7/31/2019 Landmark inaugural event brings together leaders in the Middle Easts bunker industry

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Landmark inaugural event brings together leaders in theMiddle Easts bunker industry

Representatives of the shipping and bunker supply industry in the Red Seaand Gulf region convene to improve services in one of the worlds busiest

shipping routes

Dubai - 19 May 2012: Bunkering, the supply of fuel for ships, is a major

industry in the Red Sea and Gulf region, as international freight passesthrough the global shipping artery of the Suez Canal. With the UAEs FujairahPort alone being the second largest refueling port in the world, many otherports in the region are also boosting their services to meet internationaldemand.

RESCON, the Red Sea and Gulf Bunkering Conference, is the pioneeringmeeting of professionals drawing bunker and shipping experts from across allcountries in the region to actively debate how they can improve services andoperations in the industry.

Bunkers are the largest cost to any ship owner or operator and so pricingstrategies along with many other elements such as more stringent globalsulphur regulations, piracy prevention, advances in technology, specific portimprovements and hedging strategies to reduce risk in the market will all bediscussed by the regions specialists.

Speaking at the conference is Jan Jacobsen, CEO of Monjasa, supplier of oilproducts worldwide and Headline Sponsor of the event.

The bunkering sector is an important, dynamic, driving factor which is astrong industry to any countrys import and export activities. But the realbenefit is job opportunities that it gives to those in the region, the ability toserve big shipping lines and community developments through education ininternational shipping, said Jacobsen.

7/31/2019 Landmark inaugural event brings together leaders in the Middle Easts bunker industry

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The recent sanctions on Iran will also be considered and how the industry hasadapted to it.

The Bunker Market is growing day by day and more participation frominternational players is making it competitive global market for the rest of theworld. Bunkering is a requirement of every ship and due to the cost impact,ships refuel at the most competitive ports which the Middle East is able tooffer currently, said Kalrav Dixit, group trading manager at Gulf Petrochem,also one of the speakers at RESCON 2012 and Industry Support Sponsor.

RESCON the Red Sea and Gulf Bunkering Conference will take place at theMvenpick Hotel Jumeirah Beach, Dubai on May 21 until May 23. Otherspeakers include Lars Robert Pedersen, Deputy Secretary General, The Balticand International Maritime Council, Saher Tahlawi, Director General, Jeddah

Islamic Port, Saudi Ports Authority, Tamer Masoud, Harbour Master, Port Of Fujairah, Julius Rodrigues, Operations Manager, United Arab ChemicalCarriers, Morten Dehn, General Manager Bunker Department, Mur Shipping,Abdulla Al-Hayyas, senior manager at the Dubai Maritime City Authority, andmany others.

-ENDS-

About RESCON:

The Red Sea and Gulf Bunkering Conference is a comprehensive gathering of bunkerprofessionals focused specifically on the Red Sea and Gulf region. The conference takingplace in the UAE for the very first time breaks down each component impacting the bunkerbusiness to give detailed and specific guidance, advice and strategies for issues that arechallenging the industry. Delegates can forge lucrative commercial partnerships and gaininsight from peers. Topics for the event include bunker pricing, economic impacts, riskmanagement, piracy, future contracts, port spotlights and many more. Sponsors includeMonjasa, Bakri International Energy Co., IBCO and Gulf Petrochem. Supporters of the eventinclude Dubai Martime City Authority and The International Bunker Industry Association. Formore information visit www.iirme.com/rescon

For media requests, please contact:

Phone +971 55 690 1973Email: teneshia@tcf-me.comP.O. Box 29764, Dubai, United Arab EmiratesFax +971 (4) 447 2505

http://www.iirme.com/resconmailto:teneshia@tcf-me.commailto:teneshia@tcf-me.comhttp://www.iirme.com/rescon