May for IBIA has been a month of Challenge, Participation, Ingenuity and FAME.
The Challenge has come from the courts, where UK Supreme Court findings left end buyers vulnerable to multiple demands for payment for the same stem. Immediately following the announcement, IBIA called on the industry to think innovatively and to come together to address the inconsistencies and uncertainties arising in the fallout from OW’s bankruptcy. Read on to see the full press release IBIA issued to the media.
Participation – It’s been a busy month for IBIA board members speaking and participating in events on both sides of the Atlantic, in Fort Lauderdale at MWA and the Platts bunker conference in Rotterdam. The topics addressed look at the implications emerging from IMO and impacts on the industry. We have also been busy working on IMO matters in liaison with other industry bodies, and monitored the 96th meeting of the IMO’s Maritime Safety Committee. We report here on some interesting developments on flashpoint and LNG bunkers.
The Ingenuity comes in as we inch towards ratification of the Ballast Water Management (BWM) Convention. The IMO is now considering whether to review the procedures for Parties to the BWM Convention to grant exemptions for vessels operating in a limited geographical area – such as bunker tankers. IBIA has been talking to Interferry about this, read on to find out more.
And finally, FAME. Those questioning the impact of biodiesel blends with up to 7% FAME in the marine fuels market will value IBIA’s assessment.
Also this month we get to know another IBIA Board Member; Mustafa Muhtaroglu, owner and Chief Executive of Energy Petrol, and we welcome a new face to our IBIA in Africa team. Niall Kramer is CEO, SAOGA (South African Oil and Gas Alliance), and he brings more than 25 years of industry experience and expertise to our EXCO Board.
That’s just a hint of some of the items in this months’ newsletter, scroll down to see more news and some essential ‘save the dates’ for IBIA events you won’t want to miss,
Chief Executive, International Bunker Industry Association
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