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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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Friday, 04 August 17
IMPORTED COAL CONTINUES TO BE A COMPETITIVE, SAFE AND RELIABLE ENERGY SOURCE FOR GERMANY - VDKI
COALspot.com: Worldwide hard coal production in 2016 declined by 3.8% to 6.7 billion tonnes.
According to the Germany Coal Importers Associati ...
Thursday, 03 August 17
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE GETTING FIXED AROUND MID $8000 - FEARNLEYS
In the Pacific rates have remained weak and under pressure this week with most routes softening.
Indo/China coal rounds are getting fixed arou ...
Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 c ...
Wednesday, 02 August 17
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
During the duration of the first half of the year, the dry bulk market saw intense buying interest that boosted SnP prices significantly. We saw a ...
Monday, 31 July 17
KOMIPO INVITES BIDS FOR 750K MT OF 5,700 KCAL/KG NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 750,000 Metric Tons of Bituminous coal for its B ...
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Showing 1986 to 1990 news of total 6871 |
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- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- White Energy Company Limited
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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