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IBIA board elections for 2022 now open; 10 candidates competing for four vacancies

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.

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Voting for the IBIA Board Elections 2022 is now open until 16 February, said the International Bunkering Industry Association (IBIA) on Tuesday (11 January).

This year, a total of 10 candidates are standing for election with four 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.

All paid up members of IBIA should have received a link that will enable them to vote.

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

  • Anna Stefanou, Finance Manager , PMG HOLDING (based in United Kingdom)
  • Eugenia Benavides, Marine Fuels Director, Organizacion Terpel S.A (based in Colombia)
  • Jaime Ochoa, Owner and Manager, CI International Fuels SAS (based in Colombia)
  • John Phillips, Director and Co-Founder, Awyr Las Ltd (based in United Kingdom)
  • Kenneth Dam, Head of Bunkering, Trafigura – Director, TFG Marine (based in Switzerland)
  • Rajiv Servansingh, General Manager, State Trading Corporation (based in Mauritius)
  • Timothy Cosulich, CEO, Fratelli Cosulich Bunkers Pte Ltd (based in Singapore)
  • Tyler Baron, CEO, Minerva Bunkering (based in Switzerland)
  • Valeria Sessa, Managing Director, Reseaworld S.R.L. (based in Italy)
  • Wajdi Abdmessih, President, Seahawk Services (based in New Jersey, USA)

The electoral statements of the candidates are as follows:

Anna Stefanou

Career Details

Anna is currently Finance Manager of PMG HOLDING. Anna also holds position as Credit Manager and is part of Business Development team at PMG.

PMG HOLDING is a physical supplier of bunkers in Black Sea ports since 2002. PMG supplies all grades by barge in the Russian Black Sea and Kavkaz OPL. PMG is the incumbent supplier in all ports of Ukraine delivering by own fleet of bunkering tankers and trucks.

Anna started her career at Goldman Sachs and spent a decade in investment banking raising to the ranks of Vice President covering the CEE region before she joined PMG 6 years ago.

Anna was part of WISTA Ukraine, WISTA Cyprus and is currently part of WISTA UK.

Anna holds the following degrees:

BSc Economics from Warwick University

MSc Economics & Finance from Sorbonne University

MSc Finance from Imperial College London

Electoral Statement

As a woman manager and member of WISTA, my aim is to make the female voice heard in bunkering industry. I believe that my background in investment banking and experience in Goldman and Morgan Stanley prior to joining the Shipping Industry will bring yet another angle to the diverse IBIA board.

Eugenia Benavides

Career Details

Born in Barranquilla, Colombia, attended Marymount College of Virginia, USA and  Universidad del Norte, Colombia  earning  a bachelor’s degree in Business Administration and has a post-graduate degree in International Business Management (Univ Javeriana),Maritime Transportation and Port Legislation(Pronaval),  Maritime and Port affairs(CEPAL Chile) and  Administrative Skills(Univ Sergio Arboleda)

Since 1984, Eugenia has worked with major oil company Terpel, handling various positions, such as sales assistant, marketing director, operations, sales, commercial manager, and company’s legal representative  Currently she is the Director of Marine Fuels  and  has been an active member of various professional and community organizations such as ABSA, ACSA,  Marymount School Parents Association, GranAbastos, SACSA, Promitel, Transoccidente and today in  Actuar Famiempresas, Marymount Alumni Association, WISTA Colombia and IBIA and  participates  in SPE Colombia committee.

She has been a speaker-panelist  at the Bunker News Conference, Maritime week Americas  events  worldwide and has conducted various Basic Bunkering Courses in English and Spanish.

Electoral Statement

I am confident that my qualifications and enthusiasm make me an ideal candidate to the board. I am eager to actively participate in the decision-making process relevant to the global bunker community. I have the drive, energy, professional relationships, commitment and years of experience that will help promote IBIA worldwide.

Jamie Ochoa

Career Details

Owner and Manager of CI INTERNATIONAL FUELS, a company with 16 years in Colombia. CI International Fuels is a barges, tugs and trucks owner and Operator Company with services on Bunkering in Colombian’s Ports Board Member AMCHAM (Colombian American Chamber of Commerce) member of the U.S. Chamber Of Commerce.

Active participant, sponsor and speaker in multiple conferences such as IBIA, Maritime Weeks America, Platts, Mare Forum, Wisdom, Argus, Index, Petrospot among others.

IBIA Board Member

Winner of multiple national and international awards for the company: The Bizz Awards, Latin American Quality Institute – LAQI, International Star Award Geneva, Quality Summit Award, Business Merit Award – Universidad Simon Bolivar and as CEO of the company: The World Leader Business Person, Excellent in Quality Management, Excellent in Business Management, Master in Total Quality Administration, Master & Branding / Manager and Leader, Quality Assurance Manager Civil Engineer with a Master in Project Management

Electoral Statement

Throughout all the experience that gives 16 years in the market of the Caribbean and the Pacific makes it necessary for the new airs of IBIA board a professional that could represent the association interests with first-hand information about the behaviour of the market in our region.

John Phillips

Career Details

A long-time active IBIA member and a frequent presenter at IBIA and other industry events. John initially worked in port agency and tanker operations for Rowbotham Tankships, he later managed ship agency offices and operations for Graypen, Haven Marine Services and Furness Marine Services in South Wales, and Athens, and Kanoo in Saudi Arabia.  His skill sets beyond this included on/off hire surveys, ship vetting surveys, ship S&P, dry bulk and liner trades. After postgraduate studies at the University of Plymouth, John specialised in marine and bunker credit management. He managed teams for MRC/Lloyd’s List Intelligence, Ocean Intelligence (OI) and headed notable global bunker credit teams for physical suppliers & B2B traders. John has developed new ideas for bunker credit management, developed bunker credit policies and worked with teams rebuilding his original bunker credit model for universal usage, and introduced a number of key bunker market players to the excess of loss credit insurance concept.

Electoral Statement

Bunkers is undergoing rapid change both in terms of what is marine fuel and how we manage the business of supply. Now, more than ever broad thought processes are needed. My varied shipping background, without acting as trader or broker leaves me well positioned to challenge the status-quo, asking questions like ‘why’.

Kenneth Dam

Career Details

6 years in Monjasa

Started as trader and after one year I took over the Africa book taking it from 2 ships to 25 ships. In the last part of my time in Monjasa, I took over as European lead being responsible for 30 traders and 3 offices. Physical operations in UK Channel, Skaw and Baltics.

5 years in Trafigura

Started in Trafigura start Jan 2017 starting at the fuel desk being responsible for bunkering while assisting mainly the Africa Fuel desk. We started the project on either buying or setting up a bunkering company, and we started TFG start Jan 2020. Being Global head of Bunkering for Trafigura, I am also responsible for TFG setting on the board in all our companies. We are at current doing + 800 KT per month being physical in close to 30 locations.

Electoral Statement

I bring experience on physical bunkering to the board, and the board can have access to knowledge and knowhow not there today. My personal push for MFM in Rotterdam and Antwerp is a good example of the drive and energy; I bring to the table, which I will bring to the Ibia board as well.

Rajiv Servansingh

Career Details

During the past twenty years, I have directed and chaired a number of industry and Government institutions.

2001-2006: The Deputy Secretary General of the Mauritius Chamber of Commerce and Industry – an association of major economic operators in Mauritius

2006-2009: Regional Director for Board of Investments (Mauritius) based in Mumbai, India – Promoting investments in various economic sectors

2009-2021: Chairmanships:

2010-2012: Airport Terminal Operations Ltd, Mauritius

2010-2014: Competition Commission of Mauritius – Setting up the Competition Commission in Mauritius

2009-2021: Managing Director and Chairman MindAfrica Projects Ltd – A company set up by myself for promotion of investments from India to Africa through Mauritius Financial Centre

Chairman Mauritius Africa Fund – A Government agency promoting and facilitating Mauritius-Africa economic integration

I was an elected Member of Parliament in Mauritius from 1976-1982.

Electoral Statement

Coming from a State trading institution from a Small Island Developing economy in Africa, we feel that we can contribute a rather unique perspective to the deliberations of IBIA Board. Mauritius is emerging as an important regional Bunker Trading Hub building on its historical experience as an internationally trading nation.

Timothy Cosulich

 Career Details

Timothy worked as a Strategy Manager at PwC in London and Madrid and was the General Manager at AP Moller Maersk terminal business in the Netherlands. Since 2010 he is the CEO of his family business, Fratelli Cosulich. Tim holds an MBA from INSEAD and is the current Vice Chairman of IBIA, the Chairman of IBIA Asia Regional Board, and the Chairman of YPO Singapore.

He lives in Singapore, is married with two kids and is a passionate triathlete, having represented Italy at the Ironman World Championship in Hawaii.

Fratelli Cosulich is a diversified multinational Group, fully owned by the Cosulich family, now at its 7th generation. The Group started in 1857 as a shipowner and today operates out of 21 countries with revenues in excess of USD 1.5bn per year and over 1,200 employees. Main activities include ship agency, marine fuel trading and physical supply, manning, catering, yacht services, freight-forwarding, and ship owning.

Electoral Statement

Having had the privilege to serve one term as IBIA Board Member and Vice Chairman, I wish to continue the good work that has been done so far to maintain IBIA as a prominent voice in the industry and to add value to its members through engagement and knowledge sharing

Tyler Baron

Career Details

Mr. Baron is the Chief Executive Officer of Minerva Bunkering, a leading marine fuels supplier and subsidiary of the Mercuria Energy Group.

Minerva serves customers in 150 ports worldwide, including 35 physical supply locations powered by the industry’s largest integrated supply chain and portfolio of bunkering dedicated fixed assets.

At Minerva, Mr. Baron has led an expansion of the physical supply network, the development of emissions management services for its customers, and the promotion of greater efficiency and transparency in the industry through the creation of the innovative Advanced Delivery Platform.

Prior to joining Minerva, Mr. Baron led the financial and operational restructuring of Aegean Marine Petroleum Network, Inc., later acquired by Mercuria.

Mr. Baron has two decades of experience in equity and debt capital markets, specializing in public and private investing across the energy and industrial landscape.

Mr. Baron graduated from the University of California at Berkeley.

Electoral Statement

The bunkering industry faces significant change driven by the secular trends of consolidation, digitalization, and energy transition.  From the perspective of leading Minerva’s strategy across each of these trends, I would be honored to contribute to IBIA’s voice as it guides the industry and its stakeholders forward.

Valeria Sessa

Career Details

I am Valeria Sessa, Managing Director of Reseaworld, an Italian female led trading and brokering marine fuel and oil company, based in Naples, and a recently opened branch in Greece, founded 5 years ago thanks to our family tradition.

I personally have 30 years of experience in the shipping sector, first on the side of Shipowners as head of a bunker and lubricant buying office and, since 2016, on the side of traders.

A family activity is always a guaranteed success when you trust the younger generation to steer the vessel in the right direction with trust and responsibility.

We take pride in our company culture that translates in culture of the sea, history and tradition that cannot be imitated.

I believe strongly in the importance of associations and I am consequently a proud member of IBIA, the Propellers Club of Naples and Assarmatori, Italian Red Cross, Wista and Confitarma.

Electoral Statement

I could contribute to the IBIA board with a point of view that concerns the buyer and the seller thanks to my past experience looking towards the future. It would be the greatest honour for me to represent the interests of the shipping industry and would appreciate your vote immensely.

Wajdi Abdmessih

Career Details

During my college years, I started working in Alexandria Petroleum Refinery. After graduating with a degree in Geology/Chemistry, I moved to the USA, studying computer science for two years. I became a laboratory chemist/It and petroleum surveyor in “ABS Oil testing Services,” analyzing fuel oil and petrochemical. Through the years, I occupied different positions from laboratory manager, Operation manager, branch manager, technical director to Global vice president of marine fuels.

In 2014 I founded “Seahawk Services” to provide independent Inspection and Certification services related to the sale and purchase of Oil and petrochemical cargo. Today, we own three laboratories in the USA and Singapore.

Trusted by many fuels suppliers and vessel owners/operators worldwide, in 2014, I blended/evaluated the  2015 ECA 0.10% sulfur fuels and in 2019, I blended/evaluated the 0.50% sulfur fuel, which began in January 2020.

I’m a Long-time member of IBIA, ASTM, CMA and involve as an expert witness in legal disputes of fuel quality.

Electoral Statement

With over 30 years of onhand experience in Marine fuel blending, testing, and inspection, I have the experience and the knowledge to work with all members to overcome today’s fuel challenge and strengthen our team to succeed tomorrow.

 

Photo credit and source: International Bunkering Industry Association
Published: 13 January, 2022

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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