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Indonesia had pressed hard for the contract, emphasizing that its gas field would be the closest to China of the three offered, reducing shipping costs.
Equally, measures like reducing shipping speed and improving aviation fuels, would not only reduce emissions considerably, but would greatly reduce noise and air pollution around ports and airports.
YESTERDAY, I opined that declining oil prices, by reducing shipping costs, might provide a boost to international trade sufficient to provide some needed support to the ailing global economy.
The project aims to "offset reliance on Arabian Gulf oil terminals while reducing shipping congestion through the Strait of Hormuz," according to a statement on the Web site of International Petroleum Investment Co., which oversees it.
The regulations, which stipulate that certain types of vessel built after 2016 have to be fitted with bulky equipment that converts nitrogen oxides into nitrogen and water, were presented to the International Maritime Organisation, the UN body responsible for reducing shipping pollution, but were resisted by trade bodies representing superyacht manufacturers.
Engineers redesigned LCD monitors so they could fit into smaller boxes, reducing shipping costs.
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The International Maritime Organization, a United Nations body responsible for improving marine safety and reducing ship pollution, also has the authority to set acoustic standards.
The efficiency of both the world's trade system and the ships that power it can be substantially improved with better logistics and technologies such as friction-resistant coatings and lubrication, and even simply reducing ship speeds.
"Right now we're talking about nonbinding guidelines," said Michael Bahtiarian, an adviser to the United States delegation to the maritime organization and a senior official at Noise Control Engineering, a company outside Boston that specializes in reducing ship noise and vibrations.
Acceleration, deceleration, crash stop, heavy turning are some examples of transient conditions that a propulsion plant has to sustain whilst maintaining optimal performance without reducing ship safety and reliability.
Given the reduced store footprint, which is rather significant, and the added bonus of somewhat reduced shipping, inventory, and restocking costs, book prices can come down, perhaps quite significantly.
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