Events and photos up on August Energy Facebook group

(http://www.augustenergy.biz/, July 31, Friday) --- August Energy's Facebook group now has a complete list of its recent training courses posted for viewing. Dates for the coming fuel storage and bunker courses have been indicated as well.

Topics and speakers' details are listed on the Discussion Board, and a list of participating companies, organisations and government agencies has also been included.

Photos of speakers and delegates from each of the courses are posted too.

Check them out and share your feedback and comments with us!

August Energy on Facebook
http://www.facebook.com/group.php?gid=105636939441

BUNKER INDUSTRY: Trading Pricing & Operating Risks

(http://www.AugustEnergy.biz/, June 22, Monday)

COURSE PROGRAMME

DAY 1 - Wednesday 24 June 2009

8.15 am
Registration and Morning Coffee

8.45 am
Introduction and Opening Address
Tham Heng Mun
Managing Director
August Energy

9.00 am
“PROJECT: Petroleum Storage and Terminal Investment in the Maldives”
Ahmed Muneez
Managing Director
Maldives National Oil Company

10.00 am
Q & A
Ng Weng Hoong
Editor
EnergyAsia

10.15 am
Refreshment and networking break

PANEL: Keeping Singapore On Top

10.30 am
“Platts’ Role In the Bunker Market: Pricing Issues and Risk”
David Ernsberger
Senior Editorial Director, Asia
Platts

11.15 am
“Overview of the Bunker Industry in Singapore”
Gerald Loh
Assistant Director, Marine Services Department
Maritime and Port Authority of Singapore (MPA)

11.45 am
“CPIB Update: Safeguarding the Bunkering Industry”
Ang Seow Lian
Assistant Director
Corrupt Practices Investigation Bureau (CPIB)

12.30 pm
Summary and Q & A
Ng Weng Hoong
Editor
EnergyAsia

12.45 pm
Networking Luncheon

PANEL: Credit Risks and Opportunities

2.00 pm
“The Perspective of the Clearing Exchange”
Yeo Ek Meng
Vice President, Clearing and Commodities Business
Singapore Exchange Ltd (SGX)

2.30 pm
“Preparing for the Downturn in the Shipping Trade”
Tim Reid
Partner
Ferrier Hodgson

3.00 pm
Summary and Q & A
Tham Heng Mun
Managing Director
August Energy

PANEL: Upkeeping Singapore’s High Standards

3.15 pm
“Singapore’s New SS‐600 Standard, Part 1”
Tan Lay Thok
Member, Technical Committee, Bunkering
SPRING Singapore

3.45 pm
Refreshment and Networking Break

4.00 pm
“Singapore’s New SS‐600 Standard, Part 2”
Tan Lay Thok
Member, Technical Committee, Bunkering
SPRING Singapore

4.30 pm
“Quality Management for Bunker Supply Chain (SS 524:2006)”
Yee Peng Fei
Principal Consultant
Transportation & Logistics Managers Pte Ltd

5.15 pm
Summary and Q & A
Tham Heng Mun
Managing Director
August Energy

5.30pm
End of Day One

Day Two: Thursday 25 June 2009

9.00 am
Opening Comments
Tham Heng Mun
Managing Director
August Energy

PANEL: Credit Risks and Opportunities

9.15 am
“Maldives: Opportunities for Bunkering Business”
Ahmed Muneez
Managing Director
Maldives National Oil Company

9.45 am
“IE Singapore Overview: Your Partner for your Overseas Venture and Growth”
Angeline Chan
Head, Transport and Logistics
International Enterprise Singapore (IE Singapore)

10.00 am
“Clearing and Risk Management for the Bunker Industry”
Jennifer Ilkiw
Director, Asia
IntercontinentalExchange Inc (ICE)

10.30 am
Summary and Q & A
Ng Weng Hoong
Editor
EnergyAsia

10.45 am
Refreshment and Networking Break

PANEL: Credit Risks and Opportunities

11.00 am
“The Perspective of the Bunker Trader”
John Phillips
Global Credit Manager
Chemoil Energy Ltd

11.45 am
“Credit Risks & Opportunities: The Use of Risk Management Tools and Software”
Greg Leck
Vice President, Business Development
Triple Point Technology Inc

12.30 pm
Summary and Q & A
Ng Weng Hoong
Editor
EnergyAsia

12.45 pm
Networking Luncheon

PANEL: Credit Risks and Opportunities

2.00 pm
“Financial and Trading Risks Face by the Bunker Trade”
Johnson Chan
Head of Structured Trade Finance for North Asia
OCBC Hong Kong

2.45 pm
“Using Credit and Political Risk Insurance in Volatile Times“
David Anderson
Deputy Regional Manager, Asia‐Pacific
Zurich Insurance Company

3.30 pm
Refreshment and Networking Break

3.45 pm
“Innovative Solutions for Aboveground Storage Tanks“
Paul E Butler
Regional Manager, Asia‐Pacific
HMT (specialist in fuel storage terminals)

4.10 pm
Delegates’ Comments on Industry Issues
Ng Weng Hoong
Editor
EnergyAsia

4.40 pm
Concluding Remarks and Thank You
Tham Heng Mun
Managing Director
August Energy

End of Day Two and Course

Sponsored by:












Fuel Supplies Maldives





SGX Asia Clear


Bunker Cafe on Facebook
http://www.facebook.com/group.php?gid=88897295872
August Energy on Facebook
http://www.facebook.com/group.php?gid=56345569853

August Energy planning third bunker course in May after the success of last month’s event

August Energy reported a sell-out crowd of bunker fuel professionals for its Bunkering Principles, Management & Operations course held in Singapore last February 24 and 25.

More than 50 participants from seven countries attended the NUSS Guild House seminar hall at the Suntec Singapore International Convention & Exhibition Centre. The event was expected to attract about 30 people, and also exceeded the turnout reported for the first event held last September, said managing director Tham Heng Mun.

The participants benefited from in-depth discussions and lectures by a host of experts including Gerald Loh from the Maritime and Port Authority (MPA), Douglas Raitt of Lloyd’s Register and Tan Lay Thok of SPRING Singapore’s technical committee for bunkering. While Mr Loh and Mr Tan addressed regulatory, policy and enforcement issues pertaining to Singapore, Mr Raitt, Lloyd’s global FOBAS manager, spoke on pressing environmental challenges facing the industry.

Adrian Tolson, vice-president of sales and marketing at US-based Chemoil, and Simon Neo, deputy marine director at Equatorial Marine Fuels, presented the experiences and perspectives of independent bunker traders.

Lee Hong Liang, editor of BunkerWorld, spoke on the current issues facing the bunker markets in Asia and the Middle East.

Amid growing concerns with trading and credit risks, George Ng, director of CME Group, and Yeo Ek Meng, vice-president of clearing and commodities business at the Singapore Exchange, presented the services of their organisations in helping traders deal with the threat of credit issues.

Corporate recovery specialist Tim Reid, a partner at Ferrier Hodgson, provided advice on how companies should deal with credit issues and bad debts.

The other speakers included veteran industry consultants Yeo Ek Thoe and Yee Peng Fei who shared their overviews on the bunkering business and the quality management of the bunker supply chain. Naimish Raval, senior business development manager at Emerson Process Management, provided an update on his company’s work on bunker metering.

Delegates participated by debating and asking questions of the lecturers, and exchanging information among themselves.

Some of the course topics included an overview of the forces that drive the bunker fuels markets, issues related to management and trading, Singapore as a major hub in the global bunker supply chain, the role and issues related to the Singapore Standard 600 (combining the CP 60 and CP 77), trade financing and outlook for bunker projects in the region.

Credit, financial and liquidity challenges facing today’s bunker markets were also discussed, focusing on risks and how traders should navigate the current credit threats and liquidity squeeze.

Also included was a technical and practical overview of the workings of bunker operations and management, in particular the state of bunkering practices in Singapore, the importance and role of surveyors and inspectors, and survey requirements on bunker contamination, dispute handling, and new MARPOL rules and requirements. The speakers also addressed auditing practices and policy in Singapore and the international market as well as what bunker auditing hopes to achieve and how it is conducted.

Due to the strong response from the industry, August Energy is planning to hold a series of bunker training courses through 2009. The next event is being planned for May, featuring updates on key issues facing the industry, case studies and financial issues, said Mr Tham.

He said: “Our aim is to provide the industry a forum and a platform to regularly address issues facing the bunker markets. We will use each event to address a different set of issues. Professionals involved in the bunker industry may send me their feedback and comments for incorporation into the next event in May.”

Bunker Cafe on Facebook
http://www.facebook.com/group.php?gid=88897295872
August Energy on Facebook
http://www.facebook.com/group.php?gid=56345569853