Led by leading bunker market experts Robin Meech and Chris Fisher, this new course has been designed specifically to reflect on the latest trends facing the bunker market. With fuel costs having risen 600% over the past 10 years, representing over 70% of most shipping companies’ costs, this new course will highlight the new importance placed on bunker fuel as the major cost for the shipping industry. It should prove to be a timely course for bunker suppliers, traders and brokers, as well as bunker fuel purchasers, class societies, surveyors and other bunkering stakeholders.
Entitled “Complete Guide to Bunkering” , it is designed by Meech, leading industry expert on bunker fuel, the managing director of Marine and Energy Consulting and co-author of the book “Outlook for Bunker Fuel Oil and Heavy Fuel Oil to 2030” published in July 2011. Focused on delivering value for money, the course encompasses the full breadth of the bunker industry, with such topics as: its history and background, the latest regulations (SOx, NOx and Greenhouse Gases), abatement and energy efficiency, demand and pricing, a look at LNG and other alternative fuels, the latest fuels standards (ISO 8217:2010), sampling and surveys, metering, price risk management and an introduc¬tion to the legal framework and contracts.
Along with NMCI’s LNG fundamentals, (http://www.nmci.ie/
As Robin Meech explains:
“The modern bunker market is a constantly changing operating environment – increasing prices, environmental regulation, record prices, poor credit, growing demand for metering, the potential of LNG powered vessels; all of which directly influences the decisions taken by those operating across the full spectrum of the bunker supply chain. This course will reflect the bunker market as it is today and the GTSS should be commended for looking at the bunker industry and allowing it to use its state-of-the-
“Given the sheer scale of relative cost for bunker fuel in the modern shipping market, it is not only the buyer and seller of bunkers that play a crucial role in maximising profitability. Expanding the depth of people’s knowledge right across the value chain, including board members, can help provide them with a better understanding of the bigger picture, as well as the consequences of their actions, enabling them to make more informed decisions with confidence. Ultimately this improves the overall efficiency of end-to-end operations and allows organisations to benefit from the associated commercial savings.”
This course has been created by paying close attention to the current trends and determining the likely future of the bunker market and combines elements of strategic long-term thinking along with technical and regulatory requirements, and the day-to-day realities of bunker sales, procurement and delivery.
Conor Mowlds, Director, GTSS has said:
“With bunker prices at an all time high the bunker purchaser has a more influential role than ever before. The viability of many a company is resting on the successful purchase of bunkers at the right price, and when done effectively this can give an organisation a competitive edge. In today’s operating environment, increased understanding can indeed provide competitive advantage, which is why GTSS has designed the best value for money course in the industry.”
The inaugural GTSS ‘Complete Guide to Bunkering’ course will run for 3 days from 22nd to 24th November and will be held at the National Maritime College of Ireland (NMCI) based in Ringaskiddy on the outskirts of Cork city. Ideally located only a 45 minute plane journey from London’s Heathrow, and is serviced by flights from Geneva, Lisbon, Amsterdam and other international destinations, it is a must for all with interests in this upcoming area. Costing Euro 1,645 per person, three nights accommodation, breakfast, lunch and daily refreshments, a welcome drinks reception and a networking meal on the final evening are all included in the price. For interested attendees, other evening activities can be arranged. There is an early-bird rate of Euro 1,495 available if you book up to the 28th October. For more information please visit www.nmci.ie/
Notes to editors:
GAC Training & Service Solutions is a joint venture between GAC and the National Maritime College of Ireland. Providing innovative and cost saving training solutions for the LNG and tanker markets, as well as other commodity and maritime sectors, the partnership is focused on the expert delivery of a portfolio of training courses for both seafarers and shore-based shipping personnel.
GAC is a global provider of shipping, logistics and marine services. These services are constantly being refined and integrated to serve our customers’ increasing need for competitive solutions. Emphasising trust, reliability and a strong human touch, GAC has been building its reputation in its chosen markets since 1956. Headquartered in Dubai, GAC employs over 9000 people in more than 300 offices worldwide.
Opened in October 2004, the National Maritime College of Ireland (NMCI) is a purpose built constituent college of the Cork Institute of Technology, established in partnership with the Irish Naval Service and Focus Education Ltd. Located on a ten acre site in Ringaskiddy with direct access to the harbour, the college houses state of the art facilities and equipment including two full mission simulators, jetty, fire fighting and survival training facilities, library, IT and other laboratories. The NMCI caters for the education and training needs of the merchant navy, the non-military training requirements of the Naval Service and provides a broad range of training services for the maritime industry.