Monday, May 18, 2009

Strong speakers line-up for AugustEnergy's June bunker course


(http://www.AugustEnergy.biz/, May 18, Monday) --- AugustEnergy is finalising preparations for its Bunkering Course in Singapore on June 24-25. Thanks to a strong roster of speakers assembled, next month’s event promises to be one not to be missed by members of a bunkering industry in the throes of the global economic storm.

Government support includes presentations by four agencies concerned with the sector’s activities.

The Corrupt Practices Investigation Bureau (CPIB), Singapore’s watchdog against malpractice in the public and private sectors, will be addressing the bunkering industry for the first time ever. This speaking occasion is widely considered timely in light of recent news-making developments involving some bunker sector companies currently under investigation.

International Enterprise Singapore (IE Singapore) will also be presenting its various programmes to assist Singapore companies in expanding operations overseas. The agency’s speaker will be handling inquiries from local bunkering players interested in reaching markets abroad.

A third government agency, SPRING Singapore, will be providing an essential primer on Singapore’s new standard, SS-600. This will be complemented by another presentation on SS-524, otherwise known as Quality Management for Bunker Supply Chains (QMBS).

Spearheading government support is the Maritime and Port Authority of Singapore (MPA). In fully-endorsing AugustEnergy’s Bunker Course, the agency will be updating members of the bunker sector on its latest policies and guidelines. It also encourages industry participation in this event through its 30% subsidy for all Singapore-registered companies.

Key members of the private sector will also be presenting on issues relevant to the industry today, such as tightening credit and managing trading risk.

Platts’ senior editorial director for Asia, Dave Ernsberger, will be on-hand to shed light on pricing issues, and Chemoil International’s credit manager, John Philips, will be discussing risk management the perspective of the bunker trader.

OCBC’s head of Structured Trade Finance for North Asia, Johnson Chan, will be discussing financial and trading risks, while Zurich Insurance’s deputy regional manager, David Anderson, will be illustrating the use of credit insurance during this time of extreme volatility.

Tim Reid, partner at advisory and forensics experts Ferrier Hodgson, will brief bunker delegates on corporate recovery services to assist bunker companies experiencing financial difficulties.

IntercontinentalExchange (ICE)’s Jennifer Ilkiw and Singapore Exchange (SGX)’s Yeo Ek Meng will be explaining the benefits of clearing exchanges in mitigating trading risks, while Triple Point Technology’s vice-president for Business Development, Greg Leck, will be discussing a different approach to this through the use of risk management tools and software.

Providing an optimistic counterpoint to concerns on credit and risk, the Maldives National Oil Company’s managing director, Ahmed Muneez will be informing delegates on strategic oil storage and bunkering opportunities in the Indian sub-continent.

As much excitement has already been generated by the programme’s line-up of presentations, interested members of the bunkering industry are advised register while there are still seats available.

Registration forms can be downloaded from AugustEnergy’s website http://www.AugustEnergy.biz/, or call +65 6438 0933 for inquiries.
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