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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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Saturday, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...
Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...
Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...
Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
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- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
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