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Issue #587

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Project Cargo / Heavy Lift Bi-Annial

South Carolina Ports

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2014 Media Kit
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IBIA asks bunker industry whether or not the customer is really getting value

By: | at 04:46 PM | Channel(s): Ports & Terminals  

Asian growth and-global recovery are the topics for discussion at the International Bunker Industry Association (IBIA) gathering in Hong Kong next week (5-7 November 2013). But the underlying topic of debate at the conference will be “is the customer getting what he pays for”. This question is set against growth and global recovery and how can IBIA encourage measures to be put in place to raise standards.

From quality, quantity, terms and conditions to the standard of education and training, many questions are currently being asked of the bunker industry at a time when the bunker industry is experiencing rapid growth. IBIA is encouraging the industry to raise it standards across the board and wants to engender participation in this debate from all sectors of the bunker supply chain.

The annual convention is a key part of the bunkering industry’s calendar and will be attended by bunker suppliers, brokers, traders, ship owners and managers from around the world. The convention takes place at the Sheraton Hotel & Towers and features workshops, an open forum and networking opportunities.

Hong Kong’s Under-Secretary for the Environment, Mrs Christine Loh, will open the convention by outlining the government’s vision for the port and speak about the importance of the environment for port cities in the future. Hong Kong has faced particularly high level of air pollution in recent weeks and the role that shipping plays in contributing to poor air quality will come under the spotlight. Arthur Bowring, managing director, of the Hong Kong Shipowners Association will also be outlining the steps that the industry is taking to clean up Hong Kong’s air to the international audience of bunker brokers, traders and buyers.

The IBIA convention will focus on the key issues facing the international maritime fuel markets including the implications of the fragmentation of the fuel markets; perspectives on the implications of short delivery from buyers and suppliers and the impact of rapid Asian bunker growth.

Members of association will be asked their views on the strategic focus of the Association as well as

the opportunity to discuss changes to bunker contracts and fuel quality issues.

IBIA chief executive Peter Hall said:

“We greatly look forward to welcoming our members to Hong Kong and getting their input into the future direction of the association. IBIA needs to build on its role as THE voice of the bunker industry and to help policy makers with especially the technical aspects of legislation relating to marine fuels.”