Module 1: 11.00am to 1.00pm UAE time
Module 2: 1.30pm to 3.30pm UAE Time
Module 3: 11.00am to 1.00pm UAE Time
Module 4: 1.30pm to 3.30pm UAE Time
New rules came into force from the beginning of 2020 to curb the pollution produced by the world’s ships, specifically, by reducing the sulphur level in bunker fuels. This change has affected oil producers, refiners, bunker fuel sellers and shipping companies alike. The exhaust emissions can be improved with sulphur scrubbers on each vessel or by burning lower sulphur marine bunker fuels. The demand for higher sulphur fuel has reduced and that for low sulphur marine diesel has relatively increased in the past year.
In 2019 the global shipping fleet used about 4 million barrels a day of high sulphur bunker fuel. A substantial amount of this has been be replaced by marine diesel (also known as marine gasoil). The marine diesel market is quite different from that for bunker fuel. It is intricately linked to the international market for diesel and other middle distillates and is therefore influenced by different marketing drivers. Both the absolute price and the price volatility of diesel are higher than for heavy fuel oil but there are well-tested techniques to help manage the risks involved.
The course will be taught live via a video conferencing platform. The course instructor will adopt an interactive approach which will encourage active participation, delegate engagement and contribution through live sharing of views and experiences.
The workshop is designed for:-
Independent Consultant, UK
Daniel Carr designed and ran the energy trading module for Warwick University Business School in England. At that time he was the European Representative of the HKMEx and for thirteen years was Vice President International Affairs of the New York Mercantile Exchange. This followed working as a director of ED&F Man’s oil broking business in London and New York. Previously Daniel was a director and oil trader, for crude and refined products for Mabanaft in London. For many years Daniel has run, internationally, courses and modules on oil trading and price risk management. Daniel was a founding director of the International Petroleum Exchange (now ICE).
Full joining guidelines and best practices will be provided for paid registrations, one week before the course dates.
15 – 16 March 2021
Efficient fuel management and safe fuel handling are critical and important to ensure fuel reliability & compliance under IMO’s 2020 sulphur regulations. Significant growth in the use of distillate and non-distillate compliant fuels recently, has brought to fore potential risks in the use of these fuels related to cold-flow properties, stability, contamination, cat-fines, lubricity, viscosity, density, ignition, combustion quality & more. Attend this course to examine the critical risks and develop management strategies to address these problem areas.
21 – 22 March 2021
The process of having to source for compliant fuels by ship owners and operators has made bunker procurement the heart of shipping companies’ strategies and managing energy procurement, a top priority for now and in the future. With the onset of Covid-19, strategic supply chain planning and management has become an imperative for bunker players, with the focus of buyers being not only on fuel price but also, fuel availability.
This virtual training course focuses on examining effective and efficient fuel procurement strategies to deliver a vessel with the fuel it needs to run itself. The course will examine the entire fuel and lubricants procurement process including transitions and shifts in the last 5 years covering:-
2-Day Virtual Forum
23 – 24 March 2021
The 12th Fujairah Bunkering & Fuel Oil Forum 2021, hosted by the Government of Fujairah & Port of Fujairah, and supported by the Fujairah Oil Industry Zone (FOIZ), will be held as a virtual event from 23 – 24 March 2021.
The virtual event will support the global FUJCON community, meeting annually from over 35 countries, with the twin pillars of information exchange and networking, to stay connected until FUJCON re-convenes physically.
The Virtual FUJCON 2021 will bring key decision makers, thought leaders and marine experts who will be sharing views, analysis and insights on the global bunker and fuel oil market developments, & explore the continuing impact and recovery from COVID-19 against the backdrop of industry challenges of the IMO 2020 transition, OPEC + oil price collapse, the horizon of a multiple fuel future, digitalization, decarbonisation and sustainability goals.
FUJCON 2020 will take a deep dive into the key challenges, cutting edge analysis and offering solutions, stability and sustainability for the global and Middle East fuel oil, bunker & oil storage markets, grappling with the market landscape brought about by the pandemic.