COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 65.79 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

Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.   ...


Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...


Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...


Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah.  The tankers hit were waiving international flags such as that of No ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5538
News by Category
Popular News
 
Total Members : 26,487
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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