Nick Vukelja

Nick (Nico, Nicolas, Vukelja) got his start in maritime business in the early 2000’s. He graduated as an Industrial Engineer, with an MBA in Maritime Business and PD in Bunkering.  Nick also has degrees in Superior Education, and in Culinary Arts.

Nick is the CEO of Terramar Oil & Service, a family-owned barge service company with 15 years of experience in the Panama market.  Terramar is a barge owner-operator company, and serves as a physical Bunker supplier by trading, Ship to Ship (lightering), Agency, Launch Services, Marpol II, IV, V and other services.

Since 2013 has served on The Board of Directors of the Panama Maritime Chamber and as Vice President in 3 terms, and President of the Bunker Committee, initiating the Panama Bunkering Procedure and President of The Panama Bunkering Conference for 3 years, with more than 300 delegates in attendance.

Nick joined the IBIA (International Bunker Industry Association) in 2011, and he participated in his first event at the Annual Conference of IBIA at Barcelona, Spain.  In 2015 he starts an International Bunker and Shipping Speaker for IBIA and several venues:  Index (Dubai), Vostok (Russia), Maritime Weeks America, Argus Media (New York), Wisdom Events (Los Angeles), Petrospot (London), Platts (Houston), Mare Forum (Greece) and other local and international conferences.

In 2017 Nick ran as a candidate for the Board of Directors of IBIA and was elected as a Director of the Board in 2018.

Nick began a second project as Director of Universal Xpress Financial Services, a company within the financial sector, offering long and short terms loans, leasing, lines of credit and other financial services.

Active in various associations including the Panama Maritime Chamber, Chamber of Commerce, Panama Financial Association, Panama Construction Chamber, Panama Association of Executives and others.

“Panama is the world’s leading flag registry with 8,000 ships, representing 18% the global fleet and is an important country on votes for IMO decisions and implementations. The Panama Canal Expansion made a game change in the Bunkering Business.”

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