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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, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Ambuja Cements Ltd - India
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- Baramulti Group, Indonesia
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- LBH Netherlands Bv - Netherlands
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- Directorate General of MIneral and Coal - Indonesia
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- Merrill Lynch Commodities Europe
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- Global Green Power PLC Corporation, Philippines
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- Standard Chartered Bank - UAE
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- Wilmar Investment Holdings
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- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
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- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Marubeni Corporation - India
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- Electricity Authority, New Zealand
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- Eastern Coal Council - USA
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- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- The University of Queensland
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- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
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- Meralco Power Generation, Philippines
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- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
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- Interocean Group of Companies - India
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- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
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- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
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- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Australian Coal Association
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- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
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- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
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- Independent Power Producers Association of India
- PTC India Limited - India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
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- SMG Consultants - Indonesia
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- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Agrawal Coal Company - India
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