Royal News » Driving Transformation across the Bunkering Supply Chain

Driving Transformation across the Bunkering Supply Chain

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The highly successful Fujairah Bunkering Week once again underscored Fujairah’s global credentials as one of the top three bunkering destinations and crude oil storage hubs. FUJCON is held every other year under the auspices of the Government of Fujairah and the Port of Fujairah, with the patronage of His Highness Sheikh Hamad Bin Mohammed Al Sharqi, Ruler of Fujairah and Member of the UAE Supreme Council. 

 

FUJCON was honoured by the gracious attendance of His Highness Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, His Highness Sheikh Saleh  bin Mohammed Al Sharqi, Chairman of the Department of Industry & Economy, Fujairah & Chairman of the Board of Port of Fujairah, several VIPs, during the official opening on 28th March. 

 

The 10th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2017) took place 27-29th March seeing a panel of forty speakers addressing trends, issues, challenges and evolution of the oil and bunkering industries.

 

FUJCON continued to draw the best of the global bunkering and marine industries, as delegates gathered from all over the world, converging in Fujairah to examine and debate, key developments in the bunker and fuel oil business and the impact of bunkering developments globally.

 

This year’s event takes place under the theme of ‘Driving Transformation across the Bunkering Supply Chain’, and features decision makers, thought leaders and marine experts discussing the impact/preparation for new sulphur regulations which will come into force in 2020, trading and risk management strategies, the challenges of marine fuel quality, legal perspectives of the bunker industry, new environmental regulations and the growth of LNG bunkering.

 

A key point brought up in the opening remarks and keynote addresses were the implications of restrictions on sulphur emissions on the shipping industry. Sulphur emissions have been linked to premature deaths from lung cancer and heart disease. Currently the limit for marine fuels is over 3000 times higher than for diesel in European road vehicles; the shipping sector is by far the biggest emitter of SO2. One of the central themes of FUJCON 2017 will be how this is adapted to throughout the supply chain.

 

The FUJCON 2017 is always held during the Fujairah Bunkering Week, and is expected to have seen a gathering of 400 participants from thirty countries. This year’s event will see attendees’ alliance over five industry events, varying social functions, site visits and plenty of networking time.

 

Fujcon17b jpgSite visits to Port of Fujairah and Fujairah Port Medical Center were arranged leading up to the event. Attendees were given a tour of all the newest support facilities, the offshore anchorage, the recently launched VLCC berth and the new state of the art Medical Center.

 

The event, and Fujairah Bunkering Week, has been a biennial event launched in the year 2000, and has seen Fujairah flourish as a center of importance in the international anchorage and crude oil industry. Industry players praise it as a great venue in which to network, meet and interact and discuss important issues affecting the bunkering community.

 

The conference was officiated by H.E. Dr Mohammed Saeed Al Kindi, Chairman of the FUJCON Steering Committee & Former Minister of Environment & Water, who delivered the Welcome Address highlighting the development of the emirate of Fujairah.

 

Eminent speakers at this year’s forum included: Dr Fereidun Fesharaki, Chairman, FGE; Mr Christopher Bake, Executive Committee and Head of Origination, Vitol Group, UK; Mr Michael Cleveland, Global Business Director- Refining, UOP LLC, a Honeywell Company, USA; Capt Mousa Morad, General Manager, Port of Fujairah, UAE; Capt Harihar Prasad, MD, McQuilling Partners Inc; Board Member, Institute of Chartered Shipbrokers Middle East, UAE; Mr Yusr Sultan, MD-Terminals, Emirates National Oil Company (ENOC), UAE; Mr Cem Saral, Group CEO, Cockett Marine Oil DMCC, UAE; Mr Grant Hunter, Head of Contracts & Clauses, BIMCO, Denmark; Ms Jasamin Fichte, Fichte & Co. President, WISTA UAE, Mr Mohamed Zaitoun, VP New Building Technical Projects, United Arab Shipping Company, UAE and Mr Lauran Wetemans, GM, DownstreamLNG/LNG Fuel, Shell.

 

FUJCON continues to enjoy the support of the authorities and leading companies in the bunker trade community in Fujairah and the region. The Port of Fujairah, Akron Trade & Transport, Aegean Bunkering, Fujairah Oil Terminals, Fujairah Industry Oil Zone, GPS Chemoil, ILFS Prime Terminals Fujairah, National Bank of Fujairah, Socar Aurora Fujairah Terminal, Vopak Horizon Fujairah, Veritas Petroleum Services & VTTI Fujairah have taken a high profile at FUJCON 2017. The Forum also enjoys support from key organizations including Bakri International Energy Ltd, Gaztransport & Technigaz France, Endress & Hauser, Emirates Maritime Arbitration Centre, S&P Global Platts, Star Fuels, with BIMCO, IBIA, Institute of Chartered Shipbrokers Middle East, WISTA, UAE Shipping Association, The Nautical Institute UAE Branch, The Society for Gas As A Marine Fuel, The Mission to Seafarers as Endorsers and 15 media sponsors.

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