Member Info for foxm

I can't read the whole article, but I'm guessing the second reason is IMO 2020, the HFO currently used in ships has to go somewhere.

https://oilprice.com/Energy/Energy-General/Oil-For-Power-Bucking-A-Long-Term-Trend.html

Oil For Power: Bucking A Long-Term Trend

Oil demand for power generation has been in long-term decline since 1990 as countries have gradually displaced oil with cheaper feedstocks, primarily coal and natural gas. Since 1990, this process has freed up some 2 million b/d of oil for other uses. However, oil for power still accounts for just over 4 million b/d of demand or 4-5% of global oil consumption.

There are two reasons why oil-for-power use will buck its long-term trend in both 2019 and 2020, even though the secular forces pushing it slowly towards obscurity are now more powerful than ever before.

The 4-stroke engine info comes from a presentation which QFI gave, I think it's been quoted in a few they have given. I'm sure that somebody double-checked this with IR or maybe even Jason and Mike, it was confirmed that a LONO would not be needed for a cruise company like Carnival.

I strongly disagree with your view on Marine, MSAR is already proven in 4-stroke diesel engines, so someone like Carnival could use it tomorrow with their scrubber-equipped fleet. We have an Interim LONO for 2-stroke engines, but Jason said during a conference call last year that if Maersk were to come back to the table, it would be for commercial roll-out, not to restart the trial. The 1600 hours they burned MSAR gave Maersk all the info they needed to make the decision, obtaining a full LONO would be more or less a formality.

A Storm Is Gathering Over Container Shipping

Sagging global trade, rising fuel costs and stubbornly low freight rates have shipping lines facing new headwinds in an elusive search for stability

https://www.wsj.com/articles/a-storm-is-gathering-over-container-shipping-11551612600

Almost 610k shares bought in the first 4 minutes of trading, the heavy buying from Friday continues.

Do I smell a leak?

We're all idiots Fyoz. Oil is going to be trading at $5 a barrel by the end of the year, maybe even less, might even hit $2 a barrel. It's written in the charts apparently and they're never wrong, it's inevitable. We're all buggered.

Up 15%. WOOOOOOSH. Another 250% rise from here and I'll be break-even.

As Green Day said "Wake me up when September ends"

https://beta.companieshouse.gov.uk/company/11567943/officers

I think this must be the guy

http://www.barakfund.com/About-Us/neal-kumar/17/

They better hope we don't get other positive news first, or they will cost a fortune to buy.

40 million warrants at 12.5p is £5 million. If we get a contract with PowerSeraya or Carnival first and the share price hits 30p or 60p....... They don't have to exercise them all I suppose.

The first two tranches of warrants mention "during 2019", the third and most important one, a commercial contract, doesn't. So we could be looking at a trial or study starting before the end of the year, with maybe commercial sales 12 months from now. I just hope Aleph Commodities are more successful in Kuwait than Rafid Group were in Saudi.

Long-time scrubber sceptic Maersk has contractually committed to scrubber retrofit orders totalling $263 million, the carrier has revealed in its latest annual report.

Despite announcing last September it would install a "limited" number of scrubbers on its fleet, industry sources in London today told Ship & Bunker that the size of the scrubber programme was still a surprise given Maersk's well publicized and long standing position against the technology.

https://shipandbunker.com/news/world/949097-imo2020-maersk-has-placed-263-million-in-scrubber-retrofits-deals

I don't think they were Bed and ISAs, they look like buys to me. The price difference between the two trades was too big, for a Bed and ISA there is normally a minimal difference. They went through at the Ask price not the Bid, again not normal and the volume was the same for both trades. The second trade is usually slightly smaller, you lose a few shares in the transaction. Most significantly, they moved the share price up, a Bed and ISA wouldn't cause the Bid and Ask prices to rise.

I don't think that was a £40k dump this morning, the two trades at 9.15 were only 7 seconds apart, the second one at a slightly higher price than the first. It was either a rollover or more likely a Bed and ISA, the maximum allowance for one tax year is £20,000.

Not seen this mentioned before.

https://goo.gl/WmbrWi

Seeking to disrupt the heavy fuel oil market

Quadrise has developed an exciting oil-in-water emulsion that can displace heavy fuel oil in the power generation and bunker fuel markets. The Company is seeking to commercialise its product, which goes under the brand name MSAR®, alongside some much larger companies with which it has alliances. A single project could be transformational for Quadrise, but it only had cash of £1.2 million at the end of November 2018 and the business may be wound up if an open offer designed to raise £2.2 million ...

So Intertrust, Phibatec and Anthony Lowrie didn’t buy any, and Hemant bought 200k of his 2.9 million allowance. Not exactly a great vote of confidence by the major shareholders. I thought Mike said all the big holders were being very supportive, it doesn’t look like it to me.

Those four held 19% of the shares between them before the Open Offer, so a 70% uptake wasn’t a bad result given their lack of interest.

From the same website

Significant challenges ahead

With less than 12 months left to prepare for the ban there are a number of challenges facing the industry such as (a) a growing concern that there will not be enough time nor capacity for installers and shipyards to fit scrubber systems on all ships in time; (b) forecasts of potential non-availability of low sulphur marine fuel; and, pertinently, (c) confusion generated by those who hold a view that it is sufficient to merely commission and not necessarily install or use a scrubber by 31 December 2019. This view carries neither regulatory nor legal substance.

https://www.hellenicshippingnews.com/commissioning-a-scrubber-system-by-31-december-2019-is-not-sufficient-to-comply-with-the-upcoming-sulphur-cap/

They're selling quite a few scrubbers too.

https://www.miamiherald.com/news/business/tourism-cruises/article224596880.html

The adoption of scrubbers is a boon for companies that make them. In 2017, Wärtsilä, a leading scrubber manufacturer, was building devices for 400 cargo and cruise ships. By the end of 2018, that had ballooned to 2,400 contracts.

For now, sulfur-free, zero emission cruising is out of reach. Experts say battery, solar, wind, hydro, and biofuel technologies are simply not powerful enough yet to propel an 18-story, 54,000-ton ship through the ocean, not to mention providing air conditioning, laundry service, and all-you-can-eat buffets to thousands of passengers and crew aboard.

“Even if we covered our entire decks with solar panels the best we could do is power a couple of elevators,” said Carnival Corporation’s Senior Vice President of Marine Technology and Refit Mike Kaczmarek.

The fact that Cameron Davies says they want to respect his privacy at this time suggests he hasn't jumped a sinking ship and there are genuine reasons for his departure.

Until you know why, don't make assumptions. He might have serious health problems, or maybe one of his close family members does. He wouldn't be the first, Peter Kay cancelled his last huge tour right after it went on sale.

You sound a bit stressed Lionel, you should try and chill out a bit. Maybe go on a nice cruise or something.

Good grief, you couldn't make it up. Coming from you PJ? The man who said oil was going to less than $20 a barrel because the charts are never wrong, they never lie. Only to watch it climb back up to well over $80 a barrel. I can't honestly believe you've got the nerve to show your face around here, you must have a massive pair.

Just when you thought it couldn't get any worse!! All we need is kreature and the bloke with red trousers to reappear and we'll have a full set. News must be coming soon, all the trolls are back in force.