The 11th INTERNATIONAL

FUJAIRAH BUNKERING &

FUEL OIL FORUM 25 – 27 MARCH 2019, AL DIAR SIJI HOTEL

FUJAIRAH, UAE

In Conjunction with the Fujairah Bunkering Week

23-27 March 2019

Organised by Hosted by

Supported by

Held Under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al Sharqi,

Member of the UAE Supreme Council & Ruler of Fujairah

EVENT SUMMARY

FUJCON 2019 and the Fujairah Bunkering Week Events, held from 23-27 March 2019, were a resounding success and continued to exceed expectations attracting more than 500 attendees from nearly 36 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, with 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 26 March

Dr Fereidun Fesharaki, FGE

Dr Edmund Hughes, International

Maritime Organization

Mr Mike Muller, Vitol Group

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 Outlook by Dr Fereidun Fesharaki, Chairman, FGE

• IMO Keynote: Overview of IMO’s Drive Towards 2020 Sulphur Limits & Consistent Implementation by Dr Edmund Hughes, Head, Air Pollution & Energy Efficiency, Marine Environment Division, International Maritime Organization, UK

• Keynote Address 3: State-of-the-Global Fuel Oil/Bunkering Outlook by Mr Mike Muller, Director, Vitol Group, UK

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

-2- HE Hessa Bint Ahmed Al Malek

Welcome Address by Dr Mohammed S Al Kindi Marine Transport Executive Director, FTA

FUJCON 2019 was honoured to welcome HE Hessa Bint Ahmed Al Malek, Marine Transport Executive Director, Federal Transport Authority at the Official Opening of the conference. Dr Mohammed S Al Kindi, in his welcome speech, highlighted Fujairah’s developments, including its plans to build the world’s largest crude oil underground storage facility by 2022, as well as the role of FOIZ in attracting investments in strategic projects and focusing on new activities to strengthen the UAE’s position, creating synergies with assets and existing projects in Fujairah.

The conference’s opening session was 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 New Horizons: The Future Fuel Landscape & IMO 2020 Solutions & Alternatives, FUJCON had on board 47 experts from Australia, Denmark, France, Kuwait, Netherlands, Norway, Singapore, Sri Lanka, UAE, UK and USA who provided in-depth analysis and leading-edge discussions on the most pressing issues facing the fuel oil and bunker markets today.

FUJCON 2019 Highlights:

Roundtable Sessions Continuing the tradition of past FUJCON’s, the roundtable discussions at FUJCON 2019 witnessed cutting-edge debate among experts and discussions on the opportunities & challenges of the bunker industry especially the impact of new sulphur regulations, Fujairah’s industry developments, the possibility of a Fujairah pricing benchmark, the progress of LNG as a bunker fuel, marine fuel quality challenges & legal challenges for the bunkering industry.

Session on IMO 2020 Mandate & Implementation was led by Ms Unni Einemo (Director & IMO Representative, IBIA) and Mr William Tan (VP, Miyabi Industries Pte Ltd) as co-moderators and looked at when shippers will require suppliers to start providing compliant fuel oil; whether the carriage ban to be in effect from March 2020 will make a difference to compliant levels; the possibility of effective enforcement of 0.5% oil globally; quality vs price issues of 0.5%S fuel oils; and practicalities of sulphur verification guidelines as well as impact on pricing. Many questions were posed to the Panelists as industry players considered ways in which they should best manage their responsibilities under this important environmental regulation coming in force by 1st January 2020.

The Session on Marine Fuel Quality, Specifications, Logistics & Handling generated intense discussion amongst delegates. The session led by Mr Timothy Cosulich, of Fratelli Cosulich, examined key quality and logisitical issues related to 2020 sulphur fuels especially the importance of line and tank segregation, fuel stability issues, ISO 8217 standards, testing protocols for compliant fuels, 0.5%S & fuel blending techniques, ship implementation planning and fuel change management plans.

Attendance Profile The attendance profile reflects a diverse cross-section of delegates participation from Gulf Cooperation Council countries (GCC) including Abu Dhabi, Dubai, Fujairah, Sharjah, Bahrain, Iran, Kuwait, Oman, Saudi Arabia, the Eastern Mediterranean in addition to Europe, North and Latin Americas and the Asia-Pacific. The largest delegations came from Singapore, UK, Sri Lanka, Japan & USA. Click here to view the pie charts of FUJCON attendance by region, industry & job profile.

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FUJCON Mobile App • The FUJCON 2019 Mobile App greatly enhanced communication among and

was extremely well-received by delegates, speakers, sponsors and exhibitors. Participants were able to post photos, conversations and drive engagement levels during the conference.

• The app also facilitated voting for online polling questions for all sessions, with 560 votes over 16 polls. Results of the online polling are showcased below and can be accessed here. Our congratulations go to Mr Amit Sopan Kute, Hindustan Petroleum Corporation Ltd, Mr Manish Kumar, Indian Oil Corporation Ltd, & Mr Alexander Prokopakis, LNG Pro Bunkers Ltd who received prizes for their engagement on the mobile app. Highlights of Polling Results

Conference Gala Dinner hosted by Akron Trade and Transport, the Official Gala Dinner on March 26 at the Novotel Hotel Fujairah enjoyed full attendance of delegates & VIPs, with sumptuous food and entertainment that provided delegates with a fitting end to the day, as well as the perfect platform for networking and business development potential in a relaxed environment

Delegates & VIPs at the Gala Dinner

hosted by Akron Trade & Transport

Participants networked and dined while enjoying performances by a

band and belly dancer

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FUJCON Sponsors & Endorsers

• The success of FUJCON 2019 was made possible with the support and partnership from leading industry sponsors. Function sponsors included S&P Global Platts for the Opening Reception on 25 March, Port of Fujairah for coffee break on 26 March, National Bank of Fujairah for lunch on 26 March, Akron Trade & Transport for dinner on 26 March, with Bakri International Energy Co Ltd hosting lunch on 27 March.

• Other sponsors included ADNOC Logistics & Services, Emirates Maritime Arbitration Centre, Fujairah Oil Terminal, GPS Chemoil, GTI Fujairah FZC, Vopak Horizon Fujairah Ltd & VTTI Fujairah.

• FUJCON 2019 was also supported by Fujairah Oil Industry Zone, BIMCO, WISTA UAE, IBIA, Institute of Chartered Shipbrokers, Intertanko, The Fujairah Media Office, The Nautical Institute, UAE Branch and the Society for Gas as a Marine Fuel, as well as 12 Media Sponsors from the maritime and oil industries.

EMAC breakfast on 25 March Opening Reception hosted by

S&P Platts Global Gala Dinner hosted by AKRON

Trade & Transport Conference Luncheon hosted by

Bakri International Energy Ltd

Fujairah Bunkering Week Events • Four courses were held alongside FUJCON from 23-25 March, and were well attended by representatives

from around the globe:-

23-24 March 24-25 March 24-25 March 24-25 March

International Oil Trading

covered understanding trading practices & risks, and managing price risks using future & swaps

Managing 2020 Bunker Fuels examined the processes and complexities of managing IMO’s global 0.5% Sulphur Cap for 2020

Refining Economics taught fundamentals of Refining Economics to non-Refiners or those newly introduced to refining

Bunker Fuel Blending provided delegates with practical knowledge & hands-on solutions for Marine Bunker Fuel Blending

Special Laboratory Visit During Fujairah Bunkering Week Events was organised for delegates of Bunker Fuel Blending and Managing 2020 Bunker Fuels. Hosted by Intertek, the lab

visit provided delegates with useful insights into critical compatibility and viscosity tests.

Course Delegates for the laboratory visit. Pictured here with Dr Mohammed Al Kindi, FUJCON Committee Chairman and Course Directors, Mr William Tan & Mr Ara Barsamian

Group Photo at the Intertek Laboratory

FUJCON Offshore Site Visit to the Port of Fujairah on 27 March 2019

The conference ended with an Offshore Site Visit to the Port of Fujairah and its offshore installations, including the Fujairah Oil Tank Terminal and the VLCC Berth on 27 March, hosted by the Port of Fujairah.

Click here for more photographs at FUJCON 2019

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Networking @ FUJCON 2019

• Once again, networking at FUJCON 2019 was at an all-time high for C-level executives, senior decision makers and global market representatives from the relevant bunkering and oil storage communities.

Media Coverage The Press Conference held on 25 March 2019 and media coverage during the main conference, caught the attention and brought together wide attendance of local and regional media from industry publications, price information services, news dailies and the broadcast media at the conference. Click on the link below for bilingual press clippings on the conference.

Highlights of the FUJCON 2019 Press Conference

FUJCON 2019 Steering Committee Members addressing the local press at the FUJCON Press Conference

The Media

FUJCON 2019 in the News

Ruler’s Audience by The Media Office FUJCON 2019 Curtain Raiser Video Marasi News FUJCON 2019 Video

Emirates News Agency on FUJCON 2019 Breakfast with EMAC by Maritime Sky Marasi News Exclusive Interviews

Click here for FUJCON 2019 Press Clippings