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IBIA Board Elections 2024: Call for Nominations

There will be two vacancies and these elections are an opportunity for IBIA members to seek election to the board and take part in the running of the Association, says IBIA.

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The International Bunker Industry Association (IBIA) on Tuesday (14 November) said it was arranging an election to replace board members whose term will be ending on 31 March 2024. 

IBIA said there will be two vacancies and these elections are an opportunity for IBIA members to seek election to the board and take part in the running of the Association.

Members of IBIA are invited to propose candidates for election who in their opinion will make a meaningful contribution to the running of the Association. 

“Prospective Board Members should be aware that being a Board Member is not just a titular position; they are expected to take an active part in the activities of the Association,” it said. 

Prospective candidates should also look at the Bye-Laws, particularly the parts of Section 14 that deal with the election process.

Candidates for the election to the Board must:

     •        Consent to stand for election

     •        Be paid-up members of the Association

     •        Be proposed and seconded by paid-up Members of the Association

     •        Complete and return the nomination form

Completed forms must be delivered to the secretariat no later than Thursday 14 December 2023 Please return via email to [email protected] the completed nomination form as (i) a signed PDF and (ii) in Word format for processing.

Nominations received after the closing date will not be accepted.

Note: Copies of the Responsibilities of IBIA Board Members can be found here and to download the nomination form, visit IBIA Board Election Nomination Form

Photo credit: International Bunker Industry Association
Published: 15 November 2023

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Association

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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Association

Voting for IBIA Board Elections 2024 open till 17 February

Results of the election will be announced at IBIA AGM on 26 February and newly elected IBIA board members will take up their positions with effect from 1 April.

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The International Bunker Industry Association (IBIA) on Monday (22 January) said voting for the IBIA Board Elections 2024 is now open until 17 February 2024 at 11 am GMT.

This year nine candidates are standing for election, with two vacancies to fill. 

“Members of IBIA are encouraged to vote for the candidates who in their opinion will make a meaningful contribution to the running of the Association,” it said. 

All paid-up members of IBIA should have received a link from CES- [email protected] that will enable them to vote.

If you haven’t received this link or wish to discuss your membership, kindly get in touch with Tara Morjaria – [email protected] 

The candidates in this year’s IBIA Board Elections are:

  • Wajdi Abdmessih, Founder & President, Seahawk Services (Based in the USA)
  • Rafik Ammar, Manager of Government and Public Affairs – Europe, Methanol Institute (Based in Belgium)
  • Ufuk Erinc, CEO, Unerco Petrol Urunleri Denizcilik ve Ticaret A.S (Based in Turkey)
  • Morten Thomas Jacobsen, CEO, Green Marine Bunkering Pte. Ltd. (Based in Singapore)
  • Kenneth Juhls, Managing Director, ZeroNorth Bunker (Based in Denmark)
  • Deanna MacDonald, CEO, BunkerTrace Ltd (Based in the UK)
  • George Masvoulas, Group Managing Director, Petro Inspect Group (Based in Greece)
  • Saunak Rai, General Manager, FueLNG Pte.Ltd. (Based in Singapore)
  • Maria Skipper Schwenn, Director of Regulatory and Public Affairs, Bunker Holding Group (Based in Denmark)

The results of the election will be announced at the IBIA AGM on 26 February 2024. The newly elected IBIA board members will take up their positions with effect from 1 April 2024.

Note: Click here for details about the candidates and their electoral statements.

 

Photo credit: International Bunker Industry Association
Published: 26 January, 2024

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Decarbonisation

IBIA and ICS join forces to submit proposal for simplified Global GHG Fuel Standard 

Objective of proposal is to progressively reduce the GHG intensity of bunker fuels and create a market for production of zero and near zero GHG fuels, to achieve net zero GHG emissions target by 2050.

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IBIA and ICS join forces to submit proposal for simplified Global GHG Fuel Standard

The International Chamber of Shipping (ICS) and International Bunker Industry Association (IBIA) on Monday (20 November) said they have submitted a joint proposal to the shipping industry’s global regulator – the UN International Maritime Organization (IMO) – for a Global GHG (greenhouse gas) Fuel Standard.

Following the agreement in July 2023 by IMO Member States of a net zero GHG emission target for shipping, and that a new suite of GHG reduction regulations should be adopted in 2025, ICS and IBIA have submitted their simplified proposal to the next round of IMO negotiations in March 2024.

The objective is to progressively reduce the GHG intensity of marine fuels and create a market for the production of zero and near zero GHG fuels, to help ensure achievement of the net zero GHG emissions target by 2050.

Within the proposal, ICS and IBIA set out draft amendments to Annex VI of the MARPOL Convention in terms of maximum permitted GHG intensity of marine fuels in 2030, to be followed by an aggressive tightening of this standard in 2040.

In addition to helping to make achievement of net zero emissions possible, the initial GHG intensity standard set for 2030 will support shipping to meet the new IMO target (also adopted by governments in July 2023) that between 5% and 10% of the energy used by shipping must be generated by 2030 from zero or near-zero energy sources. The exact standard for the required reduction in the GHG intensity of marine fuel would be subject to negotiation between governments.

Significantly, the ICS/IBIA proposal provides for a crucial streamlined voluntary “energy pooling compliance mechanism” to address the possibility of fuel producers being unable to supply new fuels in sufficient quantities. This will allow for ships to continue to trade should sufficient quantities of fuels of the required GHG intensity not be made available by energy producers, but without increasing the sector’s total GHG emissions.

Simon Bennett, Deputy Secretary General of the International Chamber of Shipping, said: “The International Chamber of Shipping recognises the importance of meeting our decarbonisation targets, not only for shipping but for the world. Our joint proposal provides flexibility to enable compliance by ships should fuels of the required GHG intensity not always be available. This simplified approach avoids the need for an overly complex system, as proposed by the European Union, whereby “compliance units” or “remedial units” would need to be registered with or purchased from a central IMO registry.”

“The proposed method of pooled compliance would be a private arrangement between shipping companies and would avoid unnecessary administrative burden for governments, including developing countries’ administrations whose support will be vital to move forward at IMO.”

Edmund Hughes, IBIA’s representative at IMO, said: “The bunker industry fully supports an internationally agreed GHG fuel standard for 2030 which will help to create a global market for marine fuels with a reduced GHG intensity, including sustainable biofuels largely supplied as blends which many existing ships are expected to use to enable them to comply.”

“We fully agree with shipowners, as represented by ICS, that the design of the global fuel standard needs to be kept as simple as possible if, as identified by the 2023 IMO GHG Strategy, governments wish to have a workable system in place within the next 18 months, that can be uniformly and consistently implemented and that keeps the administrative burden for bunker operators and suppliers to a minimum”.

The ICS/IBIA joint proposal will be considered by an IMO intersessional working group on GHG reduction in March 2024, immediately preceding the next critical meeting of the IMO Marine Environment Protection Committee (MEPC81).  

The proposal is designed to support a global economic measure to ensure that they work together to deliver on the IMO’s revised strategy.

Photo credit: International Bunker Industry Association
Published: 21 November, 2023

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