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Wednesday, 21 December 16
CLEANING THE OCEANS FROM PLASTIC - SOPHIE COTZIAS
 2016 is coming to a close and it finds us in preparation for the 2017 enforcement of the Ballast Water Treatment Systems. We naturally are in thought and preparation of the necessary cleaning of the ocean waters, which we utilize for the ballasting of our vessels. The cleanliness, or rather the not-so-cleanliness, of our Seas has become an issue in our business minds as well as our environmental consciousness.
An admirable young Dutch man, Boyan Slat, has triggered a viral interest and after a TEDx Talk and a huge crowdfunding campaign, more than 40,000 people from 160 countries donated in excess of 2.2 million Euros, for his plans to help deal with the growing environmental issue of Ocean plastic. He recently had the ‘North Sea Prototype’ -which investigates the survivability of the design- installed with the involvement of Boskalis. This has deployed a 100 meter-long barrier segment in the North Sea and it will remain there, for a year, testing this system in open waters for the first time. It has now been in place since June 2016.
The so called ‘Ghost nets’ are discarded fishing nets, many meters in diameter, notorious for ensnaring sea life and ship propellers. After the North Sea prototype, the intention is to carry out an aerial survey, conducting visuals over the Great Pacific Garbage Patch, also creating ‘3D images of ghost nets which can be up to 80 meters and weigh up to a ton!’ Boyan Slat explains: “We are also preparing the pilot project where the main focus of our engineering team is how the Ocean Cleanup Array (possibly up to 100 km) can be kept at its location and anchored to the seabed in a cost effective manner and in such massive depths (the ocean is 4.5 km deep at the planned site). It is important to stress that this barrier is very different from an oil boom, which is only used for a few days – the Ocean Cleanup Array has to be in place for 10 years!”
The Ocean Cleanup (a Dutch foundation developing advanced technologies to clean the oceans from plastic) results in a revenue stream, as the recycling of plastic is a high grade material that is utilized in many of our household items. This young man, Boyan Slat, is the CEO and founder of the Ocean Cleanup. He stresses that the initial findings of the expeditions have shown us that we must urgently deal with this growing accumulation of plastic.
On the road to the 2020 Cleanup there are some important milestones to be met, like the 2016 North Sea Prototype, which investigates the survivability of the design and the Aerial Expedition that took place in late September/early October this year, to accurately quantify ghost nets. It will then be followed by the first operational pilot system in Pacific Waters by late 2017.
The Ocean is the engine of all life and our business is also dependent on this. The blue heart of the planet needs our conscious contribution to ensure its support to our wellbeing. Our wish should be sharing Marine biologist Sylvia Earle’s vision, to involve ourselves in one of the many organizations like www.5gyres.org, www.conservation.org/OceanPollution, www.mission-blue.org/act, www.plasticoceans.org and the www.theoceancleanup.com mentioned above. Conscious awareness of the problem will ensure a better cleaner Ocean life.
As loads of people tweet we’re all so glad that there is hope.
By Sophie Cotzias
Managing Director
Cotzias Intermodal Shipping Inc.
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.
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Thursday, 30 March 17
WHERE AN AGREEMENT FAILS TO DELIVER - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
Watson Farley & Williams acted for MRI Trading AG in a leading case on ‘agreements to agree’ that was fin ...
Thursday, 30 March 17
PANAMAX : ACTIVITY IN THE PANAMAX MARKET HAS INCREASED SUBSTANTIALLY IN BOTH HEMISPHERES - FEARNLEYS
Supramax
This week we were looking at prolonged activity from ECSA, mostly with grain cargoes to Far East and SE Asia, where Ultras to SE Asia fi ...
Thursday, 30 March 17
THE ROLE OF COAL IN THE ENERGY SUPPLY OF THE EU-28: HANS-WILHELM SCHIFFER
The European Union (EU-28) is one of the largest economies in the world, with a gross domestic product (GDP) of €14,635 billion in 2015. It ha ...
Wednesday, 29 March 17
MARKET INSIGHT - NASOS SOULAKIS
Shipowners will always look for market signals in order to gauge market perception and decide upon which strategy to follow next. And while owners ...
Monday, 27 March 17
THE FREIGHT MARKET CONTINUED TO FIRM WEEK OVER WEEK
COALspot.com: The Freight market was continuing to firming up.
The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ros ...
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- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Planning Commission, India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
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