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Director of Singapore-based Equatorial Marine Fuel selected as IBIA Asia Regional Board member

Choong Sheen Mao, Director of Singapore’s top bunker supplier Equatorial Marine Fuel Management Services Pte Ltd and Kasper Soerensen, General Manager at Hafnia Bunkers, have joined IBIA Asia Regional Board.

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IBIA selects Director of Singapore-based Equatorial Marine Fuel as Asia Regional Board member

The International Bunker Industry Association (IBIA) on Monday (19 February) welcomed new members to its Asia Regional Board including Choong Sheen Mao, Director of Singapore’s top bunker supplier Equatorial Marine Fuel Management Services Pte Ltd.

Equatorial is a vertically integrated physical bunker supplier. In January 2024, a survey conducted by Singapore marine fuels publication Manifold Times with selected industry sources revealed the firm as the top bunker supplier in Singapore for 2023.

Equatorial owns and operates a fleet over 20 bunker tankers and supplies an annual bunker volume of about 5 million tonnes.

Choong graduated with a Bachelor of Laws (First Class Honours) from the University of Nottingham, United Kingdom. Prior to joining Equatorial, he practised as a shipping and international trade lawyer at one of the largest law firms in Asia.

“In 2022, Equatorial was also ranked by the Maritime and Port Authority of Singapore (MPA) as the largest marine fuel supplier by volume in Singapore,” IBIA said in a social media post. 

Kasper Soerensen, General Manager at Hafnia Bunkers oversees Hafnia’s bunker alliance in the Middle East and Asia. He boasts an extensive background of over 15 years in the shipping and bunkering industry. 

“Throughout his professional journey, Kasper has garnered valuable experience working with physical suppliers and traders, including notable tenures at Bomin in Hamburg and Glencore in London and Singapore,” IBIA said.

“These experiences have contributed to his expertise in the industry, ultimately leading him to his current role at Hafnia.”

Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2023
Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2022
Related: Singapore: President of Equatorial Marine Fuel Management Services receives ‘Industry Icon Award’
Related: Singapore: Equatorial Marine Fuel builds four “new generation” methanol-ready bunker tankers
Related: Singapore: Equatorial Marine Fuel, CMS, SGTraDex link decarbonisation and digitalisation solutions in milestone bunker transaction
Related: Singapore: Equatorial Marine Fuel boosts sustainable marine fuel supply business with biofuel delivery to OOCL containership
Related: Singapore: Equatorial Marine Fuel launches sustainable energy business unit, commits towards multi-fuel future

 

Photo credit: International Bunker Industry Association
Published: 20 February, 2024

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Nuclear

Eleven global names launch new association to promote nuclear power for ships

NEMO’s inaugural members include HD KSOE, Lloyd’s Register, Onomichi Dockyard, Core Power, VARD Group and Bureau Veritas.

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Kinsey W on Unsplash

A global group of leading companies with a common interest in developing nuclear energy solutions for the maritime sector recently announced the formation of the Nuclear Energy Maritime Organization (NEMO).

By bringing together stakeholders with relevant expertise, NEMO aims to assist nuclear and maritime regulators in the development of appropriate standards and rules for the deployment, operation and decommissioning of floating nuclear power.

“NEMO will provide expert guidance and promote the highest safety, security, and environmental standards in the development of this nascent industrial sector, fostering collaboration, knowledge sharing, and advocacy among its members and stakeholders,” according to the companies in NEMO’s website. 

Advanced nuclear technologies deployed at sea can reduce environmental impact, enhance social responsibility, and increase economic competitiveness. NEMO aims to provide a platform for its members to network and facilitate a functional connection between regulators to foster development and exchange best practices.

NEMO will be headquartered in London and will officially start its proceedings in 2Q 2024.

NEMOs inaugural members are:

  • HD KSOE, a Korean shipbuilding company with R&D and engineering capabilities in the marine industry including ship design and construction, and a subsidiary of HD Hyundai.
  • Lloyd’s Register, a UK-headquartered maritime classification society specializing in ship design, energy transition advisory, compliance, and consultancy services.
  • BWXT Advanced Technologies LLC, an American manufacturing and engineering company providing nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine, and space exploration.
  • TerraPower, LLC., an American nuclear innovation company striving to improve the world through nuclear energy and science.
  • Onomichi Dockyard, a Japanese ship builder and ship repairer, founded in 1943 and still at the pinnacle of construction of marine assets to this day.
  • Westinghouse Electric Company LLC, an American nuclear reactor designer and vendor providing innovative new and conventional nuclear solutions and other clean power technologies and services globally.
  • Core Power (UK) Ltd., an Anglo-American maritime nuclear innovation company building a market for new nuclear in maritime and delivering marine- appropriate reactor plants for heavy industry and transport.
  • VARD Group AS, a pre-eminent global shipbuilder, ship designer and ship technology provider, delivering high-quality specialised vessels for the global market, part of Fincantieri S.p.A.
  • Bureau Veritas, a world leader in testing, inspection, and certification services - and represented in NEMO by its Marine and Offshore Division, comprising classification and maritime consultancy services.
  • RINA, an inspection, certification, ship classification and engineering consultancy multinational active in the Energy, Marine, Certification, Infrastructure & Mobility, Real Estate and Industry sectors.
  • JEIL Partners Ltd., a Korean developer, consultant, and project manager with a history serving the nuclear supply chain in South Korea and overseas.

NEMOs inaugural chairman, Dr. Mamdouh el-Shanawany, former head of the IAEA Safety Assessment Section and Global Nuclear Director at Lloyd’s Register, said: "We are very excited to launch NEMO, which we believe will be a valuable and influential voice for floating nuclear power.”

“We invite all stakeholders who share our vision and values to join us and become part of this dynamic and forward-looking alliance.”

Membership of NEMO is open to companies with a bona-fide link to the floating nuclear power segment and who meet the organization's membership criteria, which include a commitment to sustainability, innovation, and excellence.

The organization plans to hold regular events, workshops, webinars, and publications for its members and the wider public. 

The organization also intends to collaborate with other industry associations, government bodies, academic institutions, and civil society organizations to advance the cause of floating nuclear power.

 

Photo credit: Kinsey W on Unsplash
Published: 9 April 2024

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Business

IBIA announces new board of directors

IBIA announced the appointment of Constantinos Capetanakis as Chairman, Adrian Tolson as Vice Chairman and Nigel Draffin as Honorary Treasurer.

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IBIA announces new board of directors

The International Bunker Industry Association (IBIA) on Wednesday (3 April) announced the newly elected leadership team to drive the Association’s strategic initiatives and represent the interests of its members globally.

Effective 1 April, the following individuals will serve as members of the IBIA Board of Directors.

“Please join IBIA in welcoming Constantinos Capetanakis, Adrian Tolson and Nigel Draffin to their officers’ roles,” IBIA said in a statement. 

Chair: Constantinos Capetanakis, Star Bulk

In 2014 Constantinos joined Star Bulk, serving as General Manager of a number of private vessels and subsequently as Executive Vice President – Control Director of the group’s procurement arm, Ship Procurement Services SA. Since 2019 Constantinos is serving as Star Bulk’s Bunker Director, responsible for bunkering procurement / strategy and Star Bulk’s cooperation with bunker industry stakeholders.

Vice Chair: Adrian Tolson, 2050 Marine Energy LLC

Adrian Tolson is the owner of 2050 Marine Energy and is widely recognised as one of the shipping industry’s leading marine energy experts. With more than 35 years of experience, he has both detailed knowledge and unique insight into the bunker supply chain and its many related infrastructure developments.

Hon Treasurer: Nigel Draffin, Consultant

Nigel Draffin, with a career starting at sea as an engineer for Shell in 1966 and transitioning ashore in 1979, has contributed extensively to the maritime and bunker industry. He’s a technical consultant with over 25 years of experience, a founder and former chairman (2012) and Treasurer (2022) of IBIA and was re-elected to the Board in 2023. Draffin has authored 13 books on Bunkering and Shipping and is an esteemed speaker at industry conferences.

Newly elected Board Members:

  • Ufuk Erinc, CEO, Unerco Petrol Urunleri Denizcilik ve Ticaret A.S
  • Deanna MacDonald, CEO, BunkerTrace Ltd (UK)
  • Maria Skipper Schwenn, Director of Regulatory and Public Affairs, Bunker Holding Group

Continuing Board Members:

  • Eugenia Benavides Buitrago, Marine Fuels Director, Terpel S.A.
  • Claudia Beumer, Owner, C4 fuel BV
  • Rahul Choudhuri, President of Strategic Partnerships, Veritas Petroleum Services (Asia) Pte Ltd
  • Timothy Cosulich, CEO, Fratelli Cosulich
  • Jeroen de Vos, Head of Quality, Peninsula
  • Colin Holloway, Global Head Technical, Cockett Marine Oil
  • Paul Maclons, Chair, AMSOL Board of Directors, African Marine Solutions Group (Pty) Ltd
  • Valeria Sessa, CEO, ReSeaWorld s.r.l
  • Anna Stefanou, Finance and Credit Manager, PMG Holding

Constantinos Capetanakis, said: “I am greatly honoured to be IBIA’s Chair and excited for the times ahead, being determined to lead the Association to further global growth and visibility throughout the entire shipping community”.

“This group of individuals bring a wealth of knowledge, experience, and dedication to their roles, and IBIA is confident that under their leadership, the Association will continue to flourish and advance the interests of the bunker industry worldwide,” the association added. 

Capetanakis recently updated Manifold Times in an exclusive interview on the changes he will be implementing for IBIA during his tenure as its new Chairman including IBIA’s plans to intensify cooperation with all partners in Singapore, China, Europe, the United States, Middle East, and more.

Related: Interview: IBIA to intensify all marine energy related stakeholder activities, says new Chairman

 

Photo credit: International Bunker Industry Association
Published: 4 April 2024

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Interview

Interview: IBIA to intensify all marine energy related stakeholder activities, says new Chairman

Constantinos Capetanakis, Bunker Director at Star Bulk Carriers Corporation, updates Manifold Times the changes he will be implementing for IBIA during his tenure as its new Chairman.

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Constantinos Capetanakis, Chairman of IBIA

The International Bunker Industry Association (IBIA) will be intensifying its exposure on all fronts under the new leadership of Constantinos Capetanakis, Bunker Director at Star Bulk Carriers Corporation, learns Manifold Times.

Capetanakis recently took over Timothy Cosulich as Chairman of IBIA for a period of two years effective 1 April 2024.

“IBIA is already undergoing a series of changes the past few years. So, during my term, these changes will continue and will increase so that IBIA acquires even more visibility worldwide than it already has,” he told the bunkering publication.

“And by visibility, I mean IBIA will become even more vocal in all activities not only in the International Maritime Organization (IMO), which is our number one priority, but also in other well-known international corporations with which we already do business with, as well as in new partnerships which we intend to form and in events we will be participating.”

According to Capetanakis, IBIA plans to intensify cooperation with all partners in Singapore, China, Europe, the United States, Middle East, and more.

“What I will focus on more is further diversification of IBIA’s membership because we want IBIA to embrace all marine energy stakeholders from all countries whether they have a direct or indirect relationship with marine fuels and not have limits as to who can join IBIA,” he shared.

To date, IBIA has already set up regional board in Asia, Africa, and the Americas. Its latest Middle East regional board was established in November 2023, and the organisation is planning to establish its final regional board in Europe within 2024.

“The creation of the last regional board in Europe will create a vast network for our membership,” stated Capetanakis.

“IBIA is a membership organisation offering specific advantages; the obvious one is the consultative status IBIA has within the IMO where we can suggest interventions on behalf of members and the bunkering industry.”

Recent interventions which IBIA participated are:

  1. MEPC 81/7/15 (Australia, Denmark, France, Germany, Greece, Japan, Netherlands (Kingdom of the), Norway, ICS, EDF, IBIA, INTERCARGO, INTERTANKO, IPIECA, IWSA, Pacific Environment, RINA, SGMF, WSC and ZESTA) Establishment of an IMO expert group on life-cycle assessment of marine fuels.
  2. MEPC 81/INF.12 (IBIA) Sampling of low-flashpoint fuels supplied to ships for use on board as fuel (MEPC 81, 18 to 22 March 2024) This document provides information on a method developed for the sampling of low-flashpoint fuels (methanol) supplied to ships for use on board as fuel. The proposed method seeks to address the critical need for safety and efficiency in handling low flashpoint fuels during bunkering operations.
  3. ISWG-GHG 16/2 (ICS and IBIA) Revised possible draft amendments to MARPOL Annex VI to implement a simplified Global GHG Fuel Standard (GFS) with an energy pooling compliance mechanism.
  4. MEPC 81/INF.4 (IBIA) Carriage of biofuels for supply to a ship for use as fuel oil on board that ship. MEPC 78 in June 2022 agreed that biofuel blends up to 30% biofuel (B30) could be regarded in the same way as regular oil-based fuels and also that engines certified to do so could use biofuels from B30 to B100 i.e., 100% biofuel. However, IBIA notes that ships engaged in bunkering operations and certified under MARPOL Annex I cannot carry biofuel blends with >24% biofuel even within port waters.
  5. Other IMO related activities - Red Sea – bunker activity report for Africa. Following a request received from IMO, a bunker activity report for Africa has been prepared and posted by both IBIA and IMO: https://www.imo.org/en/MediaCentre/HotTopics/Pages/Red-Sea.aspx

Further, Capetanakis notes IBIA has working groups ranging from digitalisation, future fuels, mass flow meters, technical, and more for all members to participate, exchange knowledge, and present concrete projects, while its regional boards allow stakeholders to express local concerns and activate advocate them.

“IBIA is a place where people can meet, discuss, analyze, intervene, and affect policy because at the end of the day you want real changes to be applied. By strengthening IBIA’s membership, we can be more effective in becoming an even stronger pressure group,” he explained.

“Any IBIA member can be within the centre of developments and take action either in a working group, regional board, or a committee to shape policy.

“We also offer members speaker positions at events, in addition to editorial contribution opportunities at our inhouse magazine for them to speak their mind. Coming up, let’s not forget our upcoming Singapore Dinner in April, plus our Annual convention in Athens in November, both of which events are expected to be massively sold out”

Moving forward, Capetanakis believes his background has prepared himself to be the right man to lead IBIA as Chairman for the next two years.

“I represent a dry bulk shipping company and my company Starbulk Carriers is one of the largest dry bulk shipping companies in the world and listed in the New York Stock Exchange. We are buyers of a substantial volume of bunkers, buying close to 1 million metric tonnes of fuel every year,” he said.

“Being on the buying side, you get to cooperate with a wide network of suppliers, fuel producers, fuel experts, and other stakeholders as well. So, I'm in an ideal position to grasp all the various elements that IBIA needs to focus on, on our way to decarbonisation.

“I also believe my legal background as an English solicitor and a Greek lawyer enables me to grasp the fine details that are needed for IBIA’s narrative to become clearer and encompassing, both to the membership we want to approach but also to the wider public. I think the message will be passed on clearly and I hope I will be able to contribute to that.”

Related: Fratelli Cosulich: Timothy Cosulich named as IBIA Chairman, starts role effective April

 

Photo credit: International Bunker Industry Association
Published: 2 April 2024

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