(EnergyAsia, July 28, Monday)— August Energy Pte Ltd will be holding a workshop on ‘Bunkering: Principles, Management & Operations’ at the Bestway Building, off Shenton Way, in Singapore from September 2 to 3.

Bunker fuel prices are probably the largest cost components for the shipping industry today. The cost of bunker fuel recently climbed to a record of more than US$770 a tonne FOB Singapore, double what it was a year ago. Any company exposed to the bunker fuel market today must train its staff to understand both the technical aspects and market practices associated with the volatile nature of this commodity.

This workshop is recommended for anyone interested in the bunker fuel markets in Singapore, Asia and the world at large. This would include any professional or personnel involved in the bunker fuels trade, banks, financial institutions, oil refiners, shipping and marine companies, ports, insurance, government officials, regulators, consultants, economists and the media.

Topics addressed include the structure of the oil markets in general and the bunker markets in particular, the impact of the US credit crisis, the crackdown on malpractices, supply-demand balances, Singapore as a major hub in the global bunker supply chain, operational and management practices, and government policies.

The event will also examine the role of surveyors and inspectors, bunker contamination, dispute handling, MARPOL rules and requirements, auditing practices and policy in Singapore.

Speakers at the event include Lee Hong Liang (Bunker World), Douglas Rait (IBIA Asia Exco), Captain Zein (Hong Lam Marine Pte Ltd), Yee Peng Fei (PSB consultant) and Dave Cheng Loon (Certification International Pte Ltd).

Who should attend: crew and staff of bunker companies, shipping lines, bunker purchasing department, brokers, banks, financial institutions, oil companies, government agencies dealing with the marine and maritime industries, traders, operations staff of trading firms.

For more information on ‘Bunkering: Principles, Management & Operations’, please contact Admin@EnergyAsia.com or Sales@AugustEnergy.biz.