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Mr. Kitack Lim

Secretary-General - International Maritime Organization (IMO). 

Keynote Speaker

Mr. Lim (Republic of Korea) is the Secretary-General of the International Maritime Organization (IMO). 

Born in Masan, Mr Lim graduated from the Korea Maritime and Ocean University (KMOU), Busan, and worked on ships before joining the Korea Maritime and Port Administration in 1985. From 1986, Mr. Lim participated in the Republic of Korea delegation to IMO meetings. In 2006, he was appointed as Maritime Attaché, minister-counsellor at the Embassy of the Republic of Korea in London and served as Alternate Permanent Representative to IMO until August 2009. Mr Lim was then appointed Director General for Maritime Safety Bureau at the Ministry of Land, Transport and Maritime Affairs (MLTM).  In 2011, Mr. Lim was appointed Commissioner of the Korean Maritime Safety Tribunal (KMST).  In 2012, he became President of Busan Port Authority, until January 2016 when he took up his appointment as Secretary-General of IMO. Mr Lim holds master’s degrees from Yonsei University, and the World Maritime University (WMU). 

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Unni Einemo

IBIA Director, IMO Representative

Welcome Address

Unni Einemo joined the IBIA secretariat in April 2016 as its IMO Representative, Media and Communications Manager after two years as a non-Executive board director. She was promoted to Director in order to serve as the global head of the Association in September 2018 following a unanimous decision by the board of IBIA.

Prior to joining IBIA, she worked for two decades as a journalist and analyst in the marine fuel and shipping industries in her capacity as Managing Editor for the highly regarded Bunkerworld and Sustainable Shipping specialist news services at Petromedia, and later Platts, which acquired Petromedia in July 2015. She has gained expert knowledge through engaging with industry, attending numerous maritime and energy conferences, and regularly attending IMO meetings, and has herself become a sought-after speaker at industry events. In 2018, she was named among the “Top 10 in regulation” in the Lloyd’s List annual most influential people in shipping series.


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Wajdi Abdmessih 

Founder and President, Seahawk Services

Panellist: SESSION SEVEN: Bunker Quality - How VLSFO quality is changing

Wajdi Abdmessih, the founder and the President of Seahawk Services, has over 25 years’ experience in fuel oil testing and inspection.  Wajdi has held various positions in a Marine fuel inspection and testing company as a laboratory manager, branch manager, technical director,  vice president and president. He has personally analyzed hundreds of thousands of Marine fuel oil samples from across the world, work with fuel oil refinery’s as well as fuel suppliers on fuel blending and troubleshooting hundreds of fuel problems and effectively help fuel oil management/operator on navigation problematic fuels. 

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Russell Amacher

Environmental Compliance Coordinator, U.S. Coast Guard Headquarters, Office of Commercial Vessel Compliance

Panellist: SESSION NINE: Enforcement: What to expect?

Russell Amacher is the Environmental Compliance Coordinator for the Office of Commercial Vessel Compliance in the Inspection and Compliance Directorate, U.S. Coast Guard Headquarters, Washington D.C. His responsibilities include the development, interpretation, and implementation of International and United States rules and regulations pertaining to maritime safety, port safety, personnel safety, pollution prevention, and marine environmental protection standards. In this position, he develops, interprets, and implements rules and regulations specifically concerning marine safety and environmental protection as they relate to environmental compliance initiatives such as the Vessel General Permit, Environmental Compliance Areas, Vessel Incident Discharge Act, and Ballast Water. 


Mr. Amacher retired from Coast Guard active duty in 2015 after 24 years of service and numerous Marine Safety assignments across the United States. He is a graduate of the University of Maryland and earned dual Masters Degrees in Business Administration and Homeland Security. 

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Princent Ang

Assistant Director for MPA’s Flag State Control Department

Panellist: SESSION NINE: Enforcement: What to expect?

Princet is currently heading the Flag State Control Department at the Maritime and Port Authority of Singapore (MPA), overseeing the performance of Singapore registered ships to ensure that they comply with international requirements and to entrench Singapore’s quality Flag status through vigorous Flag State Control measures. Prior to this, he was the head of the Port State Control Department, responsible for enforcing Port State Control inspections on foreign flagged ships calling Singapore. Princet also represents Singapore at IMO meetings and Tokyo MOU Committee meetings and was involved in developing guidelines for the consistent implementation of IMO instruments. Before joining MPA, he was a seafaring marine engineer holding Class 1 COC (Engine). Princet also holds a Master of Science in Maritime Studies from the Nanyang Technological University. 

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Davide Anghinoni

Bunker Desk, Saras Trading SA

Panellist: SESSION FIVE: Regional focus on prospects for bunker markets around the world

Having international background in bunker industry since 2008, Davide Anghinoni has vast knowledge of fuels, supplying methods, international bunkering rules and regulations as well as competency for forecasting and interpreting oil market covering various geographical regions with specialised in Mediterranean area.  


His profession as bunker trader started at Alpha Trading and later joined Toyota Tsusho Petroleum to establish Mediterranean business. Now he is at Saras Trading having set up bunkering business and as well as expanding business in Mediterranean market. 


He has shared his insights as a speaker a few times previously, such as at Platt’s conference in 2017. 

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Peter Ayllot

Director of Policy, UK Chamber of Shipping 

Panellist: SESSION THREE: Shipping’s Challenging Decade – dealing with the energy transition

Peter leads the policy team to provide a coordinated and focused service across this key part of the chamber's offering to its membership. 


Joining the Chamber in 2020, Peter served in the Royal Navy for 16 years before entering commercial shipping as Chief Operating Officer leading a global marine offshore services company specialising in bespoke vessel and crew management as well as Dynamic Positioning consultancy and training. 


Michael Banning

Associate, Thermal Sciences

Panellist: SESSION FOUR: What is the path for energy transition in the next 20 years
Decarbonisation/ how does it reflect on the bunker industry

Mr. Banning is a Chartered Marine Engineer with 17 years’ experience working within the marine industry. His sea-going career spanned both the Royal Navy and Merchant fleets, having sailed on a variety of vessels including Warships, Very Large Crude Carriers, Product Tankers, General Cargo vessels and Ro-Ro ferries. Since coming ashore Mr. Banning has worked for a fuel additive manufacturer, where he held the position of Marine Technical Service Manager and specialised in the application of residual fuels both onboard ships and ashore in diesel electric power plants, with a focus on fuel stability and risk mitigation. Over the last six years Mr. Banning has advanced his specialist knowledge of marine fuels, becoming an active member of ISO TC28/SC4/WG6 Classification and Specification of Marine Fuels amongst other technical committees. Mr. Banning has assisted the industry with the aim of improving overall fuel quality to mitigate risks onboard, and was involved in the 2017 revision of ISO 8217 and PAS 23263 in the run up to 2020. He has continued his committee work and has a renewed focus on 2030 and 2050 CO2 reduction targets, having been involved in setting up the framework for the inclusion of Biofuels and Alternative Fuels onboard marine vessels. Mr. Banning’s experience includes fuel analysis, product formulation and development, failure analysis, incident investigation, standardisation and specification, energy efficiency management, project management and consultancy.


Fotios Belexis

Technical Director, Starbulk SA

Presenter: Complying with EEXI and CII – the Starbulk case’

Fotios Belexis is Technical Director of Star Bulk Carriers Corp., the largest dry bulk shipping company listed today on the Nasdaq. Mr Belexis has 26 years of working experience in diverse technical managerial roles in major shipping companies operating diversified fleets such as LNG/LPG/Tankers/ Bulk Carriers and Container Vessels.   

Mr Belexis holds a BSc in Mechanical Engineering and an M.Sc. in Maritime Engineering from the University of Southampton. 

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Constantinos Capetanakis 

Bunker Diretor, Starbulk SA

Moderator: SESSION FOUR: What is the path for energy transition in the next 20 years?

Constantinos studied Law in Greece (LLB) and England (LLM in Maritime Law – University of Southampton). He is a qualified Greek lawyer since 1997 and English solicitor since 2002. 

From 1998 to 2002 he was the Legal Counsel of Excel Maritime Carriers, a Piraeus-based shipping company listed in NYSE. From 2002 to 2004 Constantinos worked as a marine litigation solicitor at Holman Fenwick & Willan, both in London and Piraeus. Between 2004-2013 he was a shareholder and Director of Quantum Shipping Ltd., a shipping company of Constantinos’ family interests, where he was responsible for the company’s investment strategy as well as for all legal, commercial and managerial issues. 

In 2014 Constantinos joined Starbulk, serving as General Manager of a number of private vessels and subsequently as Executive Vice President – Control Director of the group’s procurement arm, Ship Procurement Services SA. Since 2019 Constantinos is serving as Starbulk’s Bunker Director, responsible for bunkering procurement / strategy and Starbulk’s cooperation with bunker industry stakeholders. 

In 2020 Constantinos was, for the first time, a candidate in IBIA’s Board elections and got elected as IBIA’s Board Member. 

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Guido Cardullo

Head of Business Development, Fratelli Cosulich Spa

Panellist: SESSION FOUR: What is the path for energy transition in the next 20 yearsDecarbonisation/ how does it reflect on the bunker industry

Guido Cardullo is the Head of Business Development of Fratelli Cosulich, a world leading bunker trading company with offices in Hong Kong, Vietnam, Singapore, Dubai, Athens, Genoa, Monaco and New York. 

Before that, he was Managing Director of the Singapore office of Fratelli Cosulich, where they operate as a physical supplier with a fleet of 6 owned bunker barges. 

Mr Cardullo joined Fratelli Cosulich in 2011. 

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Chris Chatterton

COO, Methanol Institute 

Panellist: SESSION FOUR: What is the path for energy transition in the next 20 years?

Mr. Chatterton joined the Methanol Institute in February 2015, managing MI’s CIS, Asia Pacific and Middle East operations.  Over the past 20 years, Mr. Chatterton has worked at the executive level across the energy, shipping, automobile, renewables and chemical sectors, where he has been responsible for creating strategy, fundraising, restructuring, crisis management and operations for both start-ups and multinationals.  

After launching a successful business incubator in Kazakhstan, circa 1994, Chris discovered a passion for educating, connecting and guiding like-minded entrepreneurs.  Since then, he has led several energy and agricultural organizations to successful IPOs in addition to numerous cross-border private placements in the EU, Asia, Middle East and CIS and is active in the start-up space as a founder, thought leader and investor.   

Mr. Chatterton is fluent in Russian and holds an EMBA from HEC Paris. 

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Chrysostomos Papavassiliou

Managing Director, Island Oil (Holdings) Limited

Panellist: SESSION TWO: Leadership briefing: Top bunker supplier and trader executives
discuss the state of the industry

Chrysostomos Papavassiliou is the founder and Managing Director of Island Oil (Holdings) Ltd (www.island-oil.com), a diversified group of companies mainly active in the physical supply and trade of marine fuels. Founded in 1992, the group today has established office presence in seven countries and maintains ownership and management of 11 vessels primarily utilized for marine fuel transport and bunkering. 

Chrysostomos holds an MBA specializing in International Business and Shipping from San Francisco State University. Before founding Island Oil, he held various trading, financial and management positions in reputable shipping companies in the US, Greece, and Cyprus. 

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Cihan Ergenc

Chairman, Turkish Shipowners Association

Panellist: SESSION THREE: Shipping’s Challenging Decade – dealing with the energy transition

Cihan Ergenc, born 26.03.61, graduated university in USA, married, 2 children. 

We have been active in ship owning since 1990 with 30 years’ experience on ship management. 

We are also active on tourism, coal mining and coal trading.   

I am Chairman of Turkish Ship-owner Association. 

I am also chairman of ER Denizcilik AS and board member of Er Group of companies. 

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Timothy Cosulich

CEO, Fratelli Cosulich 

Panellist: SESSION FIVE: Regional focus on prospects for bunker markets around the world

Timothy started his career as a Consultant at PricewaterhouseCoopers first in London and then in Madrid, in the Valuation & Strategy department, focusing on M&A transactions. He then got his MBA from INSEAD and later on joined the A.P. Moller Maersk Group in The Netherlands as a General Manager, focusing on New Terminals acquisition and development. In 2010 Timothy joined his family business, Fratelli Cosulich, where he sits on the Group Board of Directors and holds the role of CEO - Marine Fuels. 

Fratelli Cosulich is a diversified Group founded in 1857, fully owned by the Cosulich family, now at its sixth generation. The Group is active in a number of aspects of the Shipping Industry, from ship-owning, to ship-agency, freight-forwarding, catering, manning, yacht-services, and marine fuel trading and supplying. Fratelli Cosulich has offices in 15 countries, approx. 1,000 employees worldwide and a yearly turnover of USD 1.9bn. 

Timothy is also the Chairman of IBIA Asia and sits on a number of boards, including IBIA, YPO Singapore, and the Italian Chamber of Commerce in Singapore. 

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Eddie Fish

Market Development Advisor, ExxonMobil Marine Fuels 

Panellist: SESSION TEN: Bunker Licensing and Mass Flow Meters

Eddie Fish is a specialist in marine fuels and lubricants and has worked at ExxonMobil for more than 27 years, with two decades in the marine group.  During this time he has held a number of sales, marketing and technical roles with key assignments including the launches of ExxonMobil Premium HDME 50 TM and most recently EMF.5TM. Additionally he continues to champion the wider adoption of accredited Mass Flow Metering Systems and measurement transparency in ports around the world. 

In his current position as Market Development Advisor, Eddie is focused on helping the marine industry prepare for the challenges on the journey beyond 2020.   

Eddie graduated with an honours degree in Managerial and Administrative studies from Aston University, UK, specialising in Marketing and Operations.  

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Ron Van Gelder

Advisor, Port of Rotterdam

Panellist: SESSION TEN: Bunker Licensing and Mass Flow Meters

Ron joined the Port of Rotterdam Authority in 1983. In 1986 he joined the Dangerous Goods Department up until the rank of Senior Superintendent. In 2000 left the inspection side of the department in order to start working on the Port Waste Management Plan. Now, as senior advisor to the Harbourmaster, he focuses mainly on shipping waste, ballast water issues, (air) emissions from ships, anti-fouling and other environmental issues, on both sea-going vessels and inland barges.  Responsible for implementing the bunker licensing system for transporters (conventional fuels) in February 2021.

Is member of WG4 (PRF) of ISO TC8/SC2, first as expert on Port Reception Facilities since 2011, as of 2017 as member on behalf of NEN and since 2018 as Convenor. Working on two subjects: PRF in the Arctic and PRF for Inland Shipping.

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Helle Græsdal 

Head of Bunkers/Alliance Executive, Frontline and Golden Ocean

Panellist: SESSION TEN: Bunker Licensing and Mass Flow Meters

Helle Græsdal has over 20 years of experience in the commodity trading, marine fuel and shipping industries. She has been Head of Bunkers for the John Fredriksen Group’s Frontline and Golden Ocean since September 2015.   


Helle is also an Alliance Executive for the Trafigura, Frontline and Golden Ocean marine fuels supply and procurement joint-venture, TFG Marine, providing business development support in the procurement and supply of both traditional and sustainable marine fuels of this rapidly growing company.  


Prior to her current positions with Frontline and TFG Marine, Helle worked as Bunker Procurement Manager for Western Bulk shipping company from 2009-2015 and as a trader and broker for Entranor Energy Trading Norway . 


Helle holds a degree in Business administration and  International marketing from the university of BI. 

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Shiva Gupta

Director, Oil Markets and Downstream Refining, IHS Markit

Presenter: In-depth presentations

Shiva Gupta is a director of Oil Markets and Downstream Refining at IHS Markit. 

Mr. Gupta manages marine industry fuel demand for the annual strategic workbook and focuses on alternative fuels and clean tech investment across the downstream industries. He provides consulting support for the refinery assets and supply including trade. He joined IHS Markit in 2012 and has provided research and analysis and published weekly and monthly reports for the petrochemical group. Prior to joining IHS Markit, Mr. Gupta held process engineering and business development roles at Lummus Technology and was manager of operation at Reliance Industries Limited. He holds a Bachelor of Engineering from University of Mumbai, India and an MBA from Management Development Institute, India. He is based in southern California, USA.  

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Robert Harper

CEO, EuroEco Fuels

Panellist: SESSION ONE: Regulatory Updates  

Robert Harper has been an industrial technology entrepreneur in the renewable energy and circular chemicals sectors since 2007. This has involved innovating and scaling several plant technologies from lab concept through to scaled production; and the development and supply of novel advanced biofuels for the residual bunker fuel market. He is the CEO of EuroEco Fuels, which has been supplying sustainable marine fuel into ARA since 2015 and is the Co-founder of Circtec, in which role he is currently focussed on deploying a flagship 200,000 tonne circular economy plant investment in the Netherlands. 

He was educated at Oxford and Sandhurst and spent his early career in a series of leadership positions as an officer in the British Army, with later spells working in the British Foreign Office and the UK Parliament; before moving into business in the renewable energy sector at age thirty.  

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Paul Hardy

Business Development, Nautical Supply 

Moderator: SESSION SIX: Price Mechanism for current and future Marine Fuels

I started my career as a shareholder in one of the marine credit reporting companies. I then moved to one of the large trading houses as global sales manager from 2002-2010. During that time I specialised in long term contracts and set up their hedging programme. Following that employment I moved into supply side and hedging consultancy as well as financing small cargoes in the Mediterranean. In recent years I have been working as Business Development with global broker NSI 

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Ishaan Hemnani


Panellist: SESSION SIX: Price Mechanism for current and future Marine Fuels

Ishaan has had an extensive career in oil trading starting at Glencore, then Noble Group and World Fuel Services where he co-lead the Price Risk Management desk for Marine Fuels. 
After five years at World Fuel Services, Ishaan co-founded BunkerEx. The company uses advanced technology to democratise access to bunker pricing worldwide. 
Today BunkerEx is a market leader for bunker price information, and in 2021 the company was acquired by USTC. 
Ishaan holds a Masters in Engineering from Imperial College London. 

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Colin Holloway

Global Head - Technical, Cockett

Panellist: SESSION FIVE: Regional focus on prospects for bunker markets around the world (Middle East)

Colin Holloway’s career in the oil and maritime industry spans more than 30 years during which he has gained extensive knowledge of a broad range of technical, as well as commercial and operational activities throughout the Middle East and Africa region.  


As Global Head Technical at Cockett Group, Colin is responsible for all technical aspects of marine fuel, reselling, petroleum products and services worldwide, while being in charge of the Group’s technical strategy and approach, including the implementation of new systems, tools, policies and procedures. 


As part of his responsibilities, he overlooks the monitoring and updates of the Group’s accreditation to and in line with the most current ISO 9001 framework, ensuring all offered products and services meet international customer and regulatory requirements. 


In his role, he manages the Group’s vetting process, selecting the suppliers and service providers based on a strict auditing protocol, while addressing the technical needs of the Group’s globally diverse client base. 


Additionally, Colin designs and implements training programmes for the Group’s technical staff members covering all technical aspects of the business and contributing to the Group’s consistent high-level performance. 


Colin started his career as a chemist at the Coryton oil refinery in Essex, England, and eventually relocated to the Middle East for the SGS Inspection Group, where he gained extensive product knowledge, including the full spectrum of petroleum products, petrochemicals and bulk commodities. 


Further landmarks of his career saw Colin at DNV Petroleum Services, where he was introduced to the technical world of bunkering and the maritime side of the business, as well as at a local bunker trader and Fujairah-based physical supplier strengthening his comprehensive industry know-how.   


Colin holds an MBA in International Business from University of Wollongong in Dubai (UOWD), UAE. 

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Jon Hughes

Managing Director, SABT

Panellist: SESSION FIVE: Regional focus on prospects for bunker markets around the world

John has worked in the bunker industry since 2006, all the while focusing on the African bunker market. He has spent many days in barely road-worthy taxis, rushing around traffic-congested African cities, striving tirelessly to mine through hundreds of opportunists with a laptop and cell phone that claim to be bunker suppliers.  All in search for that rare precious gem; an African supplier that can get the job done on time and within spec. 

He has been held up at gunpoint in Nigeria, almost quarantined for Ebola in Sierra Leone and been close to drowning but still maintains that he has the best job in the world.  Every day is different with fresh challenges and opportunities. The quest to provide long term value for a vision to uplift African ports to meet world standards is something of a personal passion which continues to sustain him today. 

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Jack Jordan

Managing Editor, Ship & Bunker

Moderator: SESSION FIVE: Regional focus on prospects for bunker markets around the world

Jack Jordan is an experienced financial editor and reporter with a degree in Arabic and Russian, a postgraduate diploma in newspaper journalism and several years' history of covering the oil and shipping industries and capital markets. His career has included appointments with Bloomberg, Argus Media, and S&P Global Platts. Jack is based in London, UK. 

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Şadan Kaptanoğlu

Shipping Manager, Kaptanoglu Shipping 

Panellist: SESSION ELEVEN: Shipping industry bodies on the future of emissions regulation 

Şadan Kaptanoglu is Chief Executive Officer of shipping and shipyard group, Kaptanoglu Shipping. Ms Kaptanoglu holds a Phd from De Montfort University and graduated from Cass Business School (MSC) where she studied shipping, finance and trade. She was the first woman President of BIMCO and is the Chairperson of TURMEPA and Vice President of INTERMEPA. She is also the Vice Chairperson of the Turkish Chamber of Shipping.

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Mike Kass

Engineer - Engines Research Group , Oak Ridge National Laboratory 

In-depth Presentation: Oak Ridge National Laboratory

Mike Kass is a distinguished engineer in the Engines Research Group at Oak Ridge National Laboratory.   He has over 20 years of experience in the fields of dynamometer-based engine testing, combustion/emissions research, engine materials and alternative fuels.  For the past 12 years Mr. Kass has been leading marine propulsion studies for the U. S. Department of Energy, which have been focused on the integration of alternative fuels in the marine shipping sector.  He holds a PhD in Metallurgical Engineering from the University of Tennessee and is a Fellow of SAE International. 

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Michael Kieran

Group Credit Manager, Island Oil (Holdings) 

Moderator: SESSION  EIGHT: CREDIT - Supply Chain Challenges in Todays Bunker Market

Kieran Michael began his career as a shipping and oil analyst at Dynamar in the early 90s and subsequently became an analyst at Standard & Poor’s then Lloyd’s. His credit management roles included serving as local MD and head of credit at Bunkers International and later WOS credit at Bomin. He is presently Group Credit Manager for the Island Oil group of companies involved in physical supply and trading, as well as vessel owning & management.

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Gunnar Kjeldsen

Global Business Development Manager, Bureau Veritas 

Panellist: SESSION SEVEN: Bunker Quality - How VLSFO quality is changing

Gunnar Kjeldsen began his working career in DNV Petroleum Services where he spent 16 years in different key positions. His last position in DNV Petroleum Services was Regional Manager for the Middle East and Africa. 

Gunnar has presented at bunker and shipping conferences, conducted seminars and also written on marine fuels. His extensive knowledge on marine fuels has helped shipping companies mitigate operational and financial risks as well as cost reduction with regards to bunker operations. 

He joined Bureau Veritas in 2014 in order to help set up the marine fuel testing program and since 2019, he has been the Global Business Development Manager for Bureau Veritas Marine Fuel Services. 


Jeff Lantz

Director of Commercial Regulations and Standards (CG-5PS), U.S. Coast Guard

Panellist: SESSION ONE: Regulatory Updates  

Jeff Lantz is Director, Commercial Regulations and Standards for the Coast Guard’s Assistant Commandant for Marine Safety, Security and Stewardship. His responsibilities include the development of U.S. national maritime safety and environmental protection regulations and policies and overseeing U.S. initiatives in the development of international maritime safety, security and environmental protection standards. 

In addition, Mr. Lantz serves as the U.S. Head of Delegation to the International Maritime Organization (IMO)’s Maritime Safety Committee, Marine Environment Protection Committee, and various sub-committees. In this position, he represents the US position on numerous regulatory issues within the international commercial maritime industry including piracy and maritime security, green house gas emissions, human element, ballast water management, and passenger vessel safety. 

Mr. Lantz retired from active duty with the Coast Guard at the rank of Captain in 2003 after numerous assignments in marine safety, including Chief of the Office of Design and Engineering Standards and Commanding Officer of the Marine Safety Center. He graduated from the Coast Guard Academy in 1974 and the University of Michigan in 1978, where he obtained advanced degrees in Naval Architecture and Marine Engineering and in Mechanical Engineering. 

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Deanna MacDonald

Co-Founder BunkerTrace, BunkerTrace

Panellist: SESSION TWELVE: Bunkering and Digitalisation

Founder and CEO of Bloc and co-founder and CEO of BunkerTrace, Deanna MacDonald is a blockchain innovator. At the helm of Bloc, MacDonald has helped the company develop maritime energy and blockchain solutions. Today, at just five years old, Bloc is the leading platform of its kind. 


At BunkerTrace, which MacDonald co-founded in 2019, her goal was to use a combination of synthetic DNA and blockchain to enhance marine fuel traceability, a goal which the company has achieved in just one year’s time. A respected public speaker and proponent of open-source technology, MacDonald uses her expertise in the blockchain field to educate on many aspects of the emerging field. 


LinkedIn profile  

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Jonathan Mclroi

Head of Trading - Bunker, Al-ghurair Energy

Panellist: SESSION  EIGHT: CREDIT - Supply Chain Challenges in Todays Bunker Market

Jonathan entered the maritime and bunkering market in 1993 first working at credit consultancy companies including MRC and Infospectrum. In 2005 he entered the bunker market directly with a role as Credit Manager at Peninsula Petroleum. The past 16 years have seen him active in a number of credit, commercial and management roles in bunkering at physical supply and back-to-back trading companies. He has spoken at numerous international bunkering and shipping conventions on subjects including credit and strategic matters and has contributed editorial and analysis to industry media.  

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Jeff Mildner

Founder, Vortex Development Group

Panellist: SESSION TWELVE: Bunkering and Digitalisation

Jeff Mildner brings 30+ years of software experience to the bunker industry and is the CTO at Vortex Development Group.  Vortex specializes in providing electronic solutions for complex paperwork, providing Marpol Annex XI compliant Electronic Bunker Delivery Notes (E-BDN’s®) and other associated paperwork.   


Digital Bunker is for fuel deliveries made via Ex-pipe, Truck or Barge (with or without Mass Flow Meters).  The goal at Vortex is to transform an industry dependent on rubber stamps and inkpads, ushering in 21st century technology.  For businesses today, it’s about speed, legibility, compliance, and the time-cost of money.  Digital Bunker can shorten the time from BDN to invoice from days or weeks to less than a minute. 


Available on the App Store and Google Play, Digital Bunker is offered as a Software as a Solution (SaaS) service—pricing is based on a customized scope of work and the number of subscribers per company. 


Dimitris Monioudis

Technical Committee Vice-Chairman, INTERCARGO

Panellist: SESSION THREE: Shipping’s Challenging Decade – dealing with the energy transition

Dimitris graduated in Marine Engineering and Marine Technology at theUniversity of Newcastle upon Tyne.
He has over 30 years of experience in shipping having dealt with a multitude of technical, purchasing, financial, operational and legal aspects within the industry as well as repairs, acquisitions and newbuilding projects in Japan, South Korea and China
He is General Manager of Rethymnis & Kulukundis Ltd, one of the oldest London-Greek shipping companies.
Dimitris is a Chartered Engineer, a Trustee of The Royal Institution of Naval Architects, a Fellow of The Institute of Marine Engineering, Science & Technology and The Institute of Chartered Shipbrokers as well as an Associate Fellow of The Nautical Institute.
He is Deputy Chairman of the Technical Committee of Intercargo whilst also sitting on various industry bodies including the BV UK & Ireland Committee, DNV West European Owners Committee and LR Technical Committee.
Finally, Dimitris is the current President of the Hellenic Engineers Society of Great Britain

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Mustafa Muhtaroğlu

Owner,  Energy Petrol 

Moderator: SESSION TWO: Leadership briefing: Top bunker supplier and trader executives discuss the state of the industry

In the bunker industry since 1986, act always as physical bunker supplier involving every aspect of bunkering like sales, operations, cargoes, finance, terminal management, barge owning etc.. founding chairman of Turkish Bunker Association (2001) 6 times chairman for Istanbul Bunker Conference and speaker at many industry events including Sibcon, IBIA Conventions and Platts Conferences. Currently serving Turkish Chamber of Shipping as bunker committee chairman, reserve board member and assembly member. Served IBIA many times as council and board member 

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Oğuz Önalan

General Manager Bunker Trading and Operations, Total Energies Marine Fuels’ 

Panellist: SESSION TEN: Bunker Licensing and Mass Flow Meters

Oğuz Önalan is the Head of Bunker Trading and Operations at TotalEnergies Marine Fuels’ Geneva office. In charge of European, African, American and Middle Eastern markets, he is leading up Marine Fuels physical trading and operations across these areas since about 8 years. In his 12+ years’ experience in the Oil and Gas industry, Oğuz served in a variety of roles including Bunker Trading in Africa, Derivatives Trading, Bulk Cargo Operations.  

His current role as the General Manager of a team of about 10 persons consist in bringing to the market less carbon intense products such as LNG and Biofuels. These new types of marine fuels are available thanks to all the branches of TotalEnergies with whom Oğuz and his team are in close collaboration. 

Both nationals French and Turkish, Oğuz accomplished his French’s Skema Business School’s International Finance and Business Master’s degree at the US’s San Francisco State University.” 


Hasan Ozturk

Senior Credit Analyst, Dynamar

Panellist: SESSION  EIGHT: CREDIT - Supply Chain Challenges in Today's Bunker Market

Hasan is a Senior Credit Analyst at Dynamar, one of the oldest and leading maritime credit reporting companies in the industry. He has extensive knowledge of the shipping industry and the credit risk assessment and management, having worked for Dynamar for over 18 years in total. He also took on several credit risk management roles and projects at BHP Billiton in the Netherlands and Singapore for a period of seven to eight years before joining Dynamar for the second time. Hasan holds a Bachelor’s degree in International Marketing Management from the Professional University of Utrecht.


Panos Panousis

Managing Director, Infospectrum

Panellist: SESSION  EIGHT: CREDIT - Supply Chain Challenges in Todays Bunker Market

Panos has over 25 years of direct experience in counterparty risk assessment and corporate credit. He is the Managing Director and one of the original founders of Infospectrum Ltd, which, since its launch in October 1999 by an established team of Senior Analysts, has grown to become the leading provider of business intelligence and counterparty credit risk appraisal reports in the maritime and energy/commodity trading sectors. Including its directly employed, core team of 45 Analysts, Infospectrum operates from offices in the UK, Germany, Singapore, Australia, North America, and Ukraine and has researched, analysed, and rated in excess of 28,000 companies.  

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Christian Plum

Co-Founder, BunkerMetric

Panellist: SESSION TWELVE: Bunkering and Digitalisation

Christian Plum, is Co-Founder of BunkerMetric, which provides Analytical IT tools for the Bunkering Industry. Our tools give decision support for bunker buyers / sellers / traders and brokers by giving overview of supply, demand and costs in their markets. 

Our tool BunkerPlanner aids bunker buyers in choosing the right port, volume and grade for their vessels journey, to minimize costs. While respecting all operational, commercial and regulatory constraints. 


Christian has a master’s in computer science and a Ph.D. in Operations Research from Technical University of Denmark, focusing on Algorithms for design of containership ship networks. He is (Co-)author of numerous peer reviewed articles in top scientific journals on bunker purchasing and design of maritime transportation networks. 


He has worked 8 years in the Maersk Group, starting at Maersk Oil Trading in 2007 developing a decision support tools for bunker purchasing, followed by various positions at Maersk Line developing customized analytical tools. 

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Alexander Prokopakis

CEO, LNG PRO Bunkers Holdings

Moderator: SESSION TEN: Bunker Licensing and Mass Flow Meters

Alexander Prokopakis is the CEO of LNG PRO Bunkers Holdings and the architect of the probunkers project. Prior to founding probunkers, he served Mamidakis Brothers Group as a senior executive, leading all of the Group’s Shipping, Bunkering and Aviation activities, through its respective companies: JetOil, JetTank and STYGA Compania Naviera. Mr. Prokopakis has over 20 years of professional experience in commercial leadership positions, over which he has attained deep knowledge and expertise mainly in the industry of shipping and bunkering. He is a Graduate of St. John’s University with an MBA in Executive Management and holds a BSc Degree in Business Management from the State University of New York. 

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Dragos Rauta

Technical Director,  INTERTANKO

Panellist: SESSION THREE: Shipping’s Challenging Decade – dealing with the energy transition


Naval Architect sand Mechanical Engineer 


Professional activity: 

  • Ship building  1980 – 1983 

  • Ship Design & Research 1983 – 1989, including towing tank testing  


INTERTANKO - Since September 1990 


Position: Technical Director since 2000 

Office Oslo (1990 – 2001); Washington D.C: (2002-2004); Oslo since January 2005. 


Responsibilities: Coordination of all technical & engineering matters; representing INTERTANKO at the International Maritime Organisation’ relevant Committees and Sub-Committees 




  • Det Norske Veritas  Nordic Committee for Safety at Sea 

  • Korean Register European Committee 

  • NACE Coating Council  

  • US Society of Naval Architects and Marine Engineers (SNAME) 

  • Participant on the US National Research Council/Marine Board Committee on Evaluating Alternative Tanker Designs 

  • Participant in the SNAME Ad-Hoc Panels on Tanker Stability, Environmental Performance of Tankers, Structural Design and Response in Collision and Grounding, Protection of Bunker Tanks, etc. 

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Cem Saral

CEO, Cockett

Panellist: SESSION TWO: Leadership briefing: Top bunker supplier and trader executives discuss the state of the industry

Cem Saral is the CEO of the Cockett Group (www.cockettgroup.com), one of the world’s leading resellers of marine and petroleum products and services and has over 20 years of industry experience on marine fuels and fuel oil trading.  

During his career Cem has been employed at various key trading and management roles by leading oil trading and marine fuel oil companies. He has a wide geographical coverage and direct working experience in Europe, Asia, US, Far East and the Middle East.  

Having worked extensively at both marine fuels and fuel oil trading industries, Cem has a sound understanding of the entire fuel oil supply chain and physical trading on a global basis. As a further value-add, he has had the opportunity to employ these direct trading experiences into areas of business development, management and strategic M&A activities. 

Prior to joining to Cockett, Cem was last employed as a fuel oil trader by Vitol, one of the world’s leading energy and commodity trading companies (www.vitol.com) and 50% shareholder of the Cockett Group.   

Cem holds a BSc degree in Operations Research from Turkish Naval Academy and throughout his career he has attended a wide range of programs on trading, risk, finance and management. 

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Darren Shelton

CPO, Fuel Trust

Panellist: SESSION ELEVEN: Bunkering and Digitalisation

Darren Shelton is a 25-year veteran of the maritime industry having managed multiple shipping agencies, serving as lead auditor in ISO quality management systems and most recently being tasked with driving their digital initiatives for a premier global maritime agency. In 2018 he envisioned a blockchain startup for the downstream energy sector which led to his co-founding FuelTrust, a data science company with SaaS solutions. Darren studied at Stephen F. Austin State University and Hope International University, has received honorary degrees from Alvin Community College and presently serves on the Board of Regents at ACC. He is Chair Elect of both the Lone Star Harbor Safety Committee and the Alvin-Manvel Area Chamber of Commerce, in addition to serving on the boards of several other community organizations. He and his family reside in the Houston suburb of Alvin TX. 

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Steve Simms

Principal - Simms Showers LLP

Panellist: SESSION NINE: Legal focus: How the 0.50% sulfur limit is being enforced

J. Stephen (“Steve”) Simms is a Principal of Simms Showers LLP.  He serves as Chair of the International Bunker Industry Association (IBIA) Legal Working Group and is a past IBIA’s Board member. 


 Simms Showers is one of the world’s most active law firms working in the area of bunker trader, broker and supplier representation, vessel arrest, maritime attachment, and related maritime remedies for creditors. The Firm has to date recovered over $700 million for its clients as the result of vessel arrest and maritime attachment proceedings throughout the world. 


 Mr. Simms was selected for the United States Department of Justice, Honor Law Graduates Program and served as a federal prosecutor.  He was EditorinChief of the Northwestern Journal of International Law and Business at Northwestern University School of Law (Chicago),  holds an M.A. in International Studies from The Johns Hopkins University School of Advanced International Studies, and a B.A. in International Studies from The Johns Hopkins University. 


He is the Husband of his wife of 30 years, Denise, and Dad of daughter Alison and son John,  and of West Highland White Terrier Barrett, who enjoys chasing squirrels with the same enthusiasm that Mr. Simms has for chasing ships. 


Svend Stenberg Mølholt

Group COO, Monjasa

Panellist: SESSION TEN: Bunker Licensing and Mass Flow Meters

“Coming from an internal position as Business Development Manager in Monjasa, Svend Stenberg Mølholt was appointed as Group Chief Operating Officer in the early months of 2016. Since his accession to the top management, Svend has contributed significantly to the strategic and organisational backbone of the organisation, creating a uniform image of the Monjasa Group operations worldwide.  


He started his professional career in 2004 as a trainee at A.P. Moller-Maersk attending the Maersk International Shipping Education, from where he worked his way up through the ranks, claiming various internal positions across international borders.” 


John Sze

Deputy Managing Partner, Joseph Tan Jude Benny LLP

Panellist: SESSION NINE: Enforcement: What to expect?

John Sze is the Deputy Managing Partner of the law firm Joseph Tan Jude Benny LLP, a leading maritime law firm in Singapore. John is dual qualified to practice Singapore and English law, and has primarily practised as a litigator, with a particular focus on maritime and international trade litigation. He has appeared at all levels of the Singapore Courts, and represented clients as lead counsel in arbitrations seated in Singapore, Hong Kong and London, under SCMA, SIAC, LMAA, HKIAC, GAFTA as well as ad hoc rules. John has experienced the entire spectrum of shipping disputes, including collisions, charterparty disputes, cargo claims, shipyard disputes and shipboard incidents. With the growth of technology usage in the trade finance and shipping industries, John has recently been actively advising the industry on the legal and regulatory issues arising from the industry’s adoption of technology in their trading, client management, operations and technical management functions.

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Mark Smith

Loss Prevention Executive, The North of England P&I Association Limited

Panellist: SESSION FOUR: What is the path for energy transition in the next 20 years Decarbonisation/

How does it reflect on the bunker industry

Mark joined North of England P&I Loss prevention department in September 2013 in the. Mark previously worked as a Fleet Superintendent for Maersk, a Technical Superintendent for Paccship UK Ltd and spent time as an engineer at sea with P&O Nedlloyd. Mark is involved with all aspects of loss prevention including guiding Members, writing publications and hosting webinars.  

Mark is part of North’s decarbonisation working group and also deals with enquiries on bunker quality and disputes. 

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Thomas Sosnowski

Managing Editor, Americas Marine Fuels, OPIS by IHS Markit

Panellist: SESSION SIX: Price Mechanism for current and future Marine Fuels

Mr. Sosnowski oversee the pricing and news for Americas bunker and bulk residual fuel oil markets for OPIS. Tom has more than 15 years of heavy fuels pricing and analytical experience and in the past has been certified by the Law Society of England and Wales in ship chartering. Tom has a bachelor’s degree in communications from Gettysburg College. 

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Bjarke Staal

General Manager, Termoil

Panellist: SESSION NINE: Enforcement: What to expect?

Bjarke has worked over 25 years in the bunkering industry, for both traders/brokers and physical suppliers. Until recently, he worked for one of the World’s largest Bunker Trading House, BMS UNITED, as Director for Credit, Claims and Legal. Since Spring 2021, he joined TERMOIL LTD as Partner and General Manager.

Termoil is a worldwide Bunker trader, with offices in the United Kingdom, Greece and Cyprus, and are Physical Suppliers in Novorossiysk, Russian Black Sea.

He has spoken on several Bunker conferences and leading up to 2020, he has hosted many internal and external seminars, including Training Seminars for traders and on behalf of BIMCO and P&I Clubs for their Members.

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Zach Stansbury

Commercial Director, GCC Supply and Trading

Panellist: SESSION FIVE: Regional focus on prospects for bunker markets around the world

Zach Stansbury manages GCC Supply and Trading’s commercial businesses, which include marine fuel bunkering, fuel oil supply and trading, distillate fuel supply and trading, and naphtha supply. Trades fuel oil and distillate fuel components, and finished fuel products, acquiring fuel components from various production and trading sources across US and international markets. Manages marketing strategies to both retail and wholesale fuel markets. Blends finished bunker fuel to the appropriate ISO 8217 specifications for both fuel oil and distillate fuel requirements in the US Gulf, at Texas International Terminals in Galveston, Texas. Develops and executes derivatives strategies, which include trading crude oil and oil products futures, swaps and options, as a both a risk management function and speculative trading strategies for GCC Supply and Trading’s commercial businesses. 

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Adrian Tolson

Director and Lead, BLUE Insight

Moderator: SESSION ELEVEN: Bunkering and Digitalisation

Adrian Tolson is 20|20 Marine Energy’s Senior Partner and one of the shipping industry’s leading marine energy experts. With more than 30 years of experience he has a detailed knowledge and insight of the supply and demand side of fuel purchasing, as well as bunkering infrastructure development.  


Adrian’s experience spans leadership roles with some of the industry’s largest marine fuel suppliers, including Chemoil Energy, where he was responsible for successfully driving the company through to IPO; and as Vice President and General Manager of OW Bunker where he established its physical supply operation in th

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Chris Turner

Bunker Quality and Claims Manager - Integr8 Fuels 

Panellist: SESSION SEVEN: Bunker Quality: How VLSFO quality is changing 

Chris Turner is the Manager of Bunker Quality and Claims at Integr8 Fuels and is based in Singapore. Chris has over 30 years experience within the Shipping Industry commencing with 20 years within Independent Laboratories and latterly spent the last 11 years within Physical Supply, Trading, Broking and Procurement of Bunkers for Owners and Charterers. Chris is also a well known public speaker within the Industry and a  member of the Technical and Future Fuels working groups within IBIA 

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Sinan Utlu

Head of Credit, Maersk Oil Trading

Panellist: SESSION  EIGHT: CREDIT - Supply Chain Challenges in Todays Bunker Market

Sinan Utlu is currently Head of Credit at Maersk Oil Trading, responsible for third party marine fuel activities, establishing credit framework, credit checks, credit analysis, credit exposure solutions and credit reporting in relation to MOT´s trading counterparts and marine fuel customers. 

Prior joining Maersk Oil Trading Sinan worked six year at Monjasa Group, supporting the groups third party business in Europe, Singapore and Middle-East. He was responsible for maintaining the groups credit policy, performing credit reviews and developing the internal credit model. 

Sinan Utlu joined from Euler Hermes (Allianze Group), where he conducted sector analysis and adjusted portfolios for sensitive sectors and sensitive buyers. 

In 2014 Sinan Utlu was awarded by the Danish steel organization as the Steel Price Forecaster of the year.  

Sinan has an MSc in Finance and Accounting from Copenhagen Business School. Alongside his academic and professional credentials, Sinan Utlu is also an avid and dedicated writer in shipping related articles and enjoys sharing his perspectives and industry know-how. 


Monique Vermeire

Fuels Technologist, Marine and Powergen, Chevron

Panellist: SESSION SEVEN: Bunker Quality - How VLSFO quality is changing

Monique Vermeire joined Texaco Technology in 1987, where she was responsible for the Analytical division within the Chemical and Analytical Section group. In 1998 she moved to the Heavy Fuel Technology department where she provided technical and marketing support on marine fuels. Since 2004, she has been in charge of all global technical support for marine distillate and residual fuels to Chevron’s marine and powergen business.

Monique is member of Cimac Fuel Oil WG7, represents Chevron in industry organisations such as IPIECA, OGCI Transportation Workstream, EI and since 2011 she is the Convenor of the ISO Classification and Specification of Marine Fuels Working Group. In 2021 she was also appointed as Convenor of the Working Group ‘Specifications of alternative fuels for marine applications. She is actively involved in many industry initiatives related to marine fuels quality and regularly attends IMO MEPC/MSC meetings.

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Nicolas Yerie Vukelja Duque

CEO, Terramar

Panellist: SESSION TEN: Bunker Licensing and Mass Flow Meters

Nick 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.   

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. 

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Thomas Washington

Associate editor - bunker fuels, S&P Global Platts

Panellist: SESSION SIX: Price Mechanism for current and future Marine Fuels

Tom has covered marine fuels in detail amid wide-ranging coverage of the energy sector. He has been at S&P Global Platts since 2015, where he started on petrochemicals markets before moving to bunkers, where he was responsible for developing Platts’ response to IMO 2020 and for following this unfolding news story and its effect upon prices. Since then he has widened his focus to include not just marine fuel but also the wider shipping markets and the energy transition.  

He started his journalism career in Russia, covering general news and energy in the Former Soviet Union and working successively for RIA Novosti, Energy Intelligence and Interfax.  


Stefka Wechsler

Marine fuel and fuel oil price analyst, Argus

Panellist: SESSION SIX: Price Mechanism for current and future Marine Fuels

Stefka Wechsler joined Argus in 2012 as an editor and marine fuel analyst contributing to the daily price and news report Argus Marine Fuels. She created and maintains a marine exhaust scrubber database and an alternative marine fuels-powered vessels database. In addition to conventional bunkers, she tracks prices of alternative marine fuels (ammonia, LNG, methanol, biofuels, etc.). Formerly a residual fuel oil consultant with Poten & Partners (2006-2012), where she focused on market analysis for fuel oil production, consumption and regulations. She contributed to the monthly Fuel Oil in World Markets and Fuel Oil Opinion reports and co-authored the study Marine Fuel Regulations 2010-2025, among others. Stefka has an extensive network of marine fuel suppliers, traders, brokers and shipowners in all major ports in North America and Latin America. She has an MBA from Fordham University. 

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Timothy Wilson

Principal Marine Consultant Engineer, FOBAS, Lloyd’s Register 

Panellist: SESSION SEVEN: Bunker Quality - How is it changing

From 1995, with Lloyd’s Register as specialist in marine fuels and exhaust emissions with the LR fuel advisory service (FOBAS), previously at sea for 20 years as a marine engineer.


Member of the CIMAC Fuels WG7 and the ISO TC 28/SC 4/WG 6 ISO 8217 committee for over 12 years and involved in the revised editions for 2010/12 and 2017 ISO 8217 fuel specification and currently the next edition to incorporate the findings in the use of VLSFO since its global usage from 2020. .


With the advent of the GHG concerns; have also been focused in the operational assessment into the use of biofuels in the marine sector for marine use including their impact on the NOx exhaust emissions and CO2.


Supporting committees such as: IMO MEPC, PPR, MSC, EU ESSF, Intertanko, IBIA, IACS and company fleets on contemporary fuel quality and regulatory compliance matters

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Peter Zachariassen

CEO, Bunker One

Panellist: SESSION TWO: Leadership briefing: Top bunker supplier and trader executives
discuss the state of the industry

Peter Zachariassen is an experienced CEO with a demonstrated history and international background from the Bunker Industry. Combined with a pragmatic yet strategic mindset, Peter also has deep operational insights from his many years in the industry. The smooth 2020 transition and faring the troubled waters during the Covid-19 pandemic called for prober use that exact experience. When it comes to development, Peter sets the bar high in new ways of working, trends, and customer demands. Simplicity, digitalization, expansion, sustainable fuels, and customer partnerships are the key focus areas on Peters desk and where we will see Bunker One accelerate in the coming years.  

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Henrik Zederkof

Senior Director - Bunker Holding A/S |IBIA Chairman

Welcome Address






CEO | DAN-BUNKERING GROUP | 2009 - 2017  

Overall management of the Dan-Bunkering Group. 

Strengthened and developed the group from 4 to 13 offices.  

Promoted and developed the Dan-Bunkering brand and business. 


Management, development and implementation of the group Key Account Program. 



Member of Senior Commercial Management in Bunker Holding Group 










Working group with focus on developing the next version of the BIMCO Bunker Contract with the ambition to reach more standardized and compliant terms and conditions for bunker trading.