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Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
 KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by using Very Low Sulphur Fuel Oil or Low Sulphur Marine Gas Oil. In this interview; CEO, Ivar Myklebust gives more background to the decision.
“We have ordered zero scrubbers and will order no more”, says Ivar Myklebust, CEO of Höegh Autoliners. ”There are many reasons to why we have decided against scrubbers”.
Moving the problem from air to sea
“First of all, the reasoning behind the IMO 2020 regulation is to reduce emissions from the global trading fleet. I am not so sure scrubbers will support that mission”, Ivar says.
A scrubber works as a cleaning entity on board; it cleans the exhaust from particulates before the exhaust is emitted to the air. However, the residual does not go away, and the scrubber systems wash this in to the sea.
“Surely, scrubbers will reduce emissions to air, but it appears as it will just move the emissions to the sea instead.” Ivar says.
Scrubbers increase the fuel usage
He continues: “Implementing a scrubber can actually end up increasing the Co2 footprint of a vessel. The scrubber adds weight to the vessel and requires tens of thousands of tons of water to wash through the systems each day. This requires energy and energy comes from burning more fuel, in this case High Sulphur Fuel.”
Port areas are banning scrubbers
Another reason for deciding against scrubbers is that ports have already started to ban open loop scrubber. Shanghai wider port area and Singapore are two ports that have implemented the ban and it is quite likely that Sulfur Emission Control Areas (SECAs) will follow. The Port of Fujairah is furthermore forbidding the discharge of wastewater with sulphur.
“If this is a trend it is impossible to say, but it looks like more ports will follow”, Ivar says. “Considering that each of Höegh Autoliners’ vessels, spend 60-70 days in ports annually, often in areas where scrubbers are banned, it makes little sense for us to invest in scrubbers.“
Vessel design
“Structurally, Pure Car and Truck Carriers are also not ideal for scrubbers. Fourteen decks high, it is challenging to put in a scrubber that should go from the engine room up through the whole vessel to the chimney.” Ivar says.
In-efficient industry model
Then there is the point of doing what you do best. Refineries are set to refine oil at large scale and do it efficiently. All logic says that having 70 000 mini-refineries sailing around the globe is not the most efficient way of dealing with the new give.
“Why focus on using a product that will be banned?” Ivar questions, aiming at the High Sulphur Fuel that the scrubber advocates will continue using. “I want to hear from the refineries how they will secure us with sufficient supply of a product that is legal, namely the Very Low Sulphur Fuel Oil and Low Sulphur Marine Gas Oil.”
Bunker Adjustment Factor
No matter how you do it, transporting cargo by sea will be more expensive from 1 January 2020. Those that invest in scrubbers will need their investments to be paid off and for those using Very Low Sulphur Fuel Oil or Low Sulphur Marine Gas Oil, the fuel will be considerably more expensive.
“With shipping rates already down at unsustainable levels in the RoRo industry, this is not a cost that can be carried by the shipping lines.” Ivar says. “In our industry, the standard is to share the risk and return of bunker price shifts with the customers, through a Bunker Adjustment Factor in the contracts. Focus is now on assuring that all our contracts reflect the new standard bunker point, as we approach end of 2019.”
Source: Höegh Autoliners
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Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize
The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...
Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize
Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...
Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE
Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...
Wednesday, 12 June 19
KOSPO INVITES BIDS FOR 140,000 MT OF 4,600 NCV COAL FOR SEP. 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 140,000 MT of minimum 4,600 kcal/kg NCV coal ...
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- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- PTC India Limited - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Planning Commission, India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
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