Marine Log - October 2007 - (Page 9) Distillates-only fuel option “unfeasible,” says report years. The distillates-only option was also described as "unfeasible," due to lack of sufficient refining capacity. The report, prepared forAPI by EnSys Energy & Systems Inc and Navigistics Consulting, highlights the considerable costs of meeting possible stricter air emissions regulations imposed by a revised MARPOL Annex VI and, in particular, the huge costs and increased CO2 production entailed in implementing the switch to distilcost over late fuel which has been proposed by, among others, INTER5 years TANKO. Speaking at the recent IBIA Convention in Montreal, Michael Leister, Manager of Fuels Technology for Marathon Petroleum Company and chair of the API Fuels Committee, said the results of the report are likely to be highly influential, coming just as an IMO group of experts works on its recommendations for the revision of Annex VI. The report found that using the SECA (Sulfur Emissions Control Area) approach to lower emissions in areas that have a demonstrated need is much more cost-effective than changing all bunker fuel. It noted that results suggest a large incentive for shipboard solutions. Converting to distillate fuel would cost $67 billion by 2012 and $126 billion by 2020. It would increase marine fuel costs by a third by 2020. The option would involve a net increase of marine bunker fuel-related CO2 emissions of between 1.7 and 6%, depending on assumptions relating to the use of coke in the refining process. Seaspan orders big boxships Seaspan Corporation, Vancouver, Canada, has signed contracts to build its largest ships yet—eight 13,100 TEU container vessels with Hyundai Heavy Industries Co., Ltd. (HHI) and its subsidiary, Hyundai Samho Heavy Industries Co., Ltd. The contract price per ship is about $165 million, resulting in an expected delivered cost per vessel of about $181 million. All eight ships will be delivered between Jan. and Oct. 2011. These newbuilds will expand Seaspan’s contracted fleet to a total of 63 vessels. Currently, 20 of Seaspan’s 34 ships on order are with HHI. All eight newbuilds have been simultaneously signed to 12-year time charters with COSCO Container Lines Co., Ltd., Shanghai, China. A new report prepared for the American Petroleum Institute (API) estimates that implementing a wholesale switch from traditional bunker fuels to distillatesonly for the world merchant fleet would cost $67 billion over the next five $67b Sexton to head marketing at Simmons-Boardman Peter Sexton has been named Corporate Marketing Manager of Simmons-Boardman Publishing Corp., with responsibility for creating and producing sales promotion and mar- keting programs for the company’s trade publications, both print and electronic, including Railway Age, Railway Track & Structures, ABA Banking Journal, Marine Log, and Sign Builder Illustrated. Sexton joined the Chicago office of SimmonsBoardman in 1992 as Regional Sales Manager of Rail Group publications, serving advertisers in a ninestate area. He will continue to work out of the Chicago office. Sexton’s career includes extensive experience in creative and account management at major national advertising agencies, and sales and marketing responsibilities at leading consumer and businessto-business publications. He has also edited employee publications for major international manufacturers. http://www.eagle.org
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