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.

Published

2 years ago

April 4, 2024

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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.

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

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Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

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The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

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