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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for its design of an ammonia-fueled containership, Voirrey Blount, admiralty manager at law firm Reed Smith, has commented on the benefits and risks of using ammonia as a fuel.
Voirrey Blount, admiralty manager at law firm Reed Smith, said: “As the shipping industry seeks to hit the IMO 2050 targets, an ever-increasing amount of fuels are being touted as the game-changer that will help the industry reach those aims.
ABS, a major classification society, has recently approved a small ammonia fuelled vessel to go into production. Ammonia is one of many fuels that has thrown its hat in the ring and this latest ABS approval is an important step forward given the array of difficulties users will face by using ammonia as a fuel.
When ammonia is burnt it produces nitrogen and water, it does not contain any carbon and therefore no CO2 is emitted during combustion. However, whilst being better on the CO2 emissions, ammonia combustion may produce both nitrogen oxide and nitrous oxide as a by-product. Nitrous oxide is substantially more potent (around 270 times more) in terms of greenhouse effects than CO2. This risk needs to be mitigated and there are various options being explored by the industry such as the use of a catalyst or by tuning the actual combustion process to keep it within a certain temperature and pressure which can stop or severely limit the chance of nitrous oxide being produced.
When green ammonia (i.e. ammonia produced from air and water using renewable energy) is used, ammonia can be a zero-carbon fuel from a well-to-wake perspective and pending potential future changes to the CII regulations this may be a significant draw when compared to other fuels.
Many smaller vessels operate closer inshore and often find themselves navigating in emissions restricted areas, for example feeder container ships operating in the North Sea and Baltic Sea special sulphur emission control area (SECA). The focus on developing adaptable new-fuel technology for this size of vessel provides an ability for owners to comply with the stringent emission rules and achieve decarbonisation targets faster.
Ammonia is highly toxic to both people and the marine environment, so any on board leak would be a major emergency. Ammonia is often stored under pressure, increasing potential risks when bunkering, and a high level of alignment is needed between international regulators to ensure safety for the shore-side, the vessel and the environment.
It will be interesting to see which industry players start to place orders for ammonia-fueled vessels given the recent surge in orders for dual-fuel methanol vessels.”
Source: Reed Smith
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Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
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- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Planning Commission, India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
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