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Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
 This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling only once every seven years.
Lloyd’s Register, one of the societies that set safety standards for shipbuilding, has started to rewrite its rules for nuclear-powered ships.
And it has joined a research consortium to explore the potential for nuclear propulsion of future generations of supertankers up to 150,000 tonnes.
It is confident that within a decade nuclear reactors the size of a garden shed will be propelling huge tankers at up to 35 knots, double the present average cruising speeds.
‘This is a very exciting project,’ said Lloyd’s Register chief executive Richard Sadler. ‘We believe that as society recognises the limited choices available in the low carbon, oil-scarce economy – and as land based nuclear plants become commonplace – we will see nuclear ships sooner than many people expect.’
The first step is to fit reactors made by US company Hyperion Power Generation, based near the nuclear research facility in Los Alamos, New Mexico, in conventional supertankers.
Greek shipping company, Enterprises Shipping and Trading of Athens is part of the consortium and with the help of renowned ship designer BMT Nigel Gee of Southampton, the plan is to design and build modular ships that would enable the cargo section to be detached and towed into harbour while the nuclear ‘mothership’ anchored offshore.
The impetus for this push into carbon-free propulsion comes from the recognition that shipping is environmentally dirty – marine engines use ‘bunker’ fuel, the low grade oil other industries do not want.
Fear is also growing that new rules will effectively fine shipowners for pollution from tankers. A study by the UN calculated that by 2008 annual emissions from the world’s merchant fleet had already reached 1.12 billion tonnes of CO2 – nearly 4.5 per cent of global emissions.
Shipowners are increasingly aware of the problem. Captain Wei Jiafu, chief executive of Chinese -owned shipping group Cosco, suggested at a recent conference that he was in favour of nuclear power on merchant ships.
‘As they are already on board submarines, why not cargo ships?’ he said before revealing that Cosco was in talks with national nuclear authorities to develop nuclear powered ships.
Source: This Is Money / Hellenic Shipping
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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
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- Mjunction Services Limited - India
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- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Parliament of New Zealand
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- Goldman Sachs - Singapore
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- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
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- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- McConnell Dowell - Australia
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- Banpu Public Company Limited - Thailand
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- Minerals Council of Australia
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- Grasim Industreis Ltd - India
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- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
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- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
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- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
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- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
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- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
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- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
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- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Planning Commission, India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
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- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
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- Neyveli Lignite Corporation Ltd, - India
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- GVK Power & Infra Limited - India
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- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
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- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
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- Global Green Power PLC Corporation, Philippines
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