News / LNG may be the key to reducing carriers’ massive fuel bills for ultra-large boxships

first_imgBy Mike Wackett 17/04/2014 Bigger and bigger ships operating at slower and slower speeds across the tradelanes of the world are testament to the single-minded desire of ocean carriers to continually reduce their unit costs below those of their competitors.However, the size of these giant containerships has reached a limit, in terms of the capacity of ports which can service them, and given that the vessels are unable to go much slower without possibly inflicting long-term damage to their engines, ocean carriers are going back to basics to get operating costs down.As a result, schedule optimisation is constantly tweaked and the mega-alliances will help improve the cost base. But the biggest single voyage cost element will always be bunker fuel.Even with super-slow-steaming, a 13,000teu ship can burn over 125 tonnes a day of IFO380, which is currently on offer on Rotterdam markets at about $585 per tonne.So, for a new 13,000teu workhorse on an Asia–Europe round trip, the cost of fuel is staggering. Multiply that figure by the number of ships a carrier deploys on an Asia–Europe service and the amount is mind-boggling.While big ship leader Maersk Line has managed to reduce the cost of fuel to 21% of its per 40ft cost base – but still racked up a $5.2bn fuel bill for almost 600 owned and chartered ships – for many other carriers, without the Danish line’s economy of scale advantage, the percentage spent on fuel is much higher.And there are indications that the temporarily stable cost of oil is ready to head north again – and the market would spike if there were an escalation of warfare anywhere in the world that could impact supply.Then there are the tougher new January 1, 2015 ECA-zone regulations that reduce the permitted sulphur content in bunker fuel from 1% to 0.1%. This will force operators transiting the sectors to switch to marine gas oil (MGO), which currently trades at around $895 per tonne (having gained $45 in the past month on tight supplies).United Arab Shipping Company’s (UASC) order of seven 18,000teu “LNG-ready” containerships is the first move by a major carrier to recognise a logical economy-driven step towards the low-emission fuel – LNG is currently 20% cheaper than heavy fuel oil and 50% less than MGO.The stumbling block to deepsea carriers specifying LNG retro-fitting in their newbuild orders has been concerns over the lack of necessary bunkering infrastructure. However, in a recent survey of 22 major ports by Lloyd’s Register (LR), there were encouraging signs that the demand for LNG is beginning to be addressed.One key finding was that 59% of those ports now have specific plans for LNG bunkering infrastructure, with 76% of the respondents believing that LNG bunkering operations will commence at their port within five years.On the basis of this, LR estimates that by 2020, all key European ports will be able to support deepsea bunkering operations for LNG, in recognition that by the same year approximately 13% of bunkers supplied will be for the gas.LR’s conclusion is that the survey indicates “social concerns about LNG as a future fuel are falling”. Its senior market analyst, Latifat Ajala, said: “Global ports are gearing up for a gas-fuelled future for shipping…traditional bunkering ports will need to be able to offer gas just as they offer the choice of fuel oil or distillates today.”Luis Benito, LR’s global marketing manager added: “Ports want to be gas-capable – and they are planning for a gas-fuelled future.”LR’s report is required reading for ocean carriers struggling to find the next cost reduction options to improve their bottom line.last_img read more

Experts on tap

first_imgStay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to industry news as it happensBreaking, daily and weekly e-newsletters Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community To continue enjoying, sign up for free guest accessExisting subscriber? LOGIN Subscribe now for unlimited access Get your free guest access  SIGN UP TODAYlast_img read more

Shellshock Security Vulnerability and How to Patch OS X

first_imgThis week seems to be the week for security vulnerability announcements as another flaw was found, a vulnerability affecting Unix-based operating systems.Yesterday, the U.S. Computer Emergency Readiness Team (US-CERT) issued an advisory about Bourne Again Shell (Bash), a security flaw affecting Linux and Mac OS X. Bourne Again Shell (Bash) Remote Code Execution Vulnerability: Original release date: September 24, 2014US-CER…— US-CERT (@USCERT_gov) September 24, 2014The flaw has been dubbed “Shellshock” and the vulnerability has been ranked 10 out of 10 for severity. In their All You Need to Know about the Bash Bug Vulnerability post, Symantec describes how:Bash is usedHackers can add malicious code to environmental variables in BashHackers can take control of a computerand warns of the implications of remote code execution on web servers which run Linux operating systems.According to Symantec’s post, several Linux vendors have published security announcements with information about patches. Apple hasn’t released any patches to OS X nor made any comments about Shellshock.If you’re concerned about Shellshock on your Mac, Justin Meyers has published a post on WonderHowTo that walks you through the steps to test your Mac for Shellshock and manually update Bash. Meyers explains how to download and compile the patch, backup your current version, verify the version of your new build, and replace your old Bash with the patched version. Check the comments in Meyers’ post for additional tips and discussion about the process. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to print (Opens in new window)Like this:Like Loading…Related2014: Year of the New ‘Old’ Security Bugs [Infographic]Over the past year, three major Internet security vulnerabilities were discovered, affecting millions of browsers and systems. While security vulnerabilities are not new, what caught many people’s attention was how long the security bugs existed before they were discovered. In this infographic from Data Breach Today, you’ll learn interesting details…In “Internet”Weekly Roundup of Web Design and Development Resources: September 26, 2014Security has been on the minds of the web design and development community this week as several vulnerabilities were reported. The US Computer Emergency Readiness Team (CERT) reported a critical vulnerability with Bash, affecting Linux and Mac OS X operating systems. If exploited, the security flaw could allow remote hackers…In “Web design & development links”History of Computer Security Threats [Infographic]Keeping computers and the data on computers secure is a top priority for every organization. And in 2014, we’ve become aware of more computer security threats. The first six months of 2014 had a reported 21 percent increase in security breaches over the same period last year. While hackers have…In “Internet”last_img read more

How App Graveyards Produce Zombies

first_imgTags:#solution-series#Sponsored Resources Apps are everywhere, on desktops, smartphones, laptops, tablets, netbooks and soon to be in cars and TVs as well. So many apps on so many devices lead to a lot of loose ends for enterprises and consumers alike. But the number of zombie apps is on the rise. By that I mean abandoned mobile apps that are still active and therefore a security threat and a resource drain. Will a Buffy the Zombie App Slayer ever materialize or will the zombies have to be slain and uninstalled one tedious app at a time?There are application usage management solutions available already but they typically ignore abandoned mobile apps entirely and focus instead on managing enterprise apps or enabling enterprises to create their own app stores and apps (which inevitably ends in more zombie apps).Pam Baker has written hundreds of articles in leading technology, business and finance publications. She has also authored several analytical studies on technology, eight books and an award-winning documentary on paper-making. She is a member of the National Press Club (NPC), Society of Professional Journalists (SPJ), and the Internet Press Guild (IPG). She can be reached at [email protected] and on Twitter at @bakercom1. Granted application management providers such as Flexera Software are working on solutions to manage zombie apps now, but nothing is ready at the moment.Meanwhile the app graveyard is woefully under-tended and the zombies are growing both in numbers and in strength.Sprawl as security threatZombie app sprawl presents new security threats in two ways: abandoned apps can still carry and spread malware and, if they are set on automatic update, they can grant themselves continuous access to information. Since zombie apps are abandoned apps and the updates are automatic, no one is aware that the apps are running in the background, much less what they’re doing back there. The consumerization of IT fuels the problem since IT no longer knows what apps are on employees’ devices in the first place.Flexera Software says continual application readiness is in order to control such risks. “Managing the applications that have been deployed, and making sure the enterprise is efficiently managing the application estate, making sure applications are deployed and up to date, and making sure unused applications are removed from the system, should be priorities,” says Randy Littleson, vice president of Product Management at Flexera.Application management software makers are not the only ones sounding an alarm. Symantec is already warning enterprises “that the majority of the malicious code for mobile devices we see today are Trojanized legitimate apps.” Imagine an army of those on any number of devices eating away at company information. “So, in terms of enterprise concerns, this should be a big one,” says Khoi Nguyen, senior product manager of the Enterprise Mobility Group at Symantec.Brains, zombie apps want brains, as we told you web apps are wont to do in an earlier post. If you don’t want your company data to fill that appetite, something must be done to actively zap the threat. But for the moment, that entails one uninstall at a time and a diligent policy and education program to make sure your employees know when and how to pull the trigger Related Posts pam baker A Web Developer’s New Best Friend is the AI Wai…center_img 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic… Top Reasons to Go With Managed WordPress Hostinglast_img read more

Paradigm Shift Needed In Public Healthcare Delivery – Dr. Tufton

first_imgStory Highlights Dr. Tufton also noted that there is need to refocus on primary healthcare, with emphasis on advocacy for persons to stay out of hospitals, while noting that many times, this discussion does not enter the narrative discourse. Health Minister, Dr. the Hon. Christopher Tufton, says a paradigm shift is needed in the way public health is administered.Speaking at the ‘Make Jamaica Well Again’ Appreciation Dinner and Awards Ceremony, organised by WordAlive Medical Mission, at The Jamaica Pegasus hotel, New Kingston, on Thursday (August 30), Dr. Tufton said part of that shift involves forging and strengthening partnerships.“That principle has to be extended at a much larger level as it relates to public health within our country. We see some 200-plus missions supporting public health initiatives in Jamaica each year. We have to do more to cater to, accommodate, invite, and support more of that collaboration,” he stated.The Minister pointed out that the State is unlikely to ever be in a position to do enough to meet the demand for public healthcare delivery, based on the “challenges that we face”.“The second thing is advocacy. I am of the view that beyond giving a clinical prescription as to how to correct the ills of the body, we have to spend more time influencing the thought process of individuals, in terms of what is right and what is wrong,” Dr. Tufton argued.He further said advocacy has to be supported at all levels of society and not just legislatively.“I come under a little attack or pressure sometimes when I speak of the restriction of certain food items within the schools, because it sounds as if you beating up on an industry. But frankly speaking, we have to see ourselves as guardians of trying to influence behavioural change,” he stated.The Minister added that “certainly, as it relates to our young people in schools, they need to be guided; we have an obligation to provide that guidance and we do that in partnership and collaborations with others”.Dr. Tufton also noted that there is need to refocus on primary healthcare, with emphasis on advocacy for persons to stay out of hospitals, while noting that many times, this discussion does not enter the narrative discourse.“So the demonstrations (and) complaints are [about the need to] build more hospitals. Well, in building more hospitals, you will never ever satisfy the need if you don’t get people to adjust their behaviour, and that behavioural change has to come from the very basic primary community,” the Minister stated.The 2018 Medical Mission, which started August 27, will conclude today (August 31) in St. Catherine with the host venue being the Work and Faith International Fellowship in Spanish Town.Since Monday (August 27), hundreds of citizens from the community have received free healthcare, medication, food, school bags and food care packages. Health Minister, Dr. the Hon. Christopher Tufton, says a paradigm shift is needed in the way public health is administered. Since Monday (August 27), hundreds of citizens from the community have received free healthcare, medication, food, school bags and food care packages.last_img read more

Ohio State mens gymnastics finishes 3rd at nationals Johnson wins high bar

The OSU men’s gymnastics team poses for a photo after the NCAA championships on April 16 at St. John Arena. Credit: Luke Swartz | Lantern reporterThe No. 3 Ohio State men’s gymnastics team played host to the NCAA Men’s Gymnastics National Championships over the weekend at St. John Arena. The event, which spanned two nights, was broken into two qualifying sessions Friday and the finals the following evening.The Buckeyes came into the weekend boasting the reigning Big Ten Gymnast of the Year in redshirt sophomore Sean Melton, the Big Ten Coach of the Year in Rustam Sharipov and the Big Ten Freshman of the Year in Alec Yoder.Friday night’s qualifier pitted the Buckeyes against five of the nation’s top schools and individual gymnasts from non-qualifying schools. OSU (433.400) finished in second place as a team on the night, advancing along with Friday night’s winner, Stanford (434.350), and third-place Illinois (432.050). Those three joined Oklahoma, Penn State and Minnesota, which qualified in the first session of the day.On Saturday night, the qualifying teams and athletes participated in the championship portion. After an up-and-down night, which saw Buckeyes bouncing around the team standings, the hosts eventually fought their way back and cemented themselves in the standings, taking third place on the night with a score of 433.150.The third-place finish was the best finish for OSU in the NCAA finals since 2005. The Buckeyes finished only behind No. 2 Stanford and No. 1 Oklahoma, which clinched its second consecutive title.“The guys never give up, so this is what it is all about,” Sharipov said. “This year we (were) Big Ten champions (and) third in the NCAAs, it’s great.”Senior and team captain Alex Johnson took home the national title on the high bar (15.200), his first career national title in his final collegiate event. “It means the world to me, but honestly coming in, I was more worried about the team.” Johnson said. “My coach always preaches that if you go in with team goals in mind, individual accolades will come, and that’s what happened tonight, so I’m ecstatic.”Having had a strong season, the Buckeyes felt they could have put forth a stronger performance in the NCAA Championships, but Yoder said he realizes that finishing in third place is nothing to be disappointed with.“This is so much fun, of course it’s a bummer that we didn’t come out on top like we wanted,” Yoder said. “How close this team is to each other (and) the amount of passion, pride and excellence in the gym is great. I know we have what it takes to be the best.”Individually, six different Buckeyes were recognized with All-American honors, the most OSU has ever had at an NCAA championship.Johnson received his first while Yoder brought in three awards in his first NCAA championship. Melton added two All-American awards with sophomore Seth Delbridge, sophomore Alex Wilson and senior Emeric Quade receiving their first All-American honors. read more

CWC 2018 Easy day for teams in the Emirates

first_imgAfter three matches already played in the FIFA Club World Cup, teams took rest just before the start of the SemifinalsThree out of eight matches have already been played in the 2018 edition of the FIFA Club World Cup, and teams took it easy this Sunday.Only three of the six clubs still in the competition took a time to train, a couple days before the start of the Semifinals: Argentina’s River Plate, Emirati side Al Ain and Japanese club Kashima Antlers.Club Deportivo Guadalajara and Esperánce de Tunis took some time off, with the Mexican players going to Dubai to visit the main attractions at the city,Meanwhile, Real Madrid is the first team to arrive in Abu Dhabi, the city that will host one Semifinal, the Third Place Match, and the Final game.River Plate v Boca Juniors - Copa CONMEBOL Libertadores 2018Match Preview: River Plate vs Boca Juniors Boro Tanchev – September 1, 2019 It is time for one of the most intense derby games in the world, as River Plate and Boca Juniors go head-to-head tonight at 22:00 (CET).The tournament will continue this Tuesday, December 18th, when Esperánce and Guadalajara battle for Fifth Place, while River Plate will play its first match against local club Al Ain.Both games are set to be played at Hazza Bin Zayed Stadium.#CWC18: You can follow all our coverage of the FIFA Club World Cup in our different social media. @ClubWorldCups— (@ronaldocomint) December 15, 2018last_img read more

Parents of terminally ill baby give up fight to bring son to

first_imgParents of terminally ill baby give up fight to bring son to US Categories: Local San Diego News FacebookTwitter Jessica Ranck, July 24, 2017 Jessica Ranck Posted: July 24, 2017 (KUSI) — The parents of a terminally ill baby in the United Kingdom have dropped their legal bid to bring him to the United States for experimental treatment. Charlie Gard’s parents Chris Gard and Connie Yates cried at London’s high court Monday morning as their lawyer said time had run out for 11-month-old Charlie. The couple has been fighting court rulings saying their son’s life support should be withdrawn, but eventually made the decision to drop their bid after the latest medical reports and scans showed that the baby’s condition was irreversible and the new treatment wouldn’t help.A judge was supposed to look at the medial reports for Charlie Gard Monday that were done by a U.S. doctor last week and decide . The 11-month-old suffers from a rare genetic disease called Mitochondrial DNA Depletion Syndrome (MDDS) that left him with brain damage and the inability to breathe on own. His case received notoriety after a garnering the attention of Pope Francis and United States President Donald Trump. last_img read more

Man Arrested For Yelling And Firing Off Rounds In Residential Area Of

first_imgFacebook0TwitterEmailPrintFriendly分享Soldotna Alaska State Troopers responded to the area of Heavy Down Drive in Kasilof for a report of an intoxicated male yelling loudly and shooting rounds off from a pistol, on April 12. Kuhlmann was arrested for misconduct involving a weapon in the 4th degree and disorderly conduct in the 6th degree. According to the online Trooper dispatch, upon arrival the male could be heard yelling at the top of his lungs. AST contacted the male identified as Charles F. Kuhlmann, 60, of Kenai. Investigation revealed Kuhlmann was intoxicated and had been shooting his pistol. He was transported and remanded to the Wildwood Pretrial Facility where he was held until sober and released (O/R) on his own recognizance.last_img read more