmindo - Indonesia
  • BRS Brokers - Singapore
  • Coal and Oil Company - UAE
  • Asian Development Bank
  • Total Coal South Africa
  • Mjunction Services Limited - India
  • Geoservices-GeoAssay Lab
  • Tanito Harum - Indonesia
  • Banpu Public Company Limited - Thailand
  • Manunggal Multi Energi - Indonesia
  • Goldman Sachs - Singapore
  • SGS (Thailand) Limited
  • Tata Power - India
  • Globalindo Alam Lestari - Indonesia
  • SUEK AG - Indonesia
  • Deutsche Bank - India
  • ANZ Bank - Australia
  • Minerals Council of Australia
  • Bukit Baiduri Energy - Indonesia
  • Mitra SK Pvt Ltd - India
  • Independent Power Producers Association of India
  • Mechel - Russia
  • UOB Asia (HK) Ltd
  • Indogreen Group - Indonesia
  • ETA - Dubai
  • Bukit Makmur.PT - Indonesia
  • Bulk Trading Sa - Switzerland
  • Ambuja Cements Ltd - India
  • U S Energy Resources
  • Kohat Cement Company Ltd. - Pakistan
  • Mercator Lines Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Kobexindo Tractors - Indoneisa
  • TeaM Sual Corporation - Philippines
  • Indonesia Power. PT
  • White Energy Company Limited
  • TNPL - India
  • Coaltrans Conferences
  • Mitsubishi Corporation
  • Rio Tinto Coal - Australia
  • Marubeni Corporation - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Asia Cement - Taiwan
  • Cosco
  • Glencore India Pvt. Ltd
  • McConnell Dowell - Australia
  • Agrawal Coal Company - India
  • Krishnapatnam Port Company Ltd. - India
  • KPMG - USA
  • Anglo American - United Kingdom
  • Enel Italy
  • International Coal Ventures Pvt Ltd - India
  • Argus Media - Singapore
  • Kartika Selabumi Mining - Indonesia
  • SRK Consulting
  • Siam City Cement - Thailand
  • GB Group - China
  • KOWEPO - South Korea
  • Fearnleys - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Jatenergy - Australia
  • Ernst & Young Pvt. Ltd.
  • Binh Thuan Hamico - Vietnam
  • Thai Mozambique Logistica
  • Interocean Group of Companies - India
  • Malco - India
  • Maybank - Singapore
  • Global Coal Blending Company Limited - Australia
  • TNB Fuel Sdn Bhd - Malaysia
  • CCIC - Indonesia
  • Bhoruka Overseas - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • GNFC Limited - India
  • Central Electricity Authority - India
  • Kaltim Prima Coal - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • HSBC - Hong Kong
  • Freeport Indonesia
  • Standard Chartered Bank - UAE
  • Karbindo Abesyapradhi - Indoneisa
  • Infraline Energy - India
  • Parry Sugars Refinery, India
  • WorleyParsons
  • Gujarat Electricity Regulatory Commission - India
  • PLN - Indonesia
  • Carbofer General Trading SA - India
  • Toyota Tsusho Corporation, Japan
  • Cement Manufacturers Association - India
  • Planning Commission, India
  • OCBC - Singapore
  • Siam City Cement PLC, Thailand
  • SASOL - South Africa
  • Commonwealth Bank - Australia
  • BNP Paribas - Singapore
  • Medco Energi Mining Internasional
  • Port Waratah Coal Services - Australia
  • Sindya Power Generating Company Private Ltd
  • Gujarat Sidhee Cement - India
  • Lafarge - France
  • JPMorgan - India
  • Reliance Power - India
  • Riau Bara Harum - Indonesia
  • The University of Queensland
  • Moodys - Singapore
  • CoalTek, United States
  • Mintek Dendrill Indonesia
  • Xstrata Coal
  • Indian School of Mines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Straits Asia Resources Limited - Singapore
  • Karaikal Port Pvt Ltd - India
  • Ministry of Transport, Egypt
  • Bank of China, Malaysia
  • Inco-Indonesia
  • ACC Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Merrill Lynch Commodities Europe
  • Barclays Capital - USA
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Sakthi Sugars Limited - India
  • World Coal - UK
  • Thermax Limited - India
  • Coalindo Energy - Indonesia
  • bp singapore
  • Barasentosa Lestari - Indonesia
  • Merrill Lynch Bank
  • European Bulk Services B.V. - Netherlands
  • Antam Resourcindo - Indonesia
  • Star Paper Mills Limited - India
  • The India Cements Ltd
  • Sucofindo - Indonesia
  • Central Java Power - Indonesia
  • Bharathi Cement Corporation - India
  • Tamil Nadu electricity Board
  • IOL Indonesia
  • PLN Batubara - Indonesia
  • Renaissance Capital - South Africa
  • Kalimantan Lumbung Energi - Indonesia
  • Bank of America
  • Singapore Mercantile Exchange
  • Bukit Asam (Persero) Tbk - Indonesia
  • Indonesian Coal Mining Association
  • SMG Consultants - Indonesia
  • Thomson Reuters GRC
  • The State Trading Corporation of India Ltd
  • Economic Council, Georgia
  • Altura Mining Limited, Indonesia
  • Sical Logistics Limited - India
  • Videocon Industries ltd - India
  • Ince & co LLP
  • DBS Bank - Singapore
  • Shree Cement - India
  • Pinang Coal Indonesia
  • Trasteel International SA, Italy
  • Electricity Generating Authority of Thailand
  • Australian Coal Association
  • Credit Suisse - India
  • Bhatia International Limited - India
  • Deloitte Consulting - India
  • TANGEDCO India
  • Samsung - South Korea
  • Posco Energy - South Korea
  • Metalloyd Limited - United Kingdom
  • Leighton Contractors Pty Ltd - Australia
  • Attock Cement Pakistan Limited
  • Chettinad Cement Corporation Ltd - India
  • JPower - Japan
  • Kideco Jaya Agung - Indonesia
  • Indika Energy - Indonesia
  • Tata Chemicals Ltd - India
  • Berau Coal - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Surastha Cement
  • globalCOAL - UK
  • Platts
  • KPCL - India
  • Peabody Energy - USA
  • Africa Commodities Group - South Africa
  • Directorate Of Revenue Intelligence - India
  • CESC Limited - India
  • Panama Canal Authority
  • ING Bank NV - Singapore
  • Vedanta Resources Plc - India
  • Borneo Indobara - Indonesia
  • Price Waterhouse Coopers - Russia
  • GAC Shipping (India) Pvt Ltd
  • Romanian Commodities Exchange
  • Bhushan Steel Limited - India
  • Indian Oil Corporation Limited
  • ICICI Bank Limited - India
  • Thriveni
  • Aboitiz Power Corporation - Philippines
  • Grasim Industreis Ltd - India
  • Japan Coal Energy Center
  • Wilmar Investment Holdings
  • South Luzon Thermal Energy Corporation
  • Vale Mozambique
  • PNOC Exploration Corporation - Philippines
  • Petrosea - Indonesia
  • VISA Power Limited - India
  • Thailand Anthracite
  • Bangkok Bank PCL
  • APGENCO India
  • Malabar Cements Ltd - India
  • Bangladesh Power Developement Board
  • Vizag Seaport Private Limited - India
  • Orica Australia Pty. Ltd.
  • Russian Coal LLC
  • The Treasury - Australian Government
  • Jindal Steel & Power Ltd - India
  • Makarim & Taira - Indonesia
  • Maruti Cements - India
  • Sinarmas Energy and Mining - Indonesia
  • Coastal Gujarat Power Limited - India
  • Indorama - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Runge Indonesia
  • Madhucon Powers Ltd - India
  • Orica Mining Services - Indonesia
  • GMR Energy Limited - India
  • Humpuss - Indonesia
  • Energy Link Ltd, New Zealand
  • Gresik Semen - Indonesia
  • Sree Jayajothi Cements Limited - India
  • UBS Singapore
  • Savvy Resources Ltd - HongKong
  • Indo Tambangraya Megah - Indonesia
  • IBC Asia (S) Pte Ltd
  • McKinsey & Co - India
  • Bayan Resources Tbk. - Indonesia
  • EIA - United States
  • Mercuria Energy - Indonesia
  • MEC Coal - Indonesia
  • CNBM International Corporation - China
  • Core Mineral Indonesia
  • Samtan Co., Ltd - South Korea
  • Ministry of Mines - Canada
  • Latin American Coal - Colombia
  • Idemitsu - Japan
  • Permata Bank - Indonesia
  • Simpson Spence & Young - Indonesia
  • NTPC Limited - India
  • J M Baxi & Co - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Intertek Mineral Services - Indonesia
  • Uttam Galva Steels Limited - India
  • Parliament of New Zealand
  • Meenaskhi Energy Private Limited - India
  • Kumho Petrochemical, South Korea
  • MS Steel International - UAE
  • Mitsui
  • Kapuas Tunggal Persada - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Jaiprakash Power Ventures ltd
  • Cardiff University - UK
  • Eastern Coal Council - USA
  • Directorate General of MIneral and Coal - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Shenhua Group - China
  • Rudhra Energy - India
  • Power Finance Corporation Ltd., India
  • Kobe Steel Ltd - Japan
  • KEPCO - South Korea
  • IEA Clean Coal Centre - UK
  • Cemex - Philippines
  • New Zealand Coal & Carbon
  • Arutmin Indonesia
  • Formosa Plastics Group - Taiwan
  • Coeclerici Indonesia
  • Georgia Ports Authority, United States
  • Arch Coal - USA
  • Aditya Birla Group - India
  • Alfred C Toepfer International GmbH - Germany
  • Thiess Contractors Indonesia
  • Noble Europe Ltd - UK
  • PetroVietnam
  • LBH Netherlands Bv - Netherlands
  • PowerSource Philippines DevCo
  • Maheswari Brothers Coal Limited - India
  • EMO - The Netherlands
  • Eastern Energy - Thailand
  • London Commodity Brokers - England
  • Wood Mackenzie - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Qatrana Cement - Jordan
  • Cigading International Bulk Terminal - Indonesia
  • Coal India Limited
  • Maharashtra Electricity Regulatory Commission - India
  • Adani Power Ltd - India
  • World Bank
  • Australian Commodity Traders Exchange
  • Clarksons - UK
  • Platou - Singapore
  • Salva Resources Pvt Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Rashtriya Ispat Nigam Limited - India
  • Maersk Broker
  • Adaro Indonesia
  • RBS Sempra - UK
  • IMC Shipping - Singapore
  • Sojitz Corporation - Japan
  • Cargill India Pvt Ltd
  • CIMB Investment Bank - Malaysia
  • Coal Orbis AG
  • Inspectorate - India
  • Chamber of Mines of South Africa
  • Oldendorff Carriers - Singapore
  • GVK Power & Infra Limited - India
  • Dalmia Cement Bharat India
  • India Bulls Power Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Larsen & Toubro Limited - India
  • Gupta Coal India Ltd
  • Timah Investasi Mineral - Indoneisa
  • Lanco Infratech Ltd - India
  • Edison Trading Spa - Italy
  • Vitol - Bahrain
  • Heidelberg Cement - Germany
  • NALCO India
  • Jorong Barutama Greston.PT - Indonesia
  • Essar Steel Hazira Ltd - India
  • GHCL Limited - India
  • PTC India Limited - India
  • Xindia Steels Limited - India