Transparency in Shipping and Bunkering Forum 2023

11 September

Norton Rose Fulbright, London

As part of London International Shipping Week 2023

The Forum will see the launch of an Environment, Social and Governance (ESG) index specifically for shipping companies which is the result of independent academic research by two leading universities, the University of Plymouth and Kapodistrian University of Athens. The event will also consider if the marine fuels industry’s often rather opaque commercial and operations practices are really changing, particularly in the context of the bunker supply chain, compliance with environmental and national regulations, an increasingly complex sanctions framework, the growth of digitalisation and the industry’s role in shipping’s energy transition.

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Overview

Monday 11 September

Transparency in Shipping and Bunkering Forum programme

13:00-18:00 – Forum / 18:00-20:00 – Rooftop Reception

Standard Price: £75

1:00 pm

INTRODUCTION

Welcome to the Transparency in Shipping and Bunkering Forum
Lesley Bankes-Hughes, Publishing Director, Petrospot Ltd / Bunkerspot / ship.energy

2:00 pm - 4:00 pm

Part 1: Transparency in Shipping - how an ESG framework could help the industry

Aim of the event: The last three years the research team: Professor Theodore Syriopoulos, Dr. Stavros Karamperidis, Dr. Michael Tsatsaronis and Phd cand. Georgia Boura from two leading Universities, University of Plymouth (UK) and National and Kapodistrian University of Athens (Greece) has conducted independent academic research. Our research outcome is the development of an index which is specifically designed for measuring the ESG (Environment, Social and Governance) performance of shipping companies.

The index uses a robust methodology which was developed with the participation of various leading shipping ESG experts. The proposed index fills the gap that currently exists, as ESG reports provided from various companies are not comparable with each other but also there are not using the same data. Thus, our index will be able to harmonise the ESG reporting mechanisms for shipping and achieve an easy comparison and transparency.

13:00

Registration

14:00

Welcome to the Forum
Llewellyn Bankes-Hughes, Managing Director, Petrospot Limited

14:05

How to achieve IMO’s net-zero target
Roel Hoenders, Head of the Air Pollution and Energy Efficiency Section of the Marine Environment Division, IMO

14:20

How strategically important is decarbonisation for shipping?
Anne Katrine Bjerregaard, Head of Strategy & Sustainability, Zero Carbon Shipping

14:35

Business case of ESG in shipping (Panel)

Moderators:
Dr Stavros Karamperidis, Lecturer in Marine Economics, University of Plymouth
Dr Michael Tsatsaronis, Assistant Professor of Quantitative Methods in Shipping, National & Kapodistrian University of Athens

Panellists:
Andrew Stephens, Executive Director, Sustainable Shipping Initiative
Bev Mackenzie, Head of Intergovernmental Engagement, BIMCO
Gina Panayiotou ESG Manager, West of England P&I Club

15:15

How strategically important is ESG in shipping finance?
Paul Taylor, Global Head of Maritime Industries at Societe Generale and Vice Chair of the Poseidon Principles

15:30

Risks related to sustainability implementation in shipping: An Asian perspective
Andrew Ridgen Green, Partner at Stephenson Harwood

15:40

Launch of an ESG index for shipping
Dr Stavros Karamperidis, Lecturer in Marine Economics, University of Plymouth

15:55

Closing remarks
Dr Michael Tsatsaronis, Assistant Professor of Quantitative Methods in Shipping, National & Kapodistrian University of Athens

16:00

Networking Coffee Break

4:30 pm - 7:30 pm

Part 2: Transparency in Bunkering - commercial, regulatory and operational factors

This session will look at the issue of transparency as it is applied to the technical, operational and commercial elements of bunkering. Following a series of short presentations, panellists will discuss the pros and cons of bunker licensing and the use of mass flow meters for fuel deliveries, transparency in fuel quality and the digitalisation of the delivery process, including paperwork.

There will also be a focus on the credit and financial side of the bunker deal, looking at market behaviour and trends, the increasing need for closer scrutiny of counterparties and transparency in bunker pricing.

Speakers will also look at ESG reporting as it applies to marine fuel companies and, in summary, they will in consider if bunkering’s often rather opaque commercial and operational practices are really changing, particularly in the context of compliance with environmental and national regulations, an increasingly complex sanctions framework and the industry’s role in shipping’s energy transition.

16:30

Moderator:
Lesley Bankes Hughes, Director, Petrospot

Speakers:

Daniel Rose, CEO, Shipergy
Tyler Baron, CEO, Minerva Bunkering
Paul Millar, Credit Manager, Hartree Marine
Ruta Samant, Head of Strategy and Development, Ratings, Infospectrum
Steve Bee, Group Commercial & Business Development Director, VPS
Philip Roche, Partner, Norton Rose Fulbright LLP

17:55

Closing remarks
Llewellyn Bankes-Hughes, Managing Director, Petrospot

18:00-19:30

Networking drinks and canapés on the roof terrace