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From the Boulevard of Shipping at 57 Akti Miaouli, Piraeus

From the Boulevard of Shipping at 57 Akti Miaouli, Piraeus. Photo by George S. Kaminis. Reproduction not allowed. KAMINCO OCEANIC SA Introduce  EcoSilencer of MARINE EXHAUST SOLUTIONS, Canada: To help Shipping solve bunkers sulphur content  problems and satisfy  MARPOL VI .

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From the Boulevard of Shipping at 57 Akti Miaouli, Piraeus

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  1. From the Boulevard of Shipping at 57 Akti Miaouli, Piraeus Photo by George S. Kaminis. Reproduction not allowed • KAMINCOOCEANICSA Introduce  EcoSilencer of MARINE EXHAUST SOLUTIONS, Canada: • To help Shipping solve bunkers sulphur content  problems and satisfy  MARPOL VI. • To contribute to theEnvironment Preservation for next generations. • To save millions of dollars to Ship Operators. KAMINCO - Research and Application of New Marine Techno-Economy

  2. Marine Exhaust Solutions Inc. Customer Presentation 54 Hillstrom Avenue  Charlottetown Prince Edward Island  CANADA C1E 2C6 Tel: 902.628.6900 Fax: 902.628.1313 ecosilencer.ca

  3. MES – Corporate MES Head Office, Canada Peter Toombs, P. Eng., President Robert Clarke - P. Eng., Business Development Manager Frank Smith, P. Eng., Director of Engineering Business Development Office Greece George Kaminis, European Sales Representative

  4. MES – Corporate Funding Partners Canmet Energy Technology Center Technology Venture Corporation (TVC) Atlantic Canada Opportunities Agency Strategic Partners Fleetway Engineering Inc, Irving Group, NB Bantrel Engineering Inc. Integris Metals Kaminco Oceanic S.A.

  5. KAMINCO and Abatement(Scrubbing) Technology This topic concerns the optimum Environmental and Economical among solutions to radically reduce ships responsibility for the SULPHUR OXIDES Emissions, and not only. Up-to-date KAMINCO has fitted more than 700 Tankers with IG Systems since 1978, including retrofits on Greek and Foreign Tankers, supervised and commissioned. This means KAMINCO knows for what it is talking about by referring to Abatement (Scrubbing) Technology.

  6. Scrubbed and re-heated exhaust gases Scrubbed gas re-heat section Intimate mixing of exhaust gas and sea water Sea Water S.W. to separation and filtration plant S.W. Inlet Exhaust Gases EcoSilencer® ES-C3Scrubbing System Overboard discharge of cleaned water Separation and Filtration Plant Sludge ashore to authorised contractor

  7. Modularized • Prefab • Pre-outfitted • Made by Super • Austenitic • Stainless Steel

  8. Emissions Reductions Performance by Scrubbing Sox …………………………95 - 98% PM ……………………50% (by mass) (90% Visible) NOx……………………….. 3 - 5%

  9. EcoSilencer®ES-C3 System Discharge Water • Overboard seawater discharge: • Hydrocarbons (HC) < 1ppm • pH 6.8 – 6.9 • Within IMO requirements: • PAH 15ppb • pH 6.5 – 8.5 (with in 2 of inlet water)

  10. Abatement Technology • Proven • Effective • Low cost • Alleviates refining burden • Reduces Cost to global trade • Promotes technology evolution • Proactive PM reduction • Forward loads sulphur reductions (reaches 2016 0.1% S level immediately) • Opens technology to further NOx (ERG) and PM (below 2.5 micron) development

  11. COMPLIANCE WITH MARPOL Annex VI Abatement (Scrubbing) Technology WOULD WORLD SUSTAIN 60% INCREASE OF LIVING COST ? The multi challenged World and particularly the European Economy would be in jeopardy in case the transportation cost of goods by ships, 70% - 90%, would be raised by up to 40 - 60%, should ships Diesel engines be transmuted to burn twice as costly distillate fuels instead of using SCRUBBERS type EcoSilencer®. The time margins for preventing our Planet’s entire catastrophe by choking it with enormous Carbon Dioxide (CO 2 ) emissions from the distillation of fuels, and/or by triggering of an “outside doors III World War” because of uncontrolled increasing cost of life, which would follow an accidental doubling of ships fuels prices, are minimal.

  12. HOW MUCH IT WOULD COST WITHOUT SCRUBBERS The extra cost from a hypothetical operation of 50.000 ships with an average consumption of 10.000 tons/year per ship of distillate fuels, it is calculated to an average minimum extra amount of USD 3.000.000 as from today’s premium of distillate fuels of USD 300 / ton. To this must add about USD 800.000 for extra engine maintenance repairs due to lack of sufficient sulphur in the distillate fuels and poor Lubrication due to lack of sufficient Sulphur in the fuels. To this cost must add and the Refineries profit for amortizing their additional new installations for producing the 360 million tons would be required per year should an erroneous generalization of distillate fuels happen, plus their profit for a periodical renewing of those installations within certain periods.

  13. The total amount to be overcharged, spread to over 40 years, which is the anticipated time to complete refinery installations for producing the 360 million tons / year, it is estimated to be threefold of amortization cost per ton. • The amortization cost is estimated to $ 14 per ton x 3 = $ 42, to be added to the premium per ton of distillate fuels of e.g., $ 300, making an extra cost per ship/year of : • $ 342 x 10.000 ton = $ 3.420.000 + $ 800.000 = $ 4.220.000 , on top of today’s running cost per ship/year. • This amount would far exceed the cost of an EcoSilencer® , which will last throughout the life of a ship with minor operational expenses, in full compliance to MARPOL Annex VI.

  14. BURDENING LIFE COST AND ENVIRONMENT SAFETY On the other hand, the extra yearly cost of USD 211.000.000.000 on the operation of estimated 50.000 ships with distillate fuels, plus an unavoidable Environmental Carbon Dioxide (CO2) Responsibility Taxation on SHIPPING, it would burden by 40 – 60 % the CONSUMERS of the 70% - 90% of goods being transported by Ships. As the distillate fuels would be burned by ships, it would be handy to be taxed as responsible for the Carbon Dioxide produced during the distillation processes, while the catastrophic results would eventually turn against “the Cost of Life and the Safety of Environment”. The consequences from the emanated social and political disturbances would be easily imaginable from such an iniquitous burdening of cost of life due to extra cost of distillate fuels, whereas the Enormous accumulations of Carbon Dioxide from the distillation of fuels would strengthen the Greenhouse, where they would remain for tens of thousands of years for accelerating its catastrophic effects on Earth.

  15. IN A CROSS - ROADS FOR PRUDENT DECISIONS The prudent Ship Owners, Members of Committees and Legislators have the privilege as long as they stand in the cross-roads of decisions to estimate correctly above worldwide risks and consequences before their respected thoughts and decisions are ripe enough to correctly evaluate the advantages of Abatement (Scrubber) Technology with criterion the well meant benefit of Humanity. There is no doubt that IMO under the inspired leadership of its capable Secretary-General will do their right again in ratifying MARPOL Annex VI. Hopefully and the responsible Committees of the Environmental Protection Agencies and the Legislators in the world will harmonize their respective decisions in line with the undisputable sustainability of MARPOL Annex VI, so as they could altogether withstand against unrealistic industrial and political influences and pressures for unilateral decisions, and enable Environment and International Economy elevate as Forerunners. Counterfeiting of rules would emanate misunderstandings and confusion to the Maritime Community, resulting in delays of MARPOL Annex VI implementation, and extensions of chances to opportunity chasers against the Environment and Humanity.

  16. 30.000 SHIPS WILL BE FITTED WITH SCRUBBERS BY 2018 The gradually increasing enquiries for EcoSilencer® Scrubbing Technology by forward-looking Ship Owners from the wider world shipping community as well as the prompt cooperation by Far East shipyards to incorporate the EcoSilencer® to their current designs of new ships, are remarkable. Consequent to anticipated extensions of SECA territories worldwide, it is estimated that there must be a minimum of 30.000 ships equipped with Exhaust Gas Cleaning Scrubbers by 2018. At present and until MARPOL Annex VI is to be ratified by April 2008, and finalized by Autumn 2008 , it will be more convenient and incidentally cheaper for the Ship Owners in making a provision during the drawings approval of their new building projects, to incorporate and an Exhaust Gas Cleaning System installation. For retrofits, the pre-engineering on the ships could facilitate the readiness of prefabricated and pre-fitted systems to be installed during a next dry docking, and we shall be pleased to assist.

  17. Thank you for your kind attention. For Questions: Kaminis Co Ltd As Agents to Kaminco Oceanic S.A. Phone: +30 210 42 95 180 Fax: +30 210 42 95 189 Email: kaminco@kaminis.com Web: www.kaminis.com

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