INDEPENDENT INTELLIGENCE FOR THE GLOBAL BUNKER INDUSTRY www.bunkerspot.com Volume 8 Number 1 February / March 2011 Inside: • Shipping Markets • Bunker Metering • Emissions Monitoring • Education and Training • People and Places • News and Events READY FOR ACTION: Supplying the US Navy Contents NEWS Bunker Overview 4 Europe 8 Head Office: Americas 14 Petrospot Limited Africa and Mideast 18 Petrospot House Somerville Court Asia Pacific 22 Trinity Way Adderbury FEATURES Oxfordshire OX17 3SN England MARKET TRENDS Tel: +44 1295 81 44 55 Fax: +44 1295 81 44 66 Félix Yamasato of Lloyd’s List Intelligence looks at what 2011 holds in store for the Email:
[email protected] shipping industry 26 Website: www.bunkerspot.com Chris Thorpe of HCEnergy looks at the changing nature of the fuel market 28 Director - Publishing / Editor Ian Taylor BUNKERSPOT WORLD MAP Mob: +44 7876 70 45 41 Global prices and news at a glance 30 Email:
[email protected] Managing Director / Publisher FUEL PROCUREMENT Llewellyn Bankes-Hughes Susan Lowe, from DLA Energy Public Affairs, gives a status report on the US Mob: +44 7768 57 44 30 Government fuel card programme 32 Email:
[email protected] Associate Editor BUNKER HEDGING Lesley Bankes-Hughes Major oil consumers are feeling more optimistic and confident about hedging tools, Mob: +44 7815 57 86 43 argues Global Risk Management’s Morten Henriksen 36 Email:
[email protected] Advertising Sales Executive TECHNICAL ISSUES Steve Simpson Mob: +44 7800 75 52 78 Christopher Mills of TUV NEL looks at some of the considerations