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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, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
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- Agrawal Coal Company - India
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- Commonwealth Bank - Australia
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- International Coal Ventures Pvt Ltd - India
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- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
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- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
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- Electricity Generating Authority of Thailand
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- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
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- Kartika Selabumi Mining - Indonesia
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- Central Electricity Authority - India
- Wilmar Investment Holdings
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- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
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- Indian Energy Exchange, India
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- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
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- The State Trading Corporation of India Ltd
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- Indonesian Coal Mining Association
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- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
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- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
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- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
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- SMC Global Power, Philippines
- Thiess Contractors Indonesia
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- The University of Queensland
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- Parliament of New Zealand
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- Eastern Coal Council - USA
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- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
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