We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 14 December 16
20/20 VISION! - JOHN N. COTZIAS
 2020; A year that could be changing shipping. In early November, the International Maritime Organization (IMO) announced that it would set a 0.5% sulphur cap on shipping emissions by 2020. This ruling applies to ships worldwide, and ships will have to ensure that the use of fuel oil on board meets the new sulphur content requirement. The current limit is set at 3.5% and shipowners will have more than 3 years to reduce the marine Sulphur usage by 7 times below current limits.
The Sulphur cap aims to provide a significant benefit to the environment and human health, particularly near port cities and coastal communities. Newer ships with advanced fuel options are being built, however older ships will have to choose between paying more for fuel and installing equipment to reduce emissions. Main engines, auxiliary engines and boilers are all considered areas of fuel usage on board ships.
Today, there are different blends of low sulphur fuel in different geographical locations and compatibility of these is still questioned. However, taking into account today’s bunker prices, using the low sulphur fuel poses a $200/tonne extra cost. The use of exhaust gas cleaning systems known as “Scrubbers” is the only solution for vessels to comply with gas emissions and allow them to continue using their normal fuel. Estimated cost of installing scrubbers on existing ships ranges from $ 1.3 million and can reach levels exceeding $ 3.0 million on larger and more demanding ships needing extensive funnel and steel modifications. Even so, scrubbers are not totally eco-friendly. Current systems involve either wet exhaust Vs dry exhaust or open loop vs closed loop technologies. In cases of closed loop and wet exhaust systems the collection of the particulates and the proper ecological disposal of same has to be addressed. This is another product that will have a disposal cost which, significant or not, still poses an additional running cost.
The biggest concern that may also be a game changer in our industry is that today and most likely by 2020 there is the possibility for existing refinery capacity proving inadequate to meet demand for clean fuel. Capacity is one question and geographical location is another. New refineries will need to be created with more capacity, also in more strategic locations and we see a major logistical undertaking for all links in the bunker supply chain. This need may impose new trade routes for product tankers and increased demand for these will benefit freight rates. Many countries say that 2020 is too soon and propose 2025 as a safer implementation date. However the decision of switching to more expensive fuel vs installing scrubbers is the result of the following formula; Daily Consumption X Extra $200/tonne X Years of projected operation of the vessel. If the ship has few years left until the end of its life, and if its second-hand price over its scrap price is marginally close to the cost of installing scrubbers then there is a greater possibility that she will be scrapped. This applies to all ship types and may lead to a mass exodus… towards the beaches. Supply of tonnage will be reduced giving freight rates a serious boost.
So in 2020, the 0.5% sulphur regulation together with the implementation of the Water Ballast Treatment convention will present two major costs that will dictate who goes to the beach and who is destined for more voyages ahead…!!!
“20/20 Vision” will be needed in our ship investments going forward with the pre-mentioned issues being the determining factor for the age of the asset one invests in today.
By John N. Cotzias
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 25 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FOURTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million short ton ...
Wednesday, 20 September 17
SHIPPING MARKET INSIGHT - INTERMODAL
An undoubtedly interesting market lately is the newbuilding market, in which we are witnessing numerous orders across all sectors and sizes. At the ...
Monday, 18 September 17
COAL PRICES WERE RELATIVELY UNCHANGED WEEK OVER WEEK - ANZ
COALspot.com: Coal prices were relatively unchanged, with most interest remaining in the thermal coal market said Daniel Hynes. However, falling st ...
Monday, 18 September 17
PROSPECTS ARE NOT SO CLEAR CUT FOR COAL - CLARKSONS
Prospects are not so clear-cut for coal. According to Clarksons, coal has been a key energy source since the Industrial Revolution and in 2016, ste ...
Friday, 15 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE THIRD WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
|
|
|
Showing 1936 to 1940 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Parliament of New Zealand
- The University of Queensland
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
|
| |
| |
|
