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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 same time, we have observed that specialized agencies of the United Nations such as the International Maritime Organization (IMO) have recently strengthened their regulations, in an effort to prevent pollution globally, protect the marine environment and improve safety and security aboard as well as ashore.
Amidst the regulations that have entered into force on January 1st 2016 is the part of the revised MARPOL Annex VI for the NOx Tier III limits, that owners need to comply with in order to trade in ECA areas. As a result, taking into consideration this new regulation, keel-laid vessels will need their engines to comply with the regulation.
To put things into perspective it is helpful to examine the best practices for design of ships subject to NOx Tier III requirements: The first option is the Selective catalytic reduction (SCR) that is an advanced active emissions control technology system that injects a liquid-reductant agent through a special
catalyst into the exhaust stream of a diesel engine.
As a result the vessel will be Tier III compliant and the NOx reduction is more than 80%, with the only disadvantage being the high cost of investment. The second option is the Exhaust Gas Recirculation (EGR), where NOx emissions will be reduced by using internal engine technology, without making use of installing after-treatment devices. In detail, NOx emissions will be achieved by cooling some of the exhaust gas and redirecting it back into the charge air to be used again in the combustion process. Well known engine manufacturers have started to implement this option. An example is MAN Diesel & Turbo which recently announced that it will offer the world’s first IMO-certified two-stroke engine with Tier III NOx control and EGR systems. However, this option has some risks as until today there is limited operational experience and similar to the SCR system the cost of investment is rather high.
All in all, there is no absolute answer for the best option to comply with. Both options are Tier III compliant, but have different features. For instance, OPEX costs in the EGR system are low, whereas in the SCR systems are high. Furthermore, the SCR system requires more space compared to the EGR system which is more compact. Also, EGR can be combined with SOx scrubber, whereas the SCR can be combined in some cases. Lastly, there is possible impact on engine durability in the EGR, where on the contrary in the SCR there is none.
Apart from the aforementioned systems that achieve Tier III-compliance together with the LNG fuelled vessels, there are other options under development for the reduction of NOx emissions, such as the use of alternative fuels, the Direct water injection (DWI) where up to 50% NOx reduction can be achieved, the Fuel-water emulsion (FWE) where the NOx reduction can be up to 30%. Lastly, the Intake air humidification and humid air motors (HAM) where NOx emissions can be from 30% to 70%.
The shipping industry is evolving day by day in an effort to adapt to new technologies such as auto manning vessels and 3D printing. Let’s see what is next…
By George Panagopoulos
Research Analyst
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, 07 September 17
CAPESIZE: EARNINGS FOR THE BIG SHIPS KEEP UP NICELY AS DIPS ARE MODERATE AND SHORT-LIVED - FEARNLEYS
Supramax
Fewer activities in the Atlantic in start of the week with the US holidays. Owners were asking around low USD 20k for trip ex USG to Far ...
Thursday, 07 September 17
TALK OF CONSTRAINTS ON CHINESE COAL OUTPUT PUSHED PRICES HIGHER - DANIEL HYNES
Commodity markets were largely higher as a weaker USD boosted investor appetite.
According to Daniel Hynes, Senior Commodity Strategist at ANZ ...
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover ...
Wednesday, 06 September 17
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
The impact of Hurricane Harvey, which made landfall on 25th of August in South East coastline of Texas area has been the major concern of the shipp ...
Tuesday, 05 September 17
COAL: A STRONG MOVEMENT IN THE COAL MARKET OVER THE SUMMER MONTHS - GEORGE LAZARIDIS
We have been witnessing a strong movement in the coal market over the summer months something that has not only helped boost prices for the commodi ...
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Showing 1951 to 1955 news of total 6871 |
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- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Australian Coal Association
- White Energy Company Limited
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
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