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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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Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
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- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Planning Commission, India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- MS Steel International - UAE
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
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