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NEW CLEAN SHIPPING ALLIANCE 2020 EXECUTIVE DIRECTOR DEFENDS OPEN-LOOP SCRUBBERS
There has been a lot of loose speculation about the environmental benefits of these systems; conjecture that obscures the fact that exhaust gas cleaning systems have a very-positive net environmental impact on the maritime environment,’ says Ian Adams....
..... I am sure the early installers of scrubber technologies will at some point be considered visionary,’
A great interview with MK I thought. Seemed relaxed and confident. One of the other BOD members please buy the guy a sombrero for when he returns to Saudi though ;-) !
I wonder if, when he was at LSE towers, he mentioned the presence of the inherent 'anti company' Trolls that reside on their QFI share chat? Would have certainly been a perfect opportunity.
One of the aforementioned, who shall remain nameless (probably as he has had so many) Is still here under at least one other name and who has, in the past, openly reported that he contacted QFI's clients under false pretences! .. I doubt if he's stopped!
Strong buy ..study the video or join the forum.
MPC sees 'significant upside' for scrubber-linked charters...
He explained that, owing to the large number of sea days, the potential saving based on a difference in price between heavy fuel oil (HFO) and low-sulphur fuel oil (LSFO) of $200 per ton, was a massive $8,000 per day.
On the basis of a $200 spread between the price of HFO and LSFO when the IMO’s 0.5% sulphur cap becomes law on 1 January 2020, MPC has calculated the payback period on the cost of installing a scrubber at about 18 months.
With thanks, as ever, to Rob79 on the forum
"The Exhaust Gas Cleaning System Association pegged the number of number of vessels currently installed and on order at 983 as of the end of May compared with Argus' vessel scrubber count of 842 as of the end of July. The discrepancy in the numbers can be attributed to the fact that some shipowners prefer to keep their scrubber installation plans confidential as it could affect their competitive advantage of offering cheaper freight rates in 2020."
One operator gave all it's plans away last year when it told everyone it was going for LSFO. ..Yeah right!
Thanks to Brian on the forum...
"For the moment...we don’t prefer the scrubber solution...we are looking into LNG [and] into
different mixes of fuel.”
Change of tune.
With thanks to Vince72 on the forum..
"Oil major Exxon Mobile has recently reported to the global shipping industry that its catalytic fines resulting from blending low sulfur are causing catastrophic damage to marine engines. After mentioning the first technical deficiencies of the low sulfur use in the marine insurance industry, the relevant technical reports appeared in the overseas classification society, and the fuel supply company officially recognized it. "
http://m.shippingnewsnet.com/news/articleView.html?idxno=24953 a bit of translation may be required ;-)
You couldn't make it up really, perhaps a LONO would've been a good idea :D
Its a massive multi billion game of poker being played out here and we've all been locked out of the room. Anyone who listened to the Conference Call on Monday will know there is still a strong relationship between Maersk and QFI. ...Another meeting coming up shortly.
The statement that Maersk wouldn't have to do any more LONO work on MSAR was interesting too. "They have all the information they need"
Remember the presentation back in early 2016 that said they would not be going down the scrubber route?.... It left Maersk with an eject button...
....Read the middle line http://oi64.tinypic.com/2s7ffk2.jpg
Looks like TOT on ii may have found it!
"I see they (SEC) have just issued their financial results for the year ended 31 December 2017
Now this bit.... "39% year-on-year increase in Government payables grew up to SAR 80 billion primarily due to the transfer of SAR22 billion of accumulated fuel payables liability due to Saudi Aramco, to the account of Ministry of Finance." So it seems that they were in dispute with Aramco over fuel payments and the Ministry of Finance has had to get involved if I am reading this correctly.
That might just explain why QFI has yet to get their signature on a contract..."
i think we can rest assured that in no way are any of the seemingless endless delays of the fault or making of any member of the conpany in which we are invested. It's somewhere in the long chain of production, logistics and generation individuals in KSA, It could even be just one belligerant individual in a job he has inherited putting up firewalls to justify his position and standing.
For want of a better name, let's call him Hamed Redknapp!
Yes folks, Alexis is off on his month long cruise tomorrow with Rob Brydon and Jane Macdonald! i wouldn't be surprised if QFI paid for it as a timely insurance policy. Hopefully they can initiate another 'buoygate' and an emergency 3 weeks stopover in Sierra Leone.
Jackg, The MMU and ancilliaries at San Roque have never shown up on Google Earth / Maps . You have to look at Google earth and view the historical imagery to see the latest pictures of there are dated 29 Feb 2016 just before the kit would have been installed.
Yanbu however, has very regular updates for some reason, sometimes as short as every 2 months which allow for interesting comparisons. Not so with other KSA locations
All just idle speculation of course but isn't it amazing how easily some people get wound up by it? It's almost as if they don't want to hear anything good! ..Could they be Russian spies?!
Oh look! there's a Millenium Falcon!! https://goo.gl/maps/tPfDTBUnbFA2 I hear it's going to be powered on MSAR!!
Ok Google Earthists, what's going on here then?? Imagery dated 27 November 2017.
Blue containers being ofloaded from HGV trailers by cranes near the fractionating columns? (that's where the residue comes out).
Jury's out but plenty more a few weeks back on the forum.
Too big to be portaloos though!
See this ERTC presentation Nov last year..
"A typical MSAR� project costs around $10m" However, I don't think KSA is 'typical' as far as agreements are concerned.