From the recent upheaval of IMO 2020, the present day disruptions of COVID-19, to a future demanding a complete rethink on marine energy; the shipping and bunker industries find themselves at arguably the most challenging point in their history.
In response to this most critical of times, International Bunker Industry Association (IBIA) has announced that for 2020 its Annual Convention will take a completely new, innovative, and entirely online format.
To be held between 3 to 5 November, the ‘IBIA Annual Convention 2020 – Going Global’ event will include a virtual exhibition hall, access to extensive in-depth on-demand content, and a series of both regional and globally-focused live panel discussions with audience participation.
The event will be officially opened by Kitack Lim, Secretary-General at the International Maritime Organisation (IMO), who will deliver the keynote speech.
Unni Einemo, Director at IBIA and IMO Representative, and Henrik Zederkof, Chairman of IBIA, will both be presenting the welcome address.
Delegates interested in attending the event are welcomed to register here.
Photo credit: International Bunker Industry Association
Published: 9 September, 2020
Monthly estimated demand of 30,000 mt of LSFO for coastal ships plying on India’s eastern coastal route are not met, say local bunker suppliers.
The midship portside cargo tanks of Trung Thao 36-BLC reportedly exploded at 6.30 am on Monday while waiting to be cleared for bunkering operations.
Company seeks to make IPO in mid-2018 with expected chartered capital of $630 million.
‘The merger has regulatory approval, and creates one of the largest and most experienced independent marine energy service and solutions providers in the world,’ it said.
‘The new facility will test fuel to ISO 8217 standards to highlight substandard samples and to help identify the causes and origins of fuel-related problems,’ it said.
Post IMO 2020, VLSFO bunker supply has exceeded distillate fuel and has raised the stakes regarding associated costs of transaction of these marine fuels, said VPS.
The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo.
Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship, and more.
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
