rescon 2014 - the red sea bunkering conference
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Upcoming sulphur regulations and Iranian sanctions are affecting the entire bunkering industry. As the industry anticipates these changes, RESCON 2014 offers a platform for key industry stakeholders to come together and discuss their experiences and challenges in dealing with everything from the regulatory restrictions to the economic crisis. RESCON 2014 gathers senior level representatives from some of the world’s leading ship owners to the key strategic port authorities. Last year we welcomed 100 delegates and are pleased to offer exclusive access to meet some of the leading ship owners. Plus, the Ship Owners attend for free! Find out more at www.gulf-bunkering.com or call +971 4 407 2511 for more information.TRANSCRIPT
The Red Sea and Gulf BunkeRinG ConfeRenCe
www.gulf-bunkering.com
Meet key industry players within the bunkering industry from some of the world’s leading ship owners, port authorities, regulatory bodies, senior bunkering managers and economic experts
Learn best practices in port standardisation from Singapore to Antwerp – directly from the port authorities
Prepare your business for the impact of the new sulphur regulations and industry wide demand to lower carbon emissions
Gauge best practices for fuel testing procedures and how to implement the correct technology for LNG fuels in order to ensure compliance with IMOs fuel standards
Why aTTend?don’T miSS ouR induSTRyleadinG WoRkShopSPLUS!
Pre-foruM WorkshoPs - Sunday 28 September 2014
Post-foruM WorkshoP - Wednesday 1 October 2014
C understanding maritime law and charter party disputes
A fuel quality and fuel testing strategies
B Best approaches in delivering effective risk management
RegisteR befoRe
19 June and save $1,490
ReSCon is the only conference in the middle east that focuses on the Red Sea and beyond to east africa
SpeakeR faCulTy and ShippinG lineS inCludeS:Capt farid Abdel- Jaber
General Bunkering ManagerJordan National shipping
LinesJordan
Islamic republic of Iran shipping Line
Iran
Morten DehnGeneral Manager Bunker
DepartmentMur shipping
UAE
Capt. Mamdouh orabyMarine Consultant & Adviser
Master MarinersEgypt
farhad PatelGeneral Manager
sharaf shipping AgencyUAE
essam el-Din BadawySecretary General
Arab PortsEgypt
hossam AbdelkarimSenior Maritime Analyst
suez Canal AuthorityEgypt
edwin LammersExecutive Commercial
ManagerPort of sohar
Oman
khalid BichouVice President
PorteC - Imperial College London
UK
Ashraf kotaitPort Operations Expertsaudi Ports Authority
Saudi Arabia
shIP oWNers AtteND for free
Headline Sponsor Information Partner Supporting Maritime Authority
Media Partners
World ils
Endorsing Associations
The Dubai Council for Marine and Maritime Industries
28 sept – 1 oct 2014 | The Address Hotel, Dubai Mall, Dubai, UAE #gulfbunkering
Scan here for more information
Tel: +971 4 335 2437 | Fax: +971 4 335 2438 | Email: [email protected] | Web: www.gulf-bunkering.com
Ship Owners 30%
Port Authorities 20%
Government & Authorities 20%
Refineries and Marine Oil Producers 10%
Bunker Fuel Traders 10%
Marine service & Technology Providers 10%
Middle East 45%
South East Asia 25%
Europe 17%
USA 8%
Other 5%
Upcoming sulphur regulations and Iranian sanctions are affecting the entire bunkering industry. As the industry anticipates these changes, offers a platform for key industry stakeholders to come together and discuss their experiences and challenges in
dealing with everything from the regulatory restrictions to the economic crisis.
is the only conference in the Middle East that focuses on the Red Sea and beyond to East Africa. Already in its third year we are pleased to continue gathering representatives from across the bunkering industry to discuss pressing topics’ from the latest port infrastructure developments, new LNG fuels, cutting-edge produces for testing quality of fuels and in-depth macroeconomic overviews.
Do Not MIss thIs YeArs INDustrY LeADING BuNkerING eVeNt
Last year we welcomed over 145 delegates and are pleased to offer exclusive access to meet some of the leading ship owners.
In its third year we have witnessed a 48 % delegate increase since launching the conference in 2012, proving that we are becoming one of the largest bunkering conferences in the region
RESCON gathers senior level representatives from some of the world’s leading ship owners and key strategic port authorities. This year hear exclusive presentations from the following: Jordan National Shipping Line, Islamic Republic of Iran Shipping Line, Arab Ports Saudi Ports Authority and many more
Attend two industry leading pre conference workshops taking place on the 28 September: don’t miss key insights into fuel quality and fuel testing strategies in workshop A, and effective risk management approaches in workshop B
Also attend our exclusive post conference workshop to gain a comprehensive overview of everything your business needs to know within maritime law and understand how you can avoid pitfalls and stay ahead of industry knock backs
This year we have increased the number of structured networking sessions, from speed networking to round tables and interactive panels, providing you with ample opportunity to exchange cards and build business relationships
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28 sept – 1 oct 2014 | Dubai, United Arab Emirates
X Dubai Drydocks X DP World X ADPC X DNVGL X Sharaf Shipping Agency X Jordan National Lines X Monjasa X UK Petroleum Industry Association X MUR Shipping X Arab Petroleum Investments Corp X DNV Petroleum Services
X Oman Ship Management Co. X Petrobras Singapore Pte Ltd X Qatargas Operating Company Ltd X Red Sea Marine Management X Sohar Industrial Port Company SAOC X The Baltic and International Maritime
Council X National Transport Authority,
Government of UAE X Port Of Fujairah X Dubai Maritime City Authority
X Suez Canal Authority X United Arab Shipping Company X United Arab Chemical Carriers X D & K Shipping Ltd X Saudi Ports Authority X Fichte & Co X International Association of Maritime
Economists X …and many more companies
Who you Will meeT
pReViouS CompanieS Who haVe aTTended ReSCon
Who haVe aTTended
shIP oWNers
AtteND
for free
AudienceBreakdown
Marine lawyers & Insurers
Financial Advisers & Lenders
Ship Owners/Operators
Asset Strategy & Planning Bunker Suppliers
Traders & Brokers
Refinery Representatives
Equipment Manufacturers
Fuel & Lubricant Specialists
Technology Providers
Economists & Risk Managers
GeoBreakdown
Tel: +971 4 335 2437 | Fax: +971 4 335 2438 | Email: [email protected] | Web: www.gulf-bunkering.com Tel: +971 4 335 2437 | Fax: +971 4 335 2438 | Email: [email protected] | Web: www.gulf-bunkering.com3
08.30 Registration and coffee
09.00 opening Comments from Chairman
induSTRy maRkeT oVeRVieW and GloBal ChallenGeS
09:15 Global market overview of the bunkering industry � The main challenges affecting the international bunkering market � New sulphur regulations and lowering carbon emissions � Operational challenges and fuel saving strategies � New port infrastructure updates
Morten Dehn, General Manager Bunker Department, Mur shipping, UAE
09:45 Through the value chain: industry perspectives from the ship owner to the port authorities
� Fuel quality and getting it right: new methods in testing fuel quality before usage
� Assessing alternative sources of fuel: is LNG an answer for the bunkering industry?
� Discussing best practices in enforcing standardisation across the value chain
� Macroeconomic overview of the global supply chain and how this will affect the industry
� Shipping demand dynamics and emerging players: how the industry can detect market shifts and prepare for changes
Moderator: farhad Patel, General Manager, sharaf shipping Agency, UAE
rob smith, Principle Consultant, fACts energy, UAE Morten Dehn, MUR Shipping, GM Bunker Department, UAE khalid Bichou, Vice President, PorteC - Imperial College London, UK
Speed neTWoRkinG Your chance to swiftly exchange cards and begin forging new partnerships with the key bunkering sector decision makers at RESCON. The quick introductions you make during speed networking session
mean that you’ll to get to know your key potential clients and partners in an informal setting, enabling you to identify who you need to target and develop deeper relationships with during the next 2 days.
10:30 Refreshment and networking break
ReGulaToRy enViRonmenT
11:10 regulatory changes: how will the regulations affect operations within the bunkering industry
� What are the current operational challenges in preparing for the 0.1 % sulphur regulations and reducing shipping's carbon footprint?
� Challenges within demand and supply: is there enough supply of low sulphur fuel and how can the industry mitigate shortages?
� Assessing the consequences of non-compliance and the fines and penalties in place
Chris hunt, Director General, uk Petroleum Industry Association, UK
11:40 A ship owner’s perspective of complying with new low- sulphur regulations
� What are regional ship owners doing to mitigate sulphur content: how are they ensuring demand will meet supply?
� Addressing key issues from realistic timeframes to environment matters, and considering how different stakeholders will respond to regulatory changes
� Regional and international concerns, how the industry can work together in implementing regulations
12:10 Bunkers and beyond: a macroeconomic look at the regional refining and bunkering trends
� Overview of refineries/refining capacities in the region � Impact of regional refineries on world trades, with a brief
overview of the products sector � India’s role and place in the bunkering industry from an
international perspective � A glimpse of the future: changing dynamics of the global oil
trades and its impact on the region Apurva Mali, Bunker Trader, Monjasa, UAE
poRT oVeRVieW
12:40 The green ports: the new era of cold ironing � Global outlook on how the big operators function: from Singapore
to Antwerp best practices in port management � What are the latest infrastructure developments being
undertaken by port operators? � How globalisation has affected synchronisation and
standardisation across large and small ports � Ensuring there is a more effective way to standardise ports
regionally and globally Ashraf kotait, Port Operations Expert, saudi Ports Authority, Saudi Arabia
13:10 Lunch and networking opportunity
14:30 regional ports and regulatory considerations � Overview of the latest cost trends and port projects � Discussing the latest safety issues and how to increase
measures across all ports, from cargo shipment to onshore logistics and time management
� How port authorities can work with the IMO in standardising regulations across all ports
Moderator: farhad Patel, General Manager, sharaf shipping Agency, UAE essam el-Din Badawy, Secretary General, Arab Ports, EgyptAshraf kotait, Port Operations Expert, saudi Ports Authority, Saudi Arabiakhalid Bichou, Vice President, PorteC - Imperial College London, UK
15:10 how best to overcome landside logistics: strengthening the routes from the cities to the ports
� Addressing the need for more optimised operations from sea side to land side
� The need for improved infrastructure and standardisation procedures across ports
� Overview of the latest projects being undertaken by regional and international ports
edwin Lammers, Executive Commercial Manager, Port of sohar, Oman
15:40 Refreshment and networking break
ShippinG
16:10 environmental challenges within shipping: how the shipping industry can work together in mitigating environmental issues
� Examining the impact of how major shipping lines are merging together and the affect that this has on smaller lines
� Discussing the importance of standardisation across ships in order to create stronger efficiency and timeline delivery across the industry
� Investing in new technology to comply with low emissions: how this impacts the competition and trade in the region
Capt farid Abdel- Jaber, General Bunkering Manager, Jordan National shipping Lines, Jordan
16:40 food for thought closing round table round table 1: Real life challenges in the industry Moderator: farhad Patel, General Manager, sharaf shipping
Agency, UAE round table 2: Existing laws that affect local business round table 3: Operational risk and future predictions for the market: assessing
the commercial business side of bunkering
17.40 CoCkTail ReCepTion
Monday 29 September 2014ConfeRenCe day one PA
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Tel: +971 4 335 2437 | Fax: +971 4 335 2438 | Email: [email protected] | Web: www.gulf-bunkering.com4
08.30 Registration and coffee
09.15 opening comments from the Chairman
09:30 Macroeconomic overview: the global economic crises and the impact on bunker prices and movement in suez canal
� The current economic environment within the bunkering industry and how the bunker business is performing commercially
� Detecting industry price patterns and advanced hedging techniques
� Global synopsis of insurance strategies and credit risk management
hossam Abdelkarim, Senior Maritime Analyst, suez Canal Authority, Egypt
10:10 how the industry can prepare for various risks � Operational risk � Financial risk � Hedging risk � Best methods in mitigating financial risk by accurately assessing
energy price behavior � Tailor made risk management strategies: identifying the best
fixed price agreements for your company
10:40 Refreshment and networking break 11:10 Best strategies for ensuring an effective risk assessment
procedure is created, used and understood � Ensuring that the credit insurer knows what they are looking at:
what are the alternatives? � Step-by-step implementation of strategies for credit risk
application for suppliers, traders and buyers � How best to deal with the challenge of extending credit to 'high'
risk customers: the challenge of oversupply in shippingJohn Phillips, Global Head of Credit, souz Petrolium sA, Singapore
11:40 The information challenge: bunker credit risk assessment in the real world.A dynamic practical exercise and accompanying debate to outline some of the key issues faced in real-world bunker credit decision-making.
� How are credit lines assessed � What market information tools and sources are available � What are the risks and what could be at stake?
Join our expert credit management discussion to learn more and see how you could obtain better levels of credit from your suppliers
Christopher stephen Morgan Regional Credit Manager, Monjasa, UAE
12:40 Lunch and networking opportunity
14:00 Drafting the general terms and conditions for bunker deliveries � Understanding the different perspectives: what should a owner,
charterer and supplier be looking for? � What type of clauses shall be included and how are these clauses
likely to be interpreted by the courts or arbitration panels? � Handling and resolving of disputes
Mohammed el-hassan, Legal Manager, Monjasa, UAE
14:30 The latest update on the Iranian sanctions: how will the results in June affect the industry?
� Outlining the breakdown of the sanctions from a US and EU perspective, how each institution will affect the market and what the bunkering industry needs to know
� Examining how prepared the industry is in responding to the Iranian sanctions in order to determine sources for new fuel
� Best practices in conducting paper trials to test where the fuel comes from and implementing contractual warranties
Patrick Murphy, Senior Associate, Clyde and Co, UAE 15.00 Potential challenges in the use of distillate fuel
� Commercial issues to keep in mind when bunkering distillate fuels � Statutory: typical reasons and frequencies why distillates do not
meet statutory requirements � Technical: operational challenges with the use of distillates in
marine medium speed and low speed engines � Possible future trends in marine distillate quality due to
increased demandThomas tampi, Technical Manager Fujairah, DNV Petroleum services, UAE
15:30 Refreshment and networking break
16:00 New fuels on the horizon: LNG and the bunkering industry � Considering the challenges of using LNG as an alternative fuel
within bunkering: supply of LNG and demand difficulties � Addressing the lack of lack of availability, logistics and
infrastructure in place for LNG importation � Examining the process behind LNG fuelled vessel design, as well
as the crew preparedness to handle LNG as an on-board fuel
16:30 overview on best hedging practices within bunkering � Re-planning of network configuration and financial hedging of
bunker fuel prices � Overview of the latest derivative options within bunker hedging
and best practices in mitigating risk by � Best practices in hedging trades: overview of swaps, options and
commercial fixed prices � Reducing bunker fuel price risk by combining network planning
and bunker hedging
17:00 Closing remarks
SponSoRShip oppoRTuniTieS:
Participating as a sponsor or exhibitor at this year’s RESCON will allow you exclusive opportunities to meet some of the leading ship owners within the industry. RESCON is the ONLY bunkering conference specifically focusing on the Red Sea and Africa and offering you unlimited access to your target market.
Our flexible sponsorship packages are designed to give your brand direct exposure and increase your client base with numerous networking opportunities.
Attracting over 100 senior level delegates
Aaccess to the two day invitation-only speaking platform
Unlimited face to face time for networking with potential clients
Unrestricted exposure to brand your company alongside the leading industry players in the bunkering industry
For customised sponsorship and exhibition packages to meet your specific needs, please contact:Arshed hussain, Business Development Manager
Tel: +971 4 407 2715, Mob: +971 50 559 3922, Email: [email protected]
Tuesday 30 September 2014ConfeRenCe day TWoPr
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Tel: +971 4 335 2437 | Fax: +971 4 335 2438 | Email: [email protected] | Web: www.gulf-bunkering.com5
Sunday 28 September 2014
Wednesday 1 October 2014
pRe-foRum WoRkShopS
poST-foRum WoRkShop
understanding maritime law and charter party disputes
Registration is at 09:00. The workshop runs from 09:30 – 16:30 with appropriate breaks for prayer and refreshments. Lunch will be served at 12:30 – 13:30.The workshop will resume from 13:30 to 16:30 with appropriate afternoon coffee and refreshment breaks in between.
In light of the regulatory changes within the bunkering industry business are still struggling to understand how the regulations will affect them, and more importantly how to implement necessary changes ahead of the upcoming deadlines. After a two day comprehensive conference we have designed a specialised workshop for those in the bunkering industry who would like to gain a stronger understanding of what they must do in order to stay ahead of the latest maritime laws and charter party disputes.
This all day post-conference workshop will focus on specific areas of maritime law that affects the entire industry, from international bunker sales, risk management, accountability and role specification within the bunkering value chain, ship sale and purchase and ship finance.
topics that will be covered:Addressing various charter disputes and the importance of
assessing contracts during initial stages of drafting, in order to ensure that both parties, from ship-owner to charterer, have clear specifications when entering the contract
Clarifying where certain responsibilities lie within the bunkering industry and detecting who is accountable for potential losses due faulty bunkers
Addressing who is accountable for the quality of the bunker and ensuring that procedures are in place for delivering high quality fuel
Best practices in identifying and prioritizing the main risks within international bunkering trade and maritime commerce
Addressing local practice laws, policies and procedures in various jurisdictions in order to ensure that your business is up-to-date with insurance policies
Workshop leaders:Jasamin fichte, Managing Partner, fichte & Co, UAECapt. Anshuman singh, Admiralty Manager, fichte & Co, UAEAlessandro tricoli, Partner, fichte & Co, UAEravi P. Jawani, Partner, fichte & Co, UAE
Workshop C
Quality of fuel and fuel testing strategiesRegistration will be at 08:00. The workshop will run from 08:30 to 12:30 with appropriate breaks for prayer and refreshments. Lunch will be served at 12:30.
As the industry gears up for use of new fuels in the market such as LNG, quality of fuel and fuel testing strategies remain as a key issue facing the bunker industry. This master class will focus on how the industry needs to come together and reassess the current procedures for fuel testing. In order to mitigate the current risk posed by bad quality fuels and to ensure that the bunkering industry is complying with the IOCs fuel standards which are becoming more rigorous and standardized.
topics that will be covered:Insight into the latest use of cutting- edge technology, high-
end analytical tools and analytical expertise to determine various bunker fuel characteristics
Strategies to ensure the accuracy of testing and ensuring results are delivered in a effective and efficient manner
Ensuring the IMOs specification of pure fuel are being followed and understanding IMO specifications from 2005 and 2010 standards
Workshop leader:khalid Bichou, Vice President, PorteC - Imperial College London, UK
Workshop A
Best approaches in deliveringeffective risk managementRegistration will be at 13:00. The workshop will run from 13:30 to 17:30 with appropriate breaks for prayer and refreshments.
As freight rates and ship prices have increased significantly in recentyears, the bunkering industry has faced challenges to stay afloatagainst these economic downturns. Now more than ever companiesare encouraged to take stringent measures in minimising costs in alloperations and mitigating risks. This workshop is broken into two parts; the first part aims to outline potential risks within bunkering and best strategies in ensuring an effective risk assessment procedure is in place. The second part looks at hedging and derivatives usage in more depth.
topics that will be covered:Taking control of freight rates, ship values, bunker price, credit,
foreign exchange and interest rate risks
Ensuring that thorough checks are completed on day to day operating activities
Best practices in credit risk application and counter party risk within bunkering
Raising awareness of how various physical and derivatives instruments can be used to control such risks efficiently and effectively
Best methods in hedging and derivatives: what type suites your company
Workshop leaders:John Phillips, Global Head of Credit, souz Petrolium sA, SingaporeChristopher stephen Morgan, Regional Credit Manager, Monjasa, UAE
Workshop B
28 sept – 1 oct 2014 | The Address Hotel, Dubai Mall, Dubai, UAE
Please þ the session/s you wish to attend:
deleGate details
First Name: Surname:
Job Title:
Company:
Address:
Postal Code: Country: City:
Tel: Mobile: Fax:
Email:
PAYMeNts
A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event.
CANCeLLAtIoN
If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge. Registration fees for registrations cancelled 7 days or less before the event must be paid in full. Substitutions are welcome at any time.
All registrations are subject to acceptance by informa which will be confirmed to you in writing. Due to unforeseen circumstances, the programme may change and informa reserves the right to alter the venue and/or speakers or topics.
AVoID VIsA DeLAYs – Book NoW
Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible. Visas for non-GCC nationals may take several weeks to process.
Five easy ways to Register
[email protected] Informa Middle East Ltd. P.O Box 9428 , Dubai, UAE
www.gulf-bunkering.com
Price Before 19 June 2014
Price Before7 August 2014
Price Before 28 August 2014 final Price
Conference + 3 Workshops us$4,390 us$4,590 us$4,790 us$4,990
Conference + 2 Workshops us$3,535 us$3,735 us$3,935 us$4,135
Conference + 1 Workshop us$2,680 2,880 us$3,080 us$3,280
Conference only us$2125 us$2325 us$2525 us$2725
Workshop only (per Workshop) us$850 us$950 us$1,050 us$1,150
Conference fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.
all registrations are subject to our terms and conditions which are available at www.iirme.com/terms. Please read them as they include important information. By submitting your registration you agree to be bound by the terms and conditions in full.
CALL: +971 4 335 2483e-MAIL: [email protected]
GrouP DIsCouNts AVAILABLe
OJ
ay2029
eVeNt VeNue:
The Address Hotel, Dubai Mall, Dubai, UAETel: +971 4 438 8888
ACCoMMoDAtIoN DetAILs
We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the Hospitality Desk for assistance on:Tel: +971 4 407 2693 Fax: +971 4 407 2517Email: [email protected]
BUNKERINGEN110306LK/DD
+971 4 335 2437 +971 4 335 2438
sunday 28 september 2014 Monday 29 september 2014 tuesday 30 september 2014 Wednesday 1 october 2014
Pre forum Workshop A
Pre forum Workshop B resCoN 2014 Conference Post-forum Workshop
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