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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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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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Showing 61 to 65 news of total 6871 |
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- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
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