The 10th International

FUJAIRAH BUNKERING & FUEL OIL FORUM

27 – 29 March 2017, Al Diar Siji Hotel Fujairah, UAE

Organised by

Hosted by

EVENT SUMMARY

FUJCON 2017 and the Fujairah Bunkering Week Events, held from 25-29 March 2017, were a resounding success and continued to exceed expectations attracting more than 400 attendees from nearly 40 countries. Held biennially and hosted by the Government of Fujairah & Port of Fujairah, the Forum is an iconic feature in the international bunkering community’s calendar of events, given its diverse geographic attendance and wide cross-section of industries represented, including leading oil and bunker producers/traders, oil majors, national oil companies, shipowners and operators, ship managers, ship brokers, refiners, classification societies, maritime lawyers, bankers, consultants, supply and service companies.

Keynote Addresses on 28 March

Dr Fereidun Fesharaki, FGE

Mr Christopher Bake, Vitol Group

Mr Michael Cleveland, UOP LLC

The Official Opening featured Welcome & Keynote Addresses:-

Welcome Address: Dr Mohammed Saeed Al Kindi, Chairman of the FUJCON Steering Committee

Keynote Address 1: State-of-the-Global Oil Market Address by Dr Fereidun Fesharaki, Chairman, FGE

Keynote Address 2: State-of-the-Fuel-Oil Industry Address by Mr Christopher Bake, Executive Committee & Head of Origination, Vitol Group, UK

Keynote Address 3: State-of-the-Technology Address by Mr Michael Cleveland, Global Business Director-Refining, UOP LLC, a Honeywell Company, USA

HE Dr Matar Hamed Al Neyadi Welcome Address by Dr MS Al Kindi Undersecretary of the Ministry of Energy, UAE

We were also delighted to have the attendance of HE Dr Matar Hamed Al Neyadi, Undersecretary of the Ministry of Energy, UAE at the Official Opening of the conference. Dr Mohammed S Al Kindi, in his welcome speech, spoke about the establishment of FOIZ and its objective of strengthening UAE’s position as an energy player. Oil prices, demand for oil, and fostering LNG as a

Held Under the Patronage of:

Official Opening with the Presence of:

His Highness Sheikh Hamad Bin Mohammed Al Sharqi, Member of the UAE Supreme Council & Ruler of Fujairah

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His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, the Crown Prince of Fujairah

His Highness Sheikh Saleh Bin Mohammed Al Sharqi, , Chairman of the Department of Industry and Economy and Port of Fujairah

-2- marine fuel were high points of all three Keynote Addresses, as were the implications of new sulphur emission regulations on the shipping industry.

The conference’s opening & closing sessions were chaired by Mr. Mohammed Obaid Majid Al Al-Aleeli, Director General, Fujairah Department of Industry & Economy & Board Member, National Bank of Fujairah, UAE. Under the theme Driving Transformation Across the Bunkering Supply Chain, a select group of 44 experts from Denmark, France, Hong Kong, Netherlands, Singapore, Thailand, UAE, UK & USA provided in-depth analysis and leading edge discussions on industry issues.

FUJCON 2015 Highlights:

Roundtable Sessions The roundtable agenda format once again saw lively debate and discussions on the opportunities & challenges of the bunker industry especially the impact of new sulphur regulations, Fujairah as a trading hub, LNG as a bunker fuel, marine fuel quality challenges & environmental regulations.

Session on Legal Challenges A new panel on Legal Challenges of the Bunker Industry led by Ms Jasamin Fichte, Managing Partner of Fichte & Co, looked at the impact of the OW Bunker collapse, revised bunker contract terms to alleviate risks on paying for the same fuel twice and options for suppliers’ rights to arrest ships in various jurisdictions.

Session on LNG Bunkering Keeping the best for the last, FUJCON closed with a panel on LNG Bunkering on 29 March. This panel saw the discussion of the global prospects of LNG as a bunker fuel and the challenges likely to be faced in terms infrastructure requirements. Discussions indicated Fujairah is considering construction of LNG bunkering facilities at the Port of Fujairah, but will start offering LNG ship-to-ship (STS) transfers by the end of April 2017.

Attendance Profile The changing business landscape in Fujairah was reflected in the composition of delegates with strong participation from Gulf Cooperation Council countries (GCC) including Abu Dhabi, Dubai, Fujairah, Sharjah, Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia& Egypt in addition to Europe, North and Latin Americas and the Asia-Pacific, with largest delegations from the Singapore, UK, Sri Lanka, Japan & USA. Click here to view a pie chart of the FUJCON attendance by region, industry & title

FUJCON Mobile App The newly launched Mobile App for FUJCON was extremely well received by delegates, encouraged by the

photographs and conversations posted on the app, to drive engagement levels during the conference

The app facilitated voting for online polling questions for all sessions, with 883 votes over 16 polls. Results of the online polling can be accessed here. Read a commentary on polling results by S&P Global Platts here.

Our heartiest congratulations go to Mr Jason Silber, S&P Global Platts, Ms Maali Khader, Emirates Maritime Arbitration Centre, & Mr Krishnan Subramaniam, Institute of Chartered Shipbrokers who won tablets for the highest engagement on the mobile app.

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FUJCON: Sponsors, Functions & Technical Courses

First time sponsors & function hosts at this year’s conference included S&P Global Platts, EMAC, Starfuels & GTT France:-

S&P Global Platts’ Dave

Ernsberger’s Welcome Speech at FUJCON Opening Reception

EMAC’s coffee break on 29 March at FUJCON 2017

StarFuels –FUJCON’s Event Guide Sponsor

GTT France-Silver Sponsors

Fujairah-based Akron Trade and Transport hosted the Official Gala Dinner on March 28 at the Hilton Hotel Fujairah with full attendance from participants & VIPs. Delegates enjoyed lively entertainment and the sounds of a Latin American band, networked in a relaxed environment while enjoying the cool breezes from the nearby Indian Ocean

Delegates wining & dining under the stars at the Gala Dinner hosted by

Akron

Chefs at work at BBQ pits at Hilton Fujairah during the FUJCON dinner

Prominent industry players hosted important functions at FUJCON. The Port of Fujairah, the National Bank of Fujairah, Bakri International Energy Co Ltd & GPS Chemoil hosted coffee breaks and lunches on 28 & 29 March.

Corporate sponsors included Aegean Marine Petroleum, Endress & Hauser, Fujairah Oil Terminals, IL&FS Prime Terminals Fujairah, Socar Aurora Fujairah Terminals, VTTI Fujairah, Veritas Petroleum Services & Vopak Horizon Fujairah Ltd, all strong supporters of FUJCON several times over, since the year 2000.

FUJCON 2017 was also supported by Fujairah Oil Industry Zone, BIMCO, WISTA, International Bunker Industry Association, UAE Shipping Association, Institute of Chartered Shipbrokers, The Nautical Institute, UAE Banch, Society for Gas as a Marine Fuel and The Mission to Seafarers.

Fujairah Bunkering Week Events 4 courses were held alongside FUJCON from 25-27 March, with 10 countries represented:-

25 March 26 March 25-26 March 26-27 March

Ship Safety, Pollution & Low

Sulphur Usage covered challenges for the switchover between high & low sulphur bunker fuels

Bunker Operations provided fundamentals of bunkering & a full spectrum of bunkering operations

Bunker Fuel Supply & Economics examined bunker fuel economics from a blendstock manufacturing standpoint & likely price impacts of IMO low sulphur regulations

Bunker Fuel Blending

provided practical knowledge and hands on solutions for marine fuel bunker blending

Around Fujairah for FUJCON

A Special Laboratory Visit, was also organised for delegates of Ship Safety, Bunker Operations & Bunker Fuel Blending, hosted by VPS, which provided the delegates with an insight into testing methodologies for bunker fuels and bunker quality surveys

Group Photo at the VPS Laboratories Group Photo of Course Delegates

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The Offshore Site Visit to the Port of Fujairah and its offshore installations, including the Fujairah Oil Tank Terminal and the newly launched VLCC Berth on 29 March, hosted by the Port of Fujairah and The launch of the Fujairah Port Medical Centre, which provides primary healthcare services to seafarers and residents inside the port.

Fujairah Port Medical Centre Launch

Click here for more photographs at FUJCON 2017

Networking @ FUJCON 2017

Networking at FUJCON 2017 was at an all-time high with senior decision makers, new and old friends as well as allied industries supporting the bunkering and oil storage communities

Media Coverage FUJCON enjoyed wide media coverage from news dailies, industry publications & broadcast media, starting with a Press Conference for local media on 25 March 2017. Members of the FUJCON Steering Committee addressed the local press and provided an update on the activities for FUJCON, developments at the Port of Fujairah and Fujairah’s advancement as a major bunkering centre and crude & oil products storage hub, on both print & broadcast media during the week.

Interview conducted by Fujairah Media Office

FUJCON Steering Committee Members addressing the local press Media Interviews

Videos Watch the following videos on FUJCON 2017 and videos featured during FUJCON sessions:-

Welcome Speech from the Ruler of Fujairah

at the Official Opening FUJCON 2017 Curtain Raiser Video Marasi News FUJCON 2017 Video

Click here for FUJCON 2017 Press Clippings

Shell Video on its LNG Bunkering Vessel EMAC’s Intro Video