We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
 IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
Press Release: The vast majority of ships in the German fleet will run on the new sulphur-reduced fuel (Low Sulphur Fuel Oil, LSFO) from 1 January at the latest. This is one of the findings of a survey conducted by the German Shipowners’ Association (Verband Deutscher Reeder, VDR) among its member companies. While the body of data obtained through the survey is not representative of the German shipping industry as a whole, it does reflect views that can certainly be extrapolated since the respondents include shipping companies from every sector of the German shipping industry.
The survey was conducted against the backdrop of one of the biggest changes occurring in the shipping sector, a change that will take effect just over a month from now: following a decision by the International Maritime Organisation (IMO), a subsidiary organisation of the United Nations, ships around the world may only use fuel with a sulphur content of no more than 0.5 per cent. The standard currently in force sets the maximum limit for the sulphur content in maritime fuels at 3.5 per cent.
There are essentially three options available to shipping companies during the changeover. According to the survey, 81 per cent of the companies surveyed will be using LSFO with a sulphur content of 0.5% in the future. Eleven per cent will continue to use Heavy Fuel Oil (HFO). This is expressly permitted under the IMO rules, provided that exhaust gas purification systems, so-called scrubbers, are installed on the ships. Six per cent of respondents indicated that they will be using other fuels, such as those prescribed already since 2015 for Emission Control Areas in the North Sea and the Baltic Sea – fuels with an even lower sulphur content of 0.1 per cent. Two per cent of the ships in the German fleet will already be operated using LNG after 2020, according to the survey. “Germany’s maritime industry has carefully prepared for this enormous change. It ushers in a new era in maritime shipping, signalling the end of heavy fuel oil. We support this change and are implementing it – and in doing so, we are making an impressive contribution to long-term environmental protection,” said Ralf Nagel, CEO of the VDR.
The greatest challenge looming as part of the changeover according to the companies surveyed will be technical problems encountered during operations in the future, as well as the cost of the new fuel, and the issue of cost compensation by third parties, in particular customers. German shipping companies are also concerned about the question of availability. “There are many who fear that the new fuels could cause technical problems during operation – problems that could also have financial consequences,” said Nagel: “We therefore call on all stakeholders to be as committed and flexible as possible in preparing for the changeover, to ensure that it will become a success story.”
According to the survey, the one-off investment expenditure for companies in the lead-up to the changeover averaged € 7.5 million per shipping company. Ralf Nagel: “Considering that more than two thirds of the shipping companies in Germany are medium-sized and operate fewer than ten ships, we realise just how great the financial effort was that the individual companies had to make in preparing for the changeover.”
Moreover, the additional annual costs now facing companies would make IMO2020 probably the most elaborate regulatory measure ever implemented by the shipping industry. “Companies are particularly concerned about the fact that they will have to bear considerable additional costs in their ongoing operations in the future, and that possible compensation for these added costs by third parties, in particular customers, may not work as envisaged.”
“Of enormous importance for us is the fact that this is a worldwide regulation, one that everybody is compelled to implement. This demonstrates that the IMO is a body that is capable of taking effective action to regulate shipping worldwide. The IMO should therefore play the key role when it comes to climate protection as well. In contrast, separate regional solutions, for example in the EU, should be avoided. Their effect would be to distort competition, and ultimately they would not have a sustainable impact on the climate,” said Ralf Nagel.
With regard to the new sulphur regulation, the VDR called for effective controls by the respective port states. Nagel: “We will be relying on worldwide controls to monitor the implementation of the new regulation, so that no one can gain a prohibited competitive advantage At the same time, however, we are confident that the flag states and also the customers of the shipping companies have a great interest in ensuring that the new rules are actually complied with.”
About the German Shipowners‘ Association
The German Shipowners' Association (Verband Deutscher Reeder, VDR) is responsible for representing the common business and social policy interests of German shipping companies at federal and state government level as well as in relation to European and international bodies. The VDR was established in 1907, and in 1994 it merged with the Association of German Coastal Shipowners. With a membership of around 200, the VDR represents the majority of Germany’s merchant fleet. Further particulars are available at www.reederverband.de/en.html.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
Tuesday, 26 November 19
PREPARATIONS INTENSIFY AS 1 JANUARY 2020 GLOBAL CUT IN SULPHUR IN SHIP'S FUEL OIL LOOMS: IMO
“IMO 2020” requirements for ships to cut sulphur oxide emissions enter into effect in just over one month’s time. This will signi ...
|
|
|
Showing 1266 to 1270 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Planning Commission, India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
|
| |
| |
|
