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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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Monday, 21 August 17
FIRM DEMAND FOR CAPES CONTINUE TO SUPPORT DRY BULK SHIPPING
COALspot.com: The freight market was continued to rose this past week compared to the previous weeks, as BDI, Cape and Panamax indexes show a posit ...
Friday, 18 August 17
U.S. WEEKLY COAL OUTPUT UP 2.1% WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 17 August 17
DESPITE A HOLIDAY-DISRUPTED WEEK IT HAS BEEN A NEW ACTIVE WEEK FOR THE PANAMAXES - FEARNLEYS
Supramax
A very quiet start to the week with holidays in several countries. USG still bringing good results supported by a tight tonnage availabl ...
Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the mos ...
Monday, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
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Showing 1966 to 1970 news of total 6871 |
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- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Economic Council, Georgia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Indika Energy - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
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