NEW
YORK, Feb. 16, 2023 /PRNewswire/ -- S&P
Global Commodity Insights is pleased to announce further details of
the 13th International Fujairah Bunkering & Fuel Oil
Forum (FUJCON 2023), to be held at the Novotel Fujairah on
March 13 – 15, 2023.
Jointly hosted by the Department of Industry & Economy,
Government of Fujairah and Port of
Fujairah, with the support of
Fujairah Oil Industry Zone, FUJCON is rapidly gathering momentum
with key speakers from the leading oil and bunker companies.
Following a record oil handling year in 2022, Fujairah will see new storage projects
kick-off during 2023 with current storage capacity standing at 11.1
million cbm. The investments will further strengthen its position
as one of the Middle East's
largest storage, trading and bunkering hubs, which saw close to
12,500 vessels calling at the Fujairah Offshore Anchorage Area in
2022.
Furthermore, the port will commission its new dry bulk export
facility in Dibba, adding an initial 18m ton of aggregate handling capacity. The
Etihad Rail project will complete its connection inside the Port of
Fujairah and link Fujairah with other key economic zones in the
United Arab Emirates for the
movement of containers and general cargo.
The UAE Energy & Infrastructure Minister, His Excellency
Eng. Suhail Mohamed Al Mazrouei,
will deliver a ministerial address on the opening day of the forum
on March 14, 2023. Following the
ministerial address, other eminent thought leaders will also
provide state of the industry addresses, including:
- Dave Ernsberger, Head of
Market Reporting & Trading Solutions, S&P Global Commodity
Insights, is to deliver the State of the Marine Fuel
Alternatives
- Tyler Baron, CEO,
Minerva Bunkering will deliver the State of the Bunkering
Outlook
Through presentations and roundtable discussions, key decision
makers, thought leaders and marine experts will share their views,
analysis and insights on the global bunker and fuel oil market
developments, as well as challenges and steps to be taken by the
marine industry in facing the future fuels development.
Under the theme "The Maritime Energy Transition and Future
Fuels", the two-day forum will provide a packed agenda featuring
seven sessions. Speakers will also explore the energy transition
and carbon reduction requirements, which are forcing a paradigm
shift in the maritime industry and affecting the bunkering and fuel
oil sectors.
The debate and discussion on the first day, March 14, will cover a range of topics,
including: decarbonization and the role of finance in the shipping
industry; market developments and Fujairah's future fuel options from the
supply, operational, environmental and economic perspectives; fuel
oil trade flows and pricing trends; as well as operational
challenges and technological developments.
On the second day, March 15,
speakers will continue to interact with topics, including: global
carbon tax or State vs IMO regulations; contract terms and rules on
carbon neutral cargoes; role of LNG in the decarbonization pathway;
decarbonization options for maritime operations; demand for
biofuels and methanol supplies; as well as terminal infrastructure
changes to handle storage of alternative fuels. The forum will be
closed with offshore site visit to the Port of Fujairah.
Dr Mohammed Saeed Al Kindi,
Chairman, FUJCON Steering Committee commented: "The hosting of the
much anticipated in-person FUJCON 2023 affirms the commitment of
the Department of Industry & Economy, Government of
Fujairah, and the Port of
Fujairah as hosts, to provide a
meeting ground for important dialogue, deliberation and discussion.
These have been the distinguishing features of FUJCON since its
inception and it continues to provide a fitting stage for a world
class event on the international bunkering community's annual
calendar. The Forum will integrate both industry leaders and
practitioners, delivering high level content, industry know-how and
technical insights to stakeholders and participants, who will once
again engage and network face-to face."
FUJCON 2023 has received support and sponsorship from leading
marine and bunkering brands including platinum sponsor
Peninsula, corporate sponsors ADNOC Logistics & Services, ARIA
COMMODITIES, Axiom Global, Fujairah Oil Terminal, GPS Chemoil,
Montfort, Sinopec Fuel Oil, Vopak Horizon Fujairah, VTTI, and VPS
as well as function hosts Port of Fujairah, National Bank of Fujairah, Intertek and AKRON. The 2023 event is also supported by
BIMCO, INTERTANKO, IBIA and Institute of Chartered Shipbrokers.
For more information about FUJCON 2023, please visit
www.fujcon.com
About S&P Global Commodity
Insights
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Media Contacts:
S&P Global Commodity Insights:
EMEA: Paul Sandell + 44 (0)7816 180039,
paul.sandell@spglobal.com
Americas: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
Asia: Melissa Tan
+ 65-6597-6241, melissa.tan@spglobal.com
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SOURCE S&P Global Commodity Insights