If that were relevant LNG would be laughable instead of just slightly laughable. And while space is a slight factor the savings are so massive it's really not a deciding factor. And of course completely inapplicable for power.
Well done Th2. First time any of us shareholders have ever attended an industry conference if memory serves me correctly, and good to hear that the presentation was well received. I hope that the rest of your trip is also rewarding.
Matthew Bridgeman was presenting today, with Mark Whittle present as well, so I took the opportunity to attend that section of today's conference.
I was looking for 2 main groups of things, their body language ie signs of drive and determination and presentational skills. They both got an 'A' for their work I am happy to report.
Matthew made a decent fist of his presentation, but while I was listening I was watching the audience. With the previous speaker, who gave an interesting talk on recovering fines from sludge, generating a saleable product and $4bbl bottom line improvement, most heads were down and people were on their phones etc. With Matthew the majority had their heads up and were listening.
So I think we can at least accept that MSAR is of interest to the delegates. There were people from CEPSA present and quite a number of gentlemen from the Far East, though obviously, I have no way of knowing who they worked for.
I am promised a copy of the presentation, but suspect it will be up on the website fairly soon, probably on Monday.
Maersk Line has officially informed its customers about the introduction of an Emergency Bunker Surcharge (EBS) for all cargo in the world as from 1 June 2018 for non-FMC corridors and 1 July 2018 for FMC corridors in order to offset the impact of the surge in bunker prices, which have been higher than expected since the beginning of 2018. As mentioned in the Maersk Lines Customer Advisory letter, bunker prices have been up by more than +20% since the beginning of 2018
That's as much as I can access on the free membership
Whilst I'm not a fan of Jaknife (he often spouts limited facts to spell doom and gloom, editing out other facts to favour his agenda), the claim that this company will be worth Zero, is as valid as the alternative ramping... which there is a lot of!
This share is more speculative now than it has been for a long time, and that's reflected in the price. The price could multiply, but the risk certainly exists that it doesn't... unfortunately, as discussed on this board previously, just having a technically sound product is no guarantee of success... unfortunately.
Until zero or £1, I'll continue to wait for news...
How much would the SP be if, yes big IF, but not impossible:-
Carnival cruises announces it's trialing MSAR to get rid of the black soot problem
KSA announce the trial is back on with MSAR being produced in-kingdom
JGC announce they've commenced FEED (front end engineering design) for a Japanese power station
Not sure it would be £1 but it would be many multiples of where we are now
The company has funds for about a decade of PR trying to sell its product and letting JGC do the same. Just has to stop the R&D. Scrubbers are seeing exponentially increasing use, particulate matter is entering the public consciousness more and more and 2020 is round the corner now. There are many avenues here and only one needs to break and then, only a very small one. We've been tangling with giants so far. Any single concrete plant or minor HFO plant you've never heard of will send this company into the stratosphere.
I see you turned up on Sound with a sell - looking at your previous posts almost all are doom and gloom sell - from which I assume you are shorting all the companies - but experienced investors will know that ramping and de-ramping on a BB has no effect on the SP. And do you actually have any of these shares in your portfolio - if so why havn't you sold them - so why waste your time , no-one buys or sells shares on the advice from BBs - so who are you trying to influence.
Who cares about scrubber systems, the share price spike or MM manipulations? It's all irrelevant! You're all "fiddling whilst Rome burns", talking about irrelevant matters and ignoring the elephant in the room - the company is bust.
QFI's business plan is shredded and its management discredited. The cash that it has will just about get it through to Dec this year and so at some point before then the company will be forced to go begging bowl in hand to shareholders to raise yet more cash.
Shareholders have funded this gravy train for years now whilst management have looked after themselves and delivered scraps to shareholders. But they're not that dumb.
At best some deluded shareholders might take part in a massively discounted dilutive placing but otherwise QFI toast.
No information here ToT as of course the company could not tell anyone.
However, given the internal activity (The working hard etc) that we are aware of, it seems to me entirely possible that we are in the realms of a Board meeting/review being due, and an RNS would likely follow.
Let's hope it's a good one.
PS. Traveling at present, but I hope to be on the BB on Friday with an update of my own....
MM shenanigans indeed. The spread widened around yesterday's close as numerous sell orders were removed from the ask. This sometimes happens when MM's get wind that a RNS is coming.
Obviously the order book has returned to normal this morning but the buy volume is currently massively outweighing the sells, so a tick up seems likely. I wonder if others have a got wind of a RNS in the system.....
Well....IR replied - they will update as soon as there are material developments. The management have been working very hard, spending time in KSA, pursuing options in marine and with JGC, among other initiatives.
Only the ask jumped up (widened the spread), so MM shenanigans methinks
Can anyone explain the Jump to 3.35p at close yesterday? I don't see any trades above the 2.7's. Clarification would be appreciated, can the MM's move the sp up 24% without a trade? I'd like to think there might be some good news although haveing waited 8yrs for some through thick and thin i reduced my position here after the KSA double confirmation of failure so i'll be a tad miffed at the timing. Ideas anyone?
Rob, good find and yes a good idea to email report to QFI although I would like to think that they would be on top of these new opportunities. A lot of MSAR to supply if QFI can get TORM interested. The report talks about fuel being delivered to their majority of their vessels, I think, so, would this be a problem for the QFI model of supply via MMU's? Please correct me if I up the wrong alley.
2020: TORM'S PERSPECTIVE ON DEMAND, COMPLIANCE AND ENFORCEMENT
Uncertainty over the availability of compliant fuel in some of the worlds regional markets and how the 2020 regulation is going to be enforced is not making it easier for us to make clear strategy decisions, said Martin Brodersen, Head of Bunkers at TORM A/S;
Addressing delegates at the recent Maritime Week Americas conference in Panama, Brodersen said:We have to remain compliant in 2020 no matter what [because] its the right thing to do, and our customers also require that that their logistical service providers like TORM are compliant.
He said that a switch to LNG-fuelled vessels would not, at present, be a route to 2020 compliance for TORM.
He explained: I think that for a great part of the shipping industry LNG is simply not a viable option at the moment. Last year at TORM, we purchased around 600,000 mt of bunkers worldwide; about 70% of our volumes is delivered in our top 10 ports such as the flow ports of Panama, Singapore and Fujairah but the remaining 30% is scattered around 140 different locations.
LNG is not even available in some of the major ports and is not going to be the option for many years forward for companies in the tanker industry.
Brodersen said that TORM has taken the decision to install scrubbers on some if not all of its newbuilds from this summer.
The newer the vessel and the higher the consumption the more suited the vessel is as a candidate for installing scrubbers it makes more sense to install scrubbers on LR1 and LR2 vessels that are using 35-40 mt per day compared to new MR vessels that are using maybe 20 mt a day.'
However, he said, future fuel oil availability was a key issue for the company.
If we put a scrubber plant onboard, in order to make economic sense we need to have fuel oil delivered and that is our greatest concern when we look at our scrubber investment project.
While some industry reports indicate that fuel oil availability will be assured after 2020, Brodersen said: When I talk to suppliers and major trading houses around the world, the story is different; and the fuel oil may be there, but will there be any barging capacity in the market?
While Brodersen suggested that there will be increasing avails of new 0.50% sulphur fuels, there are concerns about their compatibility and stability.
It poses an operational challenge for us because on our lot of our vessels we only have two major fuel tanks onboard and if we are to commingle these products we risk facing problems, he said.
Interesting agenda for this two day seminar with Carnival being one of the speakers:
The session entitled "Could bunker suppliers be the answer to finance scrubber installations?" also looks very interesting. Speaker not listed but CEPSA would seem to be ideally placed for it.
I couldn't disagree with that Th2, but let's not start writing off the KSA project just yet. We know that several of the necessary contracts had been agreed or signed and I am sure that the internal issues between Aramco and the electricity co will eventually be resolved.
The IPO of Aramco is getting closer by the day, but it can't happen whilst there is an ongoing dispute with one of its major customers......
"If the Saudi power project really is dead, then the only real hope is to sign up a shipping fleet to use MSAR."
IMV, all the company needs in the medium term is a small power station, cement works or some other plant where steam raising is required that currently burns diesel, crude or HFO and get MSAR commercial.
Once they take that baby step further clients will follow on. The end product has been refined a great deal in the last couple of years and is far more saleable than it was before.
There is a MSAR production unit at CEPSA San Roque apparently sitting idle and capable of producing fuel which combined with EGCS (scrubbers) will comply with the 2020 shipping emission regulations. If the Saudi power project really is dead, then the only real hope is to sign up a shipping fleet to use MSAR.
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