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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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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
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- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Australian Coal Association
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Planning Commission, India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
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