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, quality, and availability, but also on credit.
Designed for new entrants as well as those seeking a refresher, 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 (remove-and lubricants) procurement process including transitions and shifts in the last 5 years covering:-
Delivered over 3 Modules (UAE Time)
Held in Conjunction with the 2021 Fujairah Bunkering Week
Designed for new entrants as well as those seeking a refresher, this virtual training course comprising 2 live instructor-led sessions, 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 procurement process including transitions and shifts in the last 5 years covering:
The course will be taught live via a video conferencing platform, covering a combination of theoretical and practical applications. The course instructor will adopt an interactive approach which will encourage active participation, delegate engagement and contribution through live sharing of views and experiences. A role play will simulate real life scenario challenges and expose delegates to operations, logistics and crude prices in real time.
Managing Director, Founder/Sr. Bunker Broker, Prime’s Bunkersplus Services
Irene Notias is a businesswoman who has been working in the Marine fuels (Bunker) Industry since 1999, as a bunker fuels broker. Her mission has been to help her clients sustain their businesses through efficient cost savings by strategy and consultation, training and educating via seminars and presentations. Irene’s interest has always been on improvement. Hence, she has spent numerous years creating systems and procedures for her business besides producing educational presentations to train personnel and newcomers. She has authored several trade articles for Petrospot, World Bunkering, Ship & Bunker, besides numerous Greek Shipping trade journals. One of the most recent one being “The Achilles Heel of Shipping” published in the Maritime Executive, April 14, 2019.
A broker business of her own emerged in February 2002. Till today, Irene runs this company out of Greece and enjoys servicing Greece’s finest shipowners and educating all stakeholders in the dynamics of bunker pricing, financing, and the supply value chain and how it affects the end user’s interests, as well as the sellers.
She has organized and spoken in several forums, latest for Posidonia 2020 web series.
Prior to a career in bunkering, she worked in executive administration posts in a ship owning company and multi-national corporations like IBM & Nichiman America in NYC where she also created a startup business in wholesale and retail sales, lasting a decade. Later in Greece, she became a Systems Analyst for Ceres Hellenic Hydrofoils.
Irene is a graduate of Pace University, NYC, with a Bachelors in Business Administration (BBA) degree in International Management (minors Marketing & Political Science). She has also studied Human Relations at Brooklyn College’s Master’s Program in Psychology.
She is an active member of IBIA and has sat on several boards of trade associations such as WISTA Hellas and is a Governor of the US Propeller Club Port of Piraeus.
She founded the NPO, Project Connect, in 2015, to enhance youth employability in shipping companies and prevent brain drain in Greece – a common phenomenon in the Mediterranean. This same NPO is responsible for introducing and implementing the Adopt a Ship maritime educational program in Greek elementary schools which is now running in its 3rd school year. Like her favorite painting by Artist, Eva Divari, The Surfer, Irene has learned to ride the waves.
Module 1: The ABC’s of Bunker Fuel Buying
Module 2: Buying Efficiently for Cost Savings
Module 3: The Bunker Game
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.
17 – 18 March 2021
In 2019 the global shipping fleet used about 4 million barrels a day of high sulphur bunker fuel. In 2020 with the new sulphur cap regulations, a substantial amount of this has been 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.
This 2-day workshop provides delegates with an introduction to oil trading, particularly the very large international middle distillate market, and the concept of managing the new price risks using futures and swaps.
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.