What is the new normal for shipping and the bunker sector?
Now in its seventh year, the Middle East Bunkering Convention returns to Dubai in March 2022, providing a key forum for lively and informed discussion about the state of play for the bunker industry and wider shipping markets as global trade adjusts to the constraints and challenges caused by the COVID-19 pandemic.
As always, MEBC will look at the issues that have an impact on bunkering in the Middle East, whilst providing a useful and comprehensive overview of the global marine fuel supply and demand picture.
The pandemic continues to disrupt commerce and trade flows and the shipping market is in a state of flux as it tries to recalibrate and adjust to the ‘new normal’. The container and bulk segments are booming but other sectors are still hoping for a bounce back. The bunker business has coped well with the recent volatility in the shipping market but bunker demand has not yet returned to 2019 levels and the spectre of a credit squeeze, although deflected after the introduction of the 0.50% global bunker cap in 2020, still remains.
The way the bunker sector goes about its business is also changing, with digitalisation playing a larger role in commercial transactions and areas such as fuel consumption optimisation and the requirements for compliance becoming ever more stringent. The marine fuels sector is experiencing unremitting pressure to be more transparent in its commercial and operational practices.
The Middle East market is also experiencing change and growth in the refining and port sectors, and new alternative bunker fuels are emerging on the horizon to enable compliance with IMO greenhouse gas reduction targets.
MEBC 2022 will bring together industry experts to explain what the ‘new normal’ may be for the bunker business and to share their insights on fuel quality, legal issues, commercial and technology developments, and the future supply and demand landscape.
If you are interested in speaking or joining a panel discussion, please email LBH@petrospot.com
The week will include:
1. MEBC CONFERENCE
Middle East Bunkering Convention 2022 • Wednesday 9 - Thursday 10 March
The one and a half-day conference will combine hard-hitting and absorbing intellectual content. It is aimed at shipowners and operators, bunker supplies and traders, surveyors, agents, maritime lawyers and related service industries.
2. TRAINING COURSES
Monday 7 March 2022 - An Introduction to Shipping and Bunkering
Internationally renowned shipping and bunkering expert Nigel Draffin covers the essentials of shipping and bunkering in a comprehensive overview of these sectors, with particular emphasis on how they are mutually dependent.
Tuesday 8 March 2022 - An Introduction to Shipping Market Fundamentals
This one-day course introduces the main concepts in modelling physical shipping markets, including how to measure and report supply and demand; how to model freight rates using supply and demand; and how to model freight rates using econometrics.
3. ship.energy roundtable
Shipping's Energy Transition - Industry drivers and challenges (Tuesday 8 March)
This roundtable will bring together industry experts to discuss shipping’s decarbonisation and how the bunker industry should prepare for it. It will look at the challenges of scaling up the supply and global availability of alternative fuels, such as biofuels, LNG, methanol, ammonia and hydrogen, as well as the development of battery and fuel cell technology.
The discussion will also look at how this energy transition will be financed, who should share the cost burden and if – and when – market-based measures should be introduced to accelerate and support shipping’s energy revolution.
4. JEBEL ALI PORT TOUR
Thursday 10 March
All registered training course and MEBC Conference delegates are invited to join an exclusive tour of Jebel Ali, DP World’s flagship port, which is not only one of the world's top ten but also the biggest and by far the busiest port in the Middle East.
More details of the tour will be made available closer to the event.
Delegates are invited to register their interest in joining the tour but should be aware that the itinerary could be subject to change, or the tour could be cancelled at short notice depending on COVID-19 restrictions that are in force within the port area at the time.
Table Top Exhibit • Wednesday 9 - Thursday 10 March
The Middle East Bunkering Convention exhibition offers you all the benefits of a networking environment in which you can consolidate existing, and develop new, business relationships. Use this opportunity to acquire new leads and build your brand by booking a table top exhibition space.
Programme details are subject to change as new speakers are confirmed. If you feel you could make a significant contribution to the programme and wish to present on any of the subjects listed, please email Llewellyn Bankes-Hughes at firstname.lastname@example.org in order to be considered.
'Great to see old and new friends and to witness how the industry is trying to come closer to each other ahead of a challenging time for the shipping industry.'
Glander Int. Bunkering DMCC
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Covid-19 – Cancellation Policy 2022
We are continuously monitoring the Covid-19 situation in Dubai and across the world.
If you have already registered and paid to attend the Middle East Bunkering Convention but are subsequently informed by the authorities in your country of residence that you are not permitted to travel to the UAE at the time of the event, you will be given the opportunity to transfer your registration to the next Middle East Bunkering Convention in 2023. Should you find that you are unable to attend on the new dates for any reason – and are unable to transfer the registration to a colleague – Petrospot will refund your registration fees in full.
We are working closely with our hotel and venue partners to ensure that our clients are not exposed to any financial risk should they be obliged to cancel. However, any hotel cancelations will be at the discretion of the hotel, rather than Petrospot.
Petrospot reserves the right to require proof of vaccination status and/or a recent negative Covid-19 test and to request a temperature test on arrival at the event, in line with any local official guidelines. We will also follow all local Government guidelines with regards to social distancing, participant numbers and sanitisation standards.
Please note these guidelines are subject to change but you will be made aware of any implications ahead of time.