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:
- 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.
- 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.
- 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.
- 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.
- 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