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Women dominate IBIA’s 2022 board elections, winning 3 out of 4 posts

All three women candidates who stood for election were successful in securing three out of four available positions.

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IBIA

Three of the four available positions in the 2022 International Bunker Industry Association (IBIA) board elections have been filled by women, meaning all the women standing for election were successful. 

A total of 10 candidates stood for election, with four vacancies to fill.

The four candidates elected for a three-year term starting April 1, 2022 are:

  • Timothy Cosulich, Fratelli Cosulich, Singapore (re-elected for a second term)
  • Valeria Sessa, Reseaworld, Italy
  • Eugenia Benavides, Terpel, Colombia (re-elected for a second term)
  • Anna Stefanou, PMG Holding, UK

The election results were announced at the IBIA AGM on Monday (21 February). 

Prior to the AGM, the current board of IBIA formally elected the chair, vice-chair and treasurer for the year starting April 1, 2022:

  • Timothy Cosulich, who is currently the vice-chair, will take over as the chair of IBIA.
  • Constantinos Capetanakis of Starbulk, Greece will be the new vice-chair of IBIA.
  • Adrian Tolson, Blue Insight, USA will take on the role of Treasurer.

The rest of the IBIA Board that will be starting at the same date are:

  • Peter Beekhuis, Maersk Oil Trading, Singapore
  • Eugenia Benavides, Terpel, Colombia
  • Rahul Choudhuri of VPS, Singapore
  • Paul Maclons of AMSOL, South Africa
  • Mustafa Muhtaroglu, Energy Petrol, Turkey
  • Jesper Rosenkrans, Total Marine Fuels Pte Ltd, Singapore
  • Valeria Sessa, Reseaworld, Italy
  • J. Stephen Simms, Simms Showers LLP, USA
  • Anna Stefanou, PMG Holding, UK
  • Nicolas Vukelja, Terramar, Panama

The current chair of IBIA, Henrik Zederkof of Bunker Holding, Denmark, and the current treasurer, bunker industry veteran and independent consultant Nigel Draffin. UK, will be stepping down at the end of March 2022, when their elected terms come to an end

Unni Einemo, Director of IBIA, said:

“I was so pleased to see the high number, calibre and variety of candidates in the IBIA board elections both this year and last year; a testament to IBIA’s growing stature and relevance. It is refreshing to see more women join the board, increasing the number from one at present, to three.”

“Henrik has shown such strong drive and commitment to the focus areas he outlined for IBIA when he became chair, and we are lucky to have another driven individual when our current vice-chair, Timothy, steps into the role. Our new vice-chair, Constantinos and our new treasurer, Adrian are both very pro-active and great resources for IBIA. We will miss Henrik and our treasured treasurer Nigel, but we have a great team in place for the year ahead. Besides, you do not have to be a board member to take part in IBIA’s work, so we hope both will remain active members”. 

The board also co-opted the chairs of the Interim IBIA Regional Boards for Africa and Asia, respectively, to the IBIA Global Board: Paul Maclons of AMSOL (South Africa) and Rahul Choudhuri of VPS (Singapore). 

Choudhuri will replace Timothy Cosulich as the chair of the Interim IBIA Regional Board for Asia on April 1, 2022 when Timothy becomes the chair of IBIA globally.

Related: IBIA and BIMCO launch survey to identify need for bunker licencing at major ports
Related: IBIA board elections for 2022 now open; 10 candidates competing for four vacancies

 

Photo credit: International Bunker Industry Association
Published: 23 February, 2022

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Winding up

Singapore: High Court to hear Norvic Shipping Asia winding up application on 31 July

Application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to Government Gazette notice.

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RESIZED singapore high court

An application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to a Tuesday (21 July) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 31 July.

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the solicitors of the applicant’s, Oon & Bazul LLC, on payment of the regulated charge for the same.

The Applicant’s address is Hiridostraat 5, Gebouw Prismatrium, 1101CW Amsterdam, The Netherlands.

The Applicant’s solicitors are Oon & Bazul LLC of 103 Penang Rd, #04-04/05/06 Singapore 238467. 

Queries on the winding up application may be directed to the following email addresses: [email protected] and [email protected].

 

Photo credit: Manifold Times
Published: 22 July, 2026

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Methanol

World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Operation involved the delivery of approximately 2,800 MT of green methanol to “Arctic Tern” via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel “M/V Hai Gang Zhi Yuan”.

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World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Marine fuel provider World Fuel on Tuesday (21 July) said it successfully completed the first green methanol bunkering of M/V Arctic Tern, with EUKOR Car Carriers and SIPG Energy at the Port of Shanghai. 

Arctic Tern is the first vessel in the new Shaper Class series of car carriers. 

The operation involved the delivery of approximately 2,800 MT of green methanol to Arctic Tern via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel M/V Hai Gang Zhi Yuan, the largest vessel of its kind in operation. 

The bunkering operation was carried out at Haitong Terminal, Waigaoqiao Port Area, Shanghai Port, with cargo handling operations conducted simultaneously during bunkering.

This marks EUKOR Car Carriers’ first green methanol operation and the first time Arctic Tern has bunkered methanol since its delivery on 9 July. The operation marked the first bunkering at Shanghai Port of green methanol produced locally in Shanghai for an international PCTC operator. 

It also demonstrated the city’s integrated green methanol value chain, spanning local production, storage and bunkering, and established a replicable “Shanghai Model” for green methanol supply.

World Fuel arranged the supply and delivery of the fuel on behalf of EUKOR Car Carriers, working with SIPG Energy as the physical supplier at the Port of Shanghai.

The green methanol supplied was produced from municipal solid waste, ISCC-EU certified, and had a carbon intensity value below 25 gCO₂e/MJ.

Arctic Tern is the first of fourteen Shaper Class vessels ordered by Wallenius Wilhelmsen. With a capacity of 9,300 car equivalent units and methanol dual-fuel capability, the vessel will be operated by EUKOR Car Carriers, jointly owned by Wallenius Wilhelmsen and Hyundai Motor Group. Following her first green methanol bunkering, Arctic Tern will continue her maiden voyage from Asia to Europe.

Xavier Leroi, COO Shipping Services at Wallenius Wilhelmsen and CEO of EUKOR Car Carriers, said: “Completing Arctic Tern’s first green methanol bunkering shortly after delivery is a significant milestone towards our decarbonisation ambition for both EUKOR Car Carriers and Wallenius Wilhelmsen. It demonstrates how investments in next-generation vessel technology and fuel flexibility are being translated into real-world operations. 

“This achievement reflects the strong collaboration between all parties involved. Together, we have shown how partnerships across the maritime value chain can help make lower-emission fuels available and operationally viable at scale.”

Mark Tamsitt, SVP Global Marine Sales at World Fuel, said, “The first bunkering event with a new fuel is a significant moment for any shipowner, and our role is to make it as seamless as possible. By connecting EUKOR Car Carriers with SIPG Energy’s proven green methanol capability at the Port of Shanghai, we were able to deliver on reliable supply, fuel quality, and safe processes. As more of our customers bring methanol dual-fuel tonnage into service, we are committed to being the partner that makes these kinds of operations routine.”

Mr. Zhang Da, General Manager of SIPG Energy, said, “Welcoming Arctic Tern to the Port of Shanghai for her first green methanol bunkering demonstrates the strength and maturity of our supply capability. Building on our well-established methanol ship-to-ship bunkering services for container vessels, we have already extended such services to pure car and truck carriers (PCTCs). This bunkering sets a new record for the largest single SIMOPs green methanol bunkering for PCTCs in China, marking another step in building Shanghai’s position as a global green energy hub for international shipping.”

This operation follows Wallenius Wilhelmsen’s announcement on 9 July that Arctic Tern would complete her first methanol bunkering shortly after delivery. The vessel entered service on routes between Asia and Europe immediately following handover from China Merchants Jinling Shipyard in Nanjing.

 

Photo credit: World Fuel
Published: 22 July, 2026

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Ammonia

HPA and MB Energy develop safety concept for STS ammonia bunkering

HPA says the Port of Hamburg will become “bunker ready” for ammonia, laying the groundwork for safe and reliable ammonia bunkering in the future.

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HPA and MB Energy develop safety concept for STS ammonia bunkering

The Hamburg Port Authority (HPA) and integrated energy company MB Energy on Tuesday (21 July) said they have completed a comprehensive risk analysis and developed a dedicated safety concept for ship-to-ship ammonia bunkering.

MB Energy said the analysis lays the groundwork for the safe introduction of ammonia as a future marine fuel.

“With our planned ammonia import terminal in Hamburg-Blumensand, MB Energy intends to provide the reliable land side supply infrastructure needed to support this transition across northern German ports,” it said in a social media post. 

Mabanaft Group was renamed to MB Energy last year and merged over 50 existing brands under one identity. 

Separately, HPA said the Port of Hamburg will become “bunker ready” for ammonia, laying the groundwork for safe and reliable ammonia bunkering in the future.

“The focus is in particular on container ships, cruise ships as well as RoRo and ConRo (Container/RoRo) ships,” it said. 

“We expect ammonia to establish itself as an alternative marine marine fuel in the coming years. With our preparatory work, we are already creating the conditions to welcome the first ammonia-powered ships in Hamburg and to bunker them safely.:

HPA added that the import terminal for ammonia planned by MB Energy from 2029 will make a decisive contribution to ensuring the reliable availability of ammonia as a bunker fuel in northern German ports in the long term. 

“The use of an ammonia bunker barge is considered a possible addition to the landside infrastructure to enable ship bunkering in the port and beyond in the future,” it said.

Related: Mabanaft Group renames as MB Energy, merging over 50 brands under one identity

 

Photo credit: Hamburg Port Authority
Published: 22 July, 2026

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