Vessel Performance Optimisation Forum Singapore
9 October 2018
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The Vessel Performance Optimisation Forum Singapore

Higher fuel prices, tighter regulation, and a commitment to a greener future are changing the way the shipping industry does business. Greater insight into vessel performance is available through high-tech monitoring systems and digital twins, but it is vital to understand why a parameter is being monitored and what the data shows in order to adjust a vessel’s operation to make it more efficient and attractive to charterers.

The 2020 sulphur-in-fuel oil cap brings new challenges. Largely, the availability of fuel and the consequences to shipowners and operators if obtaining compliant fuel is not possible. With more fuel blends available to meet the 0.5 per cent limit, no two ports will supply the exact same composition of fuel. Even a slight change in quality between fuels can lead to substantial issues with engine performance and breakdown, as the recent problem in the US Gulf illustrates. The industry needs clarity on which fuels will be available and where they will be to make decisions now for 2020.

Ships may choose to retrofit scrubbers or covert to LNG to avoid the problem of low sulphur fuel availability. They require larger CAPEX investments, but OPEX may be lower as low sulphur fuel costs are expected to rise. Shipowners and operators must weigh up the options and understand which investments make financial sense and what financial assistance they may be able to obtain.

VPO Singapore 2018 will consist of three key sessions to identify and discuss the approaches to better ship performance through monitoring, fuel management, and financing technologies for change.

Confirmed speakers:

Mike KonstantinidisMike Konstantinidis
Co-Founder and CEO at
METIS Cyberspace Technology SA.
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Mechanical Engineer (BSc, MSc), having gained a broad range of skills for over the years, heavily focused to the Maritime Sector. Holding over 25 years of insightful experience in Corporate Governance, Project Management, Sales & Marketing, Mergers and Acquisitions, Change Management and International Business Development with wide range of business and industry verticals. 

Effective communicator, with ability to accomplish marketing plans improving brand awareness, designed and executed operational plans and business strategy creating revenue and profitability growth, with emphasis on sustainability.

METIS Cyberspace Technology is specialized in the fields of Electronics Engineering, IoT, Cloud Computing and Artificial Intelligence, adapted to the specific requirements of Global Maritime. METIS brings to the maritime market the ultimate ship performance management solution for Wireless Data Acquisition and real-time Diagnosis and Prediction of fleet performance.

METIS incorporates fully automated, accurate and reliable Data Acquisition combined with Cyber cloud-based Agents analyzing operational or engineering processes and providing useful feedback in the form of analysis conclusions and events detection.

METIS Agents are highly experienced Virtual Personal Assistants, work restlessly 365/24/7 and inform automatically the appropriate employee in the most proper way.

Chris TurnerChris Turner
Manager Bunker Quality and Claims at
Integr8 Fuels
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Biography pending.

Sammy SixSammy Six
marine fuels pricing analyst
Argus Media
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Sammy Six is a price reporter at Argus Media in Singapore covering delivered bunkers in Asia-Pacific. Before joining Argus Media, he was an oil market analyst at Platts in Singapore, KAPSARC in Riyadh and Clingendael Energy in The Hague. Sammy holds Master degrees in Political Science and American Studies from Universities in Belgium.

Avinash KadamAvinash Kadam
managing director
RK Marine Consultancy
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Avinash is a senior Leader with 32 years of experience in the Marine Industry and is well versed in Ship Operations and Management. Having served as Technical Director with Maersk Tankers, Managing Director of Brostrom Tankers and Global Technical & Procurement Director with BSM. Avinash is presently heading ARK Marine Consultancy a company delivering Innovative Technological and Environmental solutions to the Marine industry as consultants and Project Managers. A Marine Engineer with a global cross functional overview of the industry from a Technical, Commercial, Operations, Business Development and Asset Owning/Managing perspective. Avinash has delivered successful presentations at previous industry events on topics like:
Emission Control Presentation at Bunkering Asia
Tanker Fundamentals - quoted in Lloyds list
Slow Speed Steaming and its impact on the shipping industry
Participated in a panel discussion on the impact of Low Sulphur and ECA regulations on Ship Owners and Managers - Quoted in Fairplay

Geir BakkelundGeir Bakkelund
head of shipping asset finance Asia
National Australia Bank
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Biography pending.

Rajat SaxenaRajat Saxena
manager performance & efficiency
Epic Gas
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Biography pending.

Sessions:

Session 1:
Monitoring and management for performance gains

Monitoring a vessel is essential to acquiring information about a vessel’s operation. Uncertainty on fuel availability and cost post 2020 sulphur cap means that it is vital for shipowners and operators to understand how to monitor for efficiency and regulatory compliance.

This opening session will look at how the monitoring of vessels is advancing, how new data is being generated, and how the industry is learning to understand and use this data to calculate fuel savings and improve vessel performance.

Session 2:
Fuel management and bunkering for 2020 compliance

With a cap on sulphur in fuel oil to enter into force in 2020, there is pressure on suppliers to ensure compliant fuels are available worldwide and pressure on owners and operators to obtain this fuel in good time. There is a risk of incompatibility when bunkering from different ports around the globe and the recent problems in the US Gulf with machine damage and breakdown due to contaminated fuel has raised this concern further.

This second session will look at the fuel availability market in 2020 and ask the question, will oil suppliers be able to meet the demand for low sulphur and ultra-low sulphur fuel? If this fuel is not available and ship operators cannot comply, will the IMO penalise them?

The session will also discuss the option for alternative fuels, particularly LNG. While it is evident that LNG is gaining ground as a marine fuel, predictions from recent industry reports suggest marine scrubbers and low-sulphur fuel blends will be the primary compliance options. The session will address whether LNG will be a short or long-term strategy, and what the long-term outlook for alternative fuels like biofuel and methanol is.

Session 3:
Investing for fuel efficiency

Rising fuel prices and tighter regulation means that fuel efficiency is imperative. However, technologies to improve efficiency and reduce emissions are expensive, while the retrofit process and additional training crew will need to undertake to operate them requires further financial investment.

This last session of the day will look at the options available for financing fuel efficient and compliant ships, and discuss the cost vs benefit of retrofitting a scrubber, using low sulphur fuel, or converting a vessel to LNG – the three predominant strategies for 2020 compliance.

The session will also address whether the financial infrastructure needs to change to support a fuels and emissions focussed shipping industry.

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Platinum sponsor
MMG The Propeller
Gold sponsors
METIS CYBERTECHNOLOGY StormGeo
Silver sponsor
VAF INSTRUMENTS
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COACH SOLUTIONS
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