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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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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
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- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Australian Coal Association
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
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