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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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Thursday, 05 April 18
INDONESIA TO POSTPONE NEW COAL, PALM OIL SHIPPING RULES TO 2020 - REUTERS
Indonesia will delay until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, government offic ...
Tuesday, 03 April 18
MARKET ANALYSIS - GEORGE LAZARIDIS
In the midst of a relatively quiet week for markets, with disruptions being caused by the Christian holidays, it seems as though we find ourselves ...
Monday, 02 April 18
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT, SAYS VISTAAR
The freight market softening to continue. Thursday, March 29, 2018, the Baltic Dry Index decreased by 42 points, reaching 1080 points.
T ...
Monday, 02 April 18
THIESS TO DELIVER $150M SENAKIN CONTRACT EXTENSION
Thiess has secured a $150 million contract extension to provide mine services at Arutmin’s Senakin coal mine in South Kalimantan, Indonesia.
...
Monday, 02 April 18
THIESS SECURES $240M SATUI EXTENSION
The successful implementation of an innovative mining plan by Thiess at the Satui coal mine in South Kalimantan, has resulted in a $240 million con ...
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- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
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