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S&P Global Commodity Insights announces key speakers and agenda for FUJCON 2023

Key decision makers, thought leaders and marine experts will share their views, analysis and insights on global bunker and fuel oil market developments and future bunker fuels development.
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S&P Global Commodity Insights recently announced further details of the 13th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2023), to be held at the Novotel Fujairah on 13 to 15 March 2023.

Jointly hosted by the Department of Industry & Economy, Government of Fujairah and Port of Fujairah, with the support of Fujairah Oil Industry Zone, FUJCON is rapidly gathering momentum with key speakers from the leading oil and bunker companies.

Following a record oil handling year in 2022, Fujairah will see new storage projects kick-off during 2023 with current storage capacity standing at 11.1 million cbm. The investments will further strengthen its position as one of the Middle East’s largest storage, trading and bunkering hubs, which saw close to 12,500 vessels calling at the Fujairah Offshore Anchorage Area in 2022. 

Furthermore, the port will commission its new dry bulk export facility in Dibba, adding an initial 18 million tonnes of aggregate handling capacity. The Etihad Rail project will complete its connection inside the Port of Fujairah and link Fujairah with other key economic zones in the United Arab Emirates for the movement of containers and general cargo.

The UAE Energy & Infrastructure Minister, His Excellency Eng. Suhail Mohamed Al Mazrouei, will deliver a ministerial address on the opening day of the forum on March 14, 2023. Following the ministerial address, other eminent thought leaders will also provide state of the industry addresses, including:

  • Dave Ernsberger, Head of Market Reporting & Trading Solutions, S&P Global Commodity Insights, is to deliver the State of the Marine Fuel Alternatives
  • Tyler Baron, CEO, Minerva Bunkering will deliver the State of the Bunkering Outlook

Through presentations and roundtable discussions, key decision makers, thought leaders and marine experts will share their views, analysis and insights on the global bunker and fuel oil market developments, as well as challenges and steps to be taken by the marine industry in facing the future fuels development.

Under the theme The Maritime Energy Transition and Future Fuels, the two-day forum will provide a packed agenda featuring seven sessions. Speakers will also explore the energy transition and carbon reduction requirements, which are forcing a paradigm shift in the maritime industry and affecting the bunkering and fuel oil sectors.

The debate and discussion on the first day, March 14, will cover a range of topics, including: decarbonization and the role of finance in the shipping industry; market developments and Fujairah’s future fuel options from the supply, operational, environmental and economic  perspectives; fuel oil trade flows and pricing trends; as well as operational challenges and technological developments.

On the second day, March 15, speakers will continue to interact with topics, including: global carbon tax or State vs IMO regulations; contract terms and rules on carbon neutral cargoes; role of LNG in the decarbonization pathway; decarbonization options for maritime operations; demand for biofuels and methanol supplies; as well as terminal infrastructure changes to handle storage of alternative fuels. The forum will be closed with offshore site visit to the Port of Fujairah.

Dr Mohammed Saeed Al Kindi, Chairman, FUJCON Steering Committee, said: “The hosting of the much anticipated in-person FUJCON 2023 affirms the commitment of the Department of Industry & Economy, Government of Fujairah, and the Port of Fujairah as hosts, to provide a meeting ground for important dialogue, deliberation and discussion.”

“These have been the distinguishing features of FUJCON since its inception and it continues to provide a fitting stage for a world class event on the international bunkering community’s annual calendar. The Forum will integrate both industry leaders and practitioners, delivering high level content, industry know-how and technical insights to stakeholders and participants, who will once again engage and network face-to face.”

FUJCON 2023 has received support and sponsorship from leading marine and bunkering brands including platinum sponsor Peninsula, corporate sponsors ADNOC Logistics & Services, ARIA COMMODITIES, Axiom Global, Fujairah Oil Terminal, GPS Chemoil, Montfort, Sinopec Fuel Oil,

Vopak Horizon Fujairah, VTTI, and VPS as well as function hosts Port of Fujairah, National Bank of Fujairah, Intertek and AKRON. The 2023 event is also supported by BIMCO, INTERTANKO, IBIA and Institute of Chartered Shipbrokers.

Note: For more information about FUJCON 2023, please visit www.fujcon.com 

 

Photo credit: S&P Global Commodity Insights
Published: 21 February, 2023

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

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.
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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.
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July 21, 2026

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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