The impact of IMO 2020 & COVID-19 on the world of bunker

2020 was set to be a challenging year for the world of shipping and bunkering following the introduction of the international sulphur cap. The COVID-19 outbreak has since transformed the global commodity landscape. The subsequent oil price collapse is set to weigh on the global marine fuel industry, which could contract by at least 10% year on year, according to industry experts.
 
In this new environment what are the key questions being asked about the future of shipping and bunkering? How can both sectors weather the storm?

Agenda

At a critical time, join us for the S&P Global Platts online bunker event. A part of the thought leadership series on Platts LIVE, this important discussion will address how bunker players and ship owners are adapting in this time of great uncertainty.

Tuesday, June 16, 2020
  • 11 amChair’s Welcoming RemarksJohn Morley, Managing Editor, EMEA Fuel Oil, S&P Global Platts
  • 11:10 amThe bunker fuel market – addressing the outlook for the next 6 monthsJoin Robin Meech as he delves deeper into just what has happened in the world of bunker, how have supply and demand evolved? What are suppliers doing in terms of credit, what has this meant for the 0.50% transition and what challenges are there for the bunker market ahead.
    Robin Meech, Managing Director, Marine & Energy Consulting
  • 11:55 amAn ever volatile oil market With headlines focussed on oil reaching new lows, Emily Ashford will assess the state of the crude oil market, what can we expect in the months to come, how can forecasts be made in this unprecedented time and what will it mean for the bunker industry?
    Emily Ashford, Executive Director of Energy Research, Standard Chartered
  • 12:25 pmA year of adaption – the ship owner’s panel Europe’s leading ship owners come together to share their perspectives and insight on the first 6 months of 2020, the 2020 transition was planned from months away, but no one could have anticipated the additional uncertainty a global pandemic could have brought to the global markets. Hear senior representatives from DFDS, Euronav & Hafnia as they share their experiences
    Poul Woodall, Director, Environment & Sustainability, DFDS
    Rustin Edwards, Head of Fuel Oil Procurement, Euronav
    Peter M. Grunwaldt, Vice President, Bunker Procurement, Hafnia
  • 1:10 pmQuality and compatibility issues in a low sulfur worldIn the run up to the transition, concerns over the quality of low sulphur fuel blends were high. Come February more and more reports of sediment-related bunker fuel quality issues were being reported. 6 months in, it’s time to assess the current low sulfur fuel blends out there are the same issues still arising? Steve Bee shares insight from the world of fuel testing.
    Steve Bee, Group Commercial & New Business Development Director, VPS
  • 1:40-2 pmQuestion and answer with our experts


Speakers

Rustin Edwards
Head of Fuel Oil Procurement, Euronav

Rustin has 20 plus years in the petroleum industry. Prior to joining Euronav as Head of Fuel Oil, he was working with Macquarie Commodities Trading in Business Development and leading the IMO 2020 strategy within the bank. Prior to that he was head of fuel oil and feedstock trading of Cargill SA in Geneva. He worked at Chevron for 7 years, leading a Bunker Trading book in the USGC and Latin America. Prior to that he worked at Hess Corporation managing supply logistics for the retail and terminal network, as well as Port Operations at HOVENSA Refinery in St. Croix. He sailed for 7 years on tankers, achieving the rank of Master Mariner Unlimited Tonnage. He graduated from the US Merchant Marine Academy in Kings Point, NY and has received and MBA from Duke University, Fuqua School of Business.

Peter M. Grunwaldt
Vice President, Bunker Procurement, Hafnia

Since 2017, Peter has been Vice President of Bunker Procurement in Hafnia, responsible for purchasing bunkers to own fleet as and 3rd party fleets – approx. 300 vessels. Hafnia is the result of a merger between Hafnia Tankers and BW Tankers. The new global leader within the product tanker industry.

Before hafnia, Peter began his career in bunkers in 1997 and has held a number of positions related to bunkers in companies such as Glencore, Chemoil and AP. Moller.

Poul Woodall
Director, Environment & Sustainability, DFDS

Director, Environment & Sustainability, DFDS A/S has over 40 years of experience within the maritime and transport industry. The first 36 years were spent with A.P.Moller-Maersk in various positions, mainly within the container and Ro/Ro segments. His career includes 17 years overseas experience with postings in Asia, The Middle East and Europe.

Since 2010, Mr Woodall has been with DFDS A/S in Copenhagen and in June 2013 he was appointed Director for Environment and Sustainability for the DFDS Group. Poul Woodall has a degree from Copenhagen Business School supplemented with management education at Insead and Stanford University. Poul is in the steering committees of the Trident Alliance and Green Ship of the Future and on the advisory board of IMPA-act. Marine environment policy work is conducted through his affiliation with Interferry and various ESSF working groups in Brussels.

Robin Meech
Managing Director, Marine and Energy Consulting

Managing Director of Marine and Energy Consulting, an independent consultancy practice focusing on the transport of energy and with a particular interest in the bunker sector

His experience in environmental issues includes the preparation of a detailed impact statements on the changing sulphur legislation for private and government clients. He has assisted the Canadian Government in its consideration of introducing a Emission Control Area on the West Coast and was a member of the IMO correspondence group on air pollution, drafting MARPOL Annex VI. Prior to joining the board he was a member of the IBIA Council and has been associated with the organisation since its inception.

Much of his career, prior to establishing Marine and Energy Consulting in 2001 was spent with Arthur D Little, the international technical and management consultancy where he coordinated the energy logistics practice. He spent two years as director of a Norwegian tanker operator where his responsibilities included the purchase of bunkers as well as the commercial and technical operation of a pool of tankers.

Robin has a real ambition to increase the managerial skills in the bunker industry through the introduction of internationally recognised qualifications.

Emily Ashford
Executive Director of Energy Research, Standard Chartered

Emily is a London-based energy analyst with a focus on oil and natural gas. She covers the key trading markets as well as supply and demand fundamentals, geopolitics and industrial performance within the sector. Prior to joining Standard Chartered in 2017 she focused on small- and mid-cap oil and gas equities. She was named the ‘Extel Leading Research Individual UK Small and Mid Caps’ in 2013 and 2015, and the ‘Leading Sellside Investment Analyst UK Small and Mid Caps – Oil and Gas’ in 2013, 2014 and 2015. She holds a Master’s degree in Palaeobiology from University College London and studied Geology at the Royal School of Mines, Imperial College London.

Steve Bee
Group Commercial & New Business Development Director, VPS

Steve is the Group Commercial & Business Development Director for Veritas Petroleum Services, responsible for the development and implementation of VPS global commercial strategy, since joining the company in July 2016,

Graduating from Northumbria University with a BSc (Hons) in Applied Chemistry, Steve worked as an R&D Chemist for BNFL, ICI and Sanofi-Aventis, before joining Anachem Ltd, in a commercial role within laboratory instrumentation in 1997.

Progressing his international commercial career, Steve moved from technical sales to Sales & Marketing Manager, before becoming the General Manager for a1-Envirotech, gaining formal business management qualifications and awards along the way.

Steve joined Lintec Testing Services Ltd, a subsidiary of Intertek, as Operations & Key Accounts Manager in 2007, before becoming General Manager of Lintec in 2011, then Director of Intertek ShipCare in June 2012, a role held until joining VPS.

John Morley
Associate Editorial Director, EMEA Oil, S&P Global Platts

John Morley is the Managing Editor of the EMEA Fuel Oil team. Prior to that he was an editor in the European and African crude oil team for over a year, with his primary focus on the North Sea crude market. John also spent three years covering the West of Suez dirty and clean freight markets at Platts. He previously worked as a bond analyst with Informa Global Markets. John holds a Bachelor of Commerce degree and an MSc in Financial Economics from University College Cork.

Sponsored by

VPS

Become a sponsor

Position your business in expert company, distinct from your competitors. At the Platts European Refining Summit each sponsor has the opportunity to show-case their product or service to industry-wide professionals. This an environment that encourages an honest and open dialogue among attendees. If you would like to lead the conversation as an event sponsor contact us for more details on packages available: Irina Bondareva on +44 (0) 7976 684 617 or [email protected].

Pricing

S&P Global Platts European Bunker Fuel Virtual Conference will be held on June 16, 2020.

Standard Rate
Register by June 12

European Bunker Fuel Virtual Conference

$199



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These terms and conditions of attendance (“Terms”) shall govern an attendee’s (“Attendee” or “you”)) registration to attend a conference or event (“Event”) hosted by Platts (U.K.) Limited (“Platts”), a company headquartered and incorporated in England and Wales with a registered office address at 20 Canada Square, London E14 5LH.

1. FEES — All fees for Event registration (“Fees”) are quoted and payable to Platts in United States Dollars by bank transfer or by credit card, in cleared funds, by the earlier of (i) within thirty (30) days following Platts’ date of invoice to Attendee; or (ii) prior to commencement of the Event. Fees may also be paid by cheque provided that the cheque has been received and cleared by Platts prior to commencement of the Event. The Attendee acknowledges and agrees that it will be responsible for the payment of any bank fees or other administrative charges which are levied in respect of the Fees and that any such charges will be in addition to the amount of Fees payable to Platts. In consideration of payment of the Fees, Attendee shall receive all documents, written materials, hospitality and refreshments made available to Attendees at the Event. For the avoidance of doubt, Fees do not include Attendee transportation to, or accommodation at, the Event. Failure to pay the Fees by the required date will result in the Attendee being deemed to have cancelled their registration.

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4. PLATTS DISCRETION AS TO ATTENDANCE — Platts reserves the right to refuse an Attendee’s admission to the Event, at its sole discretion. In the event that Platts refuses admission to an Attendee who has registered for an Event, Platts will refund the pro rata portion of any unearned Fees paid by that Attendee.

5. SUBSTITUTION — The Attendee is entitled to transfer their Event registration(s) between their organization’s employees provided that the Attendee notifies Platts by email to [email protected] at least five (5) Working Days (as defined in the ADDENDUM) before the first day of the Event.

6. ATTENDEE CANCELLATION — The Attendee is entitled to cancel any one or more of the Event registrations it has made by notifying Platts by email to [email protected] at least Thirty (30) calandar Days before the first day of the Event, in which case Platts shall refund the Fee for such registrations less an administration charge of one hundred and ninety five US Dollars (US$195). If cancellation notice is served by the Attendee less than Thirty (30) Calendar Days before the first day of the Event, the Attendee is not entitled to receive any refund of Fees already paid.

7. PLATTS CANCELLATION — Platts is entitled to cancel the Event by email notice to the Attendee (a) for any reason twenty one (21) calendar days before the first day of the Event or (b) for reasons of Force Majeure (as defined in the ADDENDUM) at any time. Platts’ liability for such cancellation is limited to a refund of the Fees already paid by Attendee at that time.

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10. NOTICES — All notices required hereunder shall be served by email to (i) Platts at [email protected] and (ii) the Attendee at the address provided by/on behalf of the Attendee when registering for the Event. Such notice shall be deemed served on the first Working Day after the day upon which it can be shown it was sent to the correct email address if no message failure notice has been received in such regard.

11. LIABILITY — Notwithstanding any losses which cannot be excluded or limited by applicable law, Platts excludes all warranties and conditions whether expressed or implied by statute, common law or otherwise to the extent permitted by law. The Attendee shall indemnify and hold harmless Platts, its affiliates and Platts’ employees, directors, officers, representatives and agents from any and all claims, damages, liabilities and expenses (including, without limitation, reasonable legal expenses and court costs) arising out of or in relation to (i) any bodily injuries or harm or property damage caused by Attendee or any of its personnel in connection with the Event, (ii) the breach of this agreement by the Attendee or (iii) the negligence or wilful misconduct of the Attendee.

12. INTELLECTUAL PROPERTY RIGHTS — The Attendee acknowledges and agrees that all Event materials, documents and any other literature provided prior to or during an Event (“Materials”) remain the sole exclusive property of Platts and/or its licensors. Each Attendee acknowledges and agrees that no copying, recording or re-distribution of the Materials, or any part thereof, is permitted unless otherwise authorized by Platts in writing.

13. RECORDING AND PHOTOGRAPHY PROHIBITED — The Attendee acknowledges and agrees that photography, filming and recording are prohibited during all Event sessions and throughout the Event, except with permission of Platts and the person(s) being recorded or filmed. If permitted, photographs, audio, or video taken during the conference may only be reprinted, copied, submitted, posted or uploaded to the internet in accordance with the requirements outlined in clause 14 of these Terms.

14. USER GENERATED CONTENT — The Attendee: a. warrants that any content that is submitted, reprinted, copied, submitted, posted or uploaded on social media will not infringe privacy rights, will not infringe copyright, trademarks or any other intellectual property rights or contain offensive, obscene, false or defamatory material; b. warrants that they have obtained the consent of any third party who appears, or is referred to, in any content that is submitted, reprinted, copied, submitted, posted or uploaded to the internet, including obtaining the written permission of the subject of a photograph or an audio or visual recording at the Event prior to uploading that picture or recording to the internet; c. agrees to indemnify Platts as set forth in Section 11 in respect of any loss or damage arising from claims brought by a third party alleging a breach of any of the warranties outlined in clause 14 of these Terms; and d. agrees to assign all intellectual property rights in any user generated content created by the Attendee at an Event to Platts and/or its licensors (as appropriate), including all permissions to enable Platts and/or its licensors to use such content as it sees fit, and to undertake all acts necessary in order to give effect to the assignment.

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16. LAW AND COURTS — This agreement and all matters arising out of or in connection with it in contract or tort are subject to the Laws of England and Wales and the parties hereby submit to the exclusive jurisdiction of the Courts of England and Wales.

17. ANTI-TRUST COMPLIANCE — Platts is committed to full compliance with all applicable antitrust laws. Platts expects Attendees at each Event to be aware of, understand, and comply with all anti-trust laws and not to use any Event to co-ordinate their commercial activities. Any activity that could create an appearance of a restriction upon or a distortion of competition must be avoided. Platts reserves the right to ask delegates, who it believes do not comply with anti-trust laws, to cease and desist and/or to leave any Event.

18. SEVERABILITY AND INCONSISTENCY — If any provision of this agreement is or becomes invalid, illegal or unenforceable, the remaining provisions of this agreement shall not be affected or impaired and the invalid, illegal or unenforceable provision shall be deemed to be modified to the minimum extent necessary to make it valid, legal and enforceable.

19. ENTIRE AGREEMENT — This agreement constitutes the entire understanding between the parties and supersedes all prior agreements, understandings and representations between the parties.

ADDENDUM Force Majeure means any circumstance not within Platts’ reasonable control including, without limitation, acts of God, flood, drought, earthquake, severe pr adverse weather conditions, or other natural disaster, epidemic or pandemic, terrorist attack, civil war, civil commotion or riots, war, threat or preparation of war, armed conflict, imposition of sanctions, embargo, breaking off of diplomatic relations, nuclear, chemical or biological contamination, any law or action taken by a government or public authority, fire, explosion, collapse of buildings or accident, labour or trade dispute, strikes, industrial action or lockouts and interruption or failure of utility services.

Working Days means working days observed by the United Kingdom. Contact EMEA customer service team by email at [email protected] for further information.

Effective as of May 2019

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FAQs

How do I register?

We offer three easy ways to register: online, by phone, and by email.

Online: To register online, click the red "Register" button

Phone: +44 (0) 20 7176 6111
Email: [email protected]

What forms of payment do you accept?

For this online event we only be accepting payment by credit card.

What if I need to cancel my registration?

Once payment has been made will not be able to offer refund, although you will be able to trasfer your registation to colleague. Please contact us to tranfer your registration to another person.

Email: [email protected]
Phone: +44 (0) 20 7176 6111

I can no longer attend the conference. Can I send someone else in my place?

Your registration may be transferred at no cost to a member of your organization up to four (4) working days in advance of the virtual conference. Please contact us by phone or email to make arrangements.

Email: [email protected]
Phone: +44 (0) 20 7176 6111

Are there sponsorship opportunities?

Yes, we offer a variety of standard and tailor-made sponsorship opportunities to fit your marketing and business-to-business needs—and your budget. Please reach out directly to the Business Development Manager for this conference:

Irina Bondareva
Phone: +44 (0) 7976 684 617
Email: [email protected]

Are press passes available?

Yes, we allow accredited media writing on behalf of major industry publications to cover the event at no charge. Please reach out to the contact below for press pass approval.

Baron Kootstra
Phone: +44 (0) 7975 236 439
Email: [email protected]

Where can I view full event terms and conditions?

These terms and conditions of attendance (“Terms”) shall govern an attendee’s (“Attendee” or “you”)) registration to attend a conference or event (“Event”) hosted by Platts (U.K.) Limited (“Platts”), a company headquartered and incorporated in England and Wales with a registered office address at 20 Canada Square, London E14 5LH.

1. FEES — All fees for Event registration (“Fees”) are quoted and payable to Platts in United States Dollars by bank transfer or by credit card, in cleared funds, by the earlier of (i) within thirty (30) days following Platts’ date of invoice to Attendee; or (ii) prior to commencement of the Event. Fees may also be paid by cheque provided that the cheque has been received and cleared by Platts prior to commencement of the Event. The Attendee acknowledges and agrees that it will be responsible for the payment of any bank fees or other administrative charges which are levied in respect of the Fees and that any such charges will be in addition to the amount of Fees payable to Platts. In consideration of payment of the Fees, Attendee shall receive all documents, written materials, hospitality and refreshments made available to Attendees at the Event. For the avoidance of doubt, Fees do not include Attendee transportation to, or accommodation at, the Event. Failure to pay the Fees by the required date will result in the Attendee being deemed to have cancelled their registration.

2. TAX — The Fees and charges quoted are exclusive of all applicable value-added, sales, use and similar taxes. All payments made by the Attendee shall be made free and clear of, and without deduction or withholding for taxes imposed by any governmental authority.

3. DISCOUNTS — Discounts or promotional offers cannot be combined, unless otherwise stated, and must be applied at the time of original registration (and cannot be applied retroactively). Verification of discount eligibility may be required.

4. PLATTS DISCRETION AS TO ATTENDANCE — Platts reserves the right to refuse an Attendee’s admission to the Event, at its sole discretion. In the event that Platts refuses admission to an Attendee who has registered for an Event, Platts will refund the pro rata portion of any unearned Fees paid by that Attendee.

5. SUBSTITUTION — The Attendee is entitled to transfer their Event registration(s) between their organization’s employees provided that the Attendee notifies Platts by email to [email protected] at least four (4) Working Day (as defined in the ADDENDUM) before the first day of the Event.

6. ATTENDEE CANCELLATION — The Attendee is entitled to cancel any one or more of the Event registrations it has made by notifying Platts by email to [email protected] at least thirty (30) Calendar Days before the first day of the Event, in which case Platts shall refund the Fee for such registrations less an administration charge of one hundred and ninety five US Dollars (US$195). If cancellation notice is served by the Attendee less than thirty (30) Calendar Days before the first day of the Event, the Attendee is not entitled to receive any refund of Fees already paid.

7. PLATTS CANCELLATION — Platts is entitled to cancel the Event by email notice to the Attendee (a) for any reason twenty one (21) calendar days before the first day of the Event or (b) for reasons of Force Majeure (as defined in the ADDENDUM) at any time. Platts’ liability for such cancellation is limited to a refund of the Fees already paid by Attendee at that time.

8. EVENT PROGRAM — Platts reserves the right to make reasonable alterations to the advertised Event program, agenda, and to the list of speakers and presenters at any time and without prior notice.

9. PRIVACY — S&P Global Platts values your privacy. By submitting your contact details and preferences you are agreeing to S& Global Inc. and its affiliates, including Platts (hereinafter “the Group”) sharing information provided by you with the Group and/or third parties whose products or services we believe may be of interest to you. Your information is stored in a secure database in the US and Canada and access is limited to authorized persons. In addition, the Group has contracted with selected companies in other countries to provide customer service assistance on its behalf. If you would like your name removed from these lists, have questions about our privacy practices or need to confirm the accuracy of your information, please contact S& Global Platts’ Privacy Official at +1-713-658- 3233 or e-mail [email protected] For more information about the Group’s Customer Privacy Policy or to adjust your privacy preferences accordingly, visit our website at http://marketing.platts.com/forms/privacy.

10. NOTICES — All notices required hereunder shall be served by email to (i) Platts at [email protected] and (ii) the Attendee at the address provided by/on behalf of the Attendee when registering for the Event. Such notice shall be deemed served on the first Working Day after the day upon which it can be shown it was sent to the correct email address if no message failure notice has been received in such regard.

11. LIABILITY — Notwithstanding any losses which cannot be excluded or limited by applicable law, Platts excludes all warranties and conditions whether expressed or implied by statute, common law or otherwise to the extent permitted by law. The Attendee shall indemnify and hold harmless Platts, its affiliates and Platts’ employees, directors, officers, representatives and agents from any and all claims, damages, liabilities and expenses (including, without limitation, reasonable legal expenses and court costs) arising out of or in relation to (i) any bodily injuries or harm or property damage caused by Attendee or any of its personnel in connection with the Event, (ii) the breach of this agreement by the Attendee or (iii) the negligence or wilful misconduct of the Attendee.

12. INTELLECTUAL PROPERTY RIGHTS — The Attendee acknowledges and agrees that all Event materials, documents and any other literature provided prior to or during an Event (“Materials”) remain the sole exclusive property of Platts and/or its licensors. Each Attendee acknowledges and agrees that no copying, recording or re-distribution of the Materials, or any part thereof, is permitted unless otherwise authorized by Platts in writing.

13. RECORDING AND PHOTOGRAPHY PROHIBITED — The Attendee acknowledges and agrees that photography, filming and recording are prohibited during all Event sessions and throughout the Event, except with permission of Platts and the person(s) being recorded or filmed. If permitted, photographs, audio, or video taken during the conference may only be reprinted, copied, submitted, posted or uploaded to the internet in accordance with the requirements outlined in clause 14 of these Terms.

14. USER GENERATED CONTENT — The Attendee: a. warrants that any content that is submitted, reprinted, copied, submitted, posted or uploaded on social media will not infringe privacy rights, will not infringe copyright, trademarks or any other intellectual property rights or contain offensive, obscene, false or defamatory material; b. warrants that they have obtained the consent of any third party who appears, or is referred to, in any content that is submitted, reprinted, copied, submitted, posted or uploaded to the internet, including obtaining the written permission of the subject of a photograph or an audio or visual recording at the Event prior to uploading that picture or recording to the internet; c. agrees to indemnify Platts as set forth in Section 11 in respect of any loss or damage arising from claims brought by a third party alleging a breach of any of the warranties outlined in clause 14 of these Terms; and d. agrees to assign all intellectual property rights in any user generated content created by the Attendee at an Event to Platts and/or its licensors (as appropriate), including all permissions to enable Platts and/or its licensors to use such content as it sees fit, and to undertake all acts necessary in order to give effect to the assignment.

15. NO PUBLICITY — The Attendee acknowledges and agrees that it must not use Platts’ names or marks in any publicity, advertising, public announcements, marketing materials, web sites or other materials without Platts’ prior written approval.

16. LAW AND COURTS — This agreement and all matters arising out of or in connection with it in contract or tort are subject to the Laws of England and Wales and the parties hereby submit to the exclusive jurisdiction of the Courts of England and Wales.

17. ANTI-TRUST COMPLIANCE — Platts is committed to full compliance with all applicable antitrust laws. Platts expects Attendees at each Event to be aware of, understand, and comply with all anti-trust laws and not to use any Event to co-ordinate their commercial activities. Any activity that could create an appearance of a restriction upon or a distortion of competition must be avoided. Platts reserves the right to ask delegates, who it believes do not comply with anti-trust laws, to cease and desist and/or to leave any Event.

18. SEVERABILITY AND INCONSISTENCY — If any provision of this agreement is or becomes invalid, illegal or unenforceable, the remaining provisions of this agreement shall not be affected or impaired and the invalid, illegal or unenforceable provision shall be deemed to be modified to the minimum extent necessary to make it valid, legal and enforceable.

19. ENTIRE AGREEMENT — This agreement constitutes the entire understanding between the parties and supersedes all prior agreements, understandings and representations between the parties.

ADDENDUM Force Majeure means any circumstance not within Platts’ reasonable control including, without limitation, acts of God, flood, drought, earthquake, severe pr adverse weather conditions, or other natural disaster, epidemic or pandemic, terrorist attack, civil war, civil commotion or riots, war, threat or preparation of war, armed conflict, imposition of sanctions, embargo, breaking off of diplomatic relations, nuclear, chemical or biological contamination, any law or action taken by a government or public authority, fire, explosion, collapse of buildings or accident, labour or trade dispute, strikes, industrial action or lockouts and interruption or failure of utility services.

Working Days means working days observed by the United Kingdom. Contact EMEA customer service team by email at [email protected] for further information.

Effective as of May 2019