HOME
 

Fundamentals of Bunker Supply, Demand, Pricing & Operations

Mennta Energy Solutions
Course summary
2 days
2,020 GBP
English
London
Open / Scheduled

Course description

Fundamentals of Bunker Supply, Demand, Pricing & Operations is a two-day instructor led course presented by the energy training experts at Mennta Energy Solutions. The bunker industry has become increasing challenging for all players. Residual fuel supplies are in decline as more and more of the oil barrel is cracked to produce lighter transportation fuels at a time when demand is rising again with the slow recovery in the global economy. The quality of bunker supplies has become an increasing issue and the lowering of sulphur limits in Emission Control Areas, effective 1 January 2015 will present an additional challenge to ship operators. Future pricing of bunker fuels also looks less certain following the decline in oil prices in the second half of 2014 raising the risks to both buyers and sellers.

This is an intensive two day course covering bunker fuel demand and supply, pricing, physical and paper trading, legislation, blending and testing for quality. Presentations by a team of experienced industry experts are combined with an exercise and case study as part of the training experience.

Suitability - Who should attend?

This course will be of interest to anyone involved in the planning, buying and selling of bunker fuels, physical and paper traders, brokers and ship operators – or participants whose organisations offer services to this industry.

Training Course Content

Bunker Fuel Supply

  • The nature of crude oil
  • Refining – capacity and fuel production                    
  • Fuel manufacture                                
  • Refinery upgrading                            
  • Future refinery operations                            

Bunker Fuel Demand

  • Sectorial fuel use                                
  • Regional fuel use                                
  • Future trends                                
  • Demand shifts                                
  • Demand and supply balances                                

Pricing

  • Fuel and the refinery economics
  • Specifications                                
  • Characteristics affecting price                
  • Pricing methodology                        
  • Price variations                        
  • Fuel cracks                            

Price Drivers

  • Fuel oil trading including blending and an overview of hedging, storage, arbitrage and spreads
  • The market participants                            
  • Physical trading                        
  • Derivative trading                        

Structural Changes

  • Bunker specification changes                            
  • Emission trading – overview                        
  • Future pricing – overview                            
  • Buyers strategy                                

Regulations and Standards

  • Impact of changes in specifications from 1 January, 2015
  • Alternatives – LNG bunkering, scrubbers
  • ISO 8271

Price Risk Management

  • Price risk management techniques                
  • Developing a bunker purchasing strategy what are the impacts for the suppliers                     

Metering and Claims Procedures

  • How does more accurate metering lead to better business        
  • When to mediate - when to arrest how to streamline claims procedures    

Bunkering Strategies for Ship Owners

Exercises and Cases Studies

  • Where and how much to bunker – a ‘real time’ exercise
  • Blending and Testing for Quality

Suitability

This course will be of interest to anyone involved in the planning, buying and selling of bunker fuels, physical and paper traders, brokers and ship operators – or participants whose organisations offer services to this industry.

Content

Bunker Fuel Supply

  • The nature of crude oil
  • Refining – capacity and fuel production                    
  • Fuel manufacture                                
  • Refinery upgrading                            
  • Future refinery operations                            

Bunker Fuel Demand

  • Sectorial fuel use                                
  • Regional fuel use                                
  • Future trends                                
  • Demand shifts                                
  • Demand and supply balances                                

Pricing

  • Fuel and the refinery economics
  • Specifications                                
  • Characteristics affecting price                
  • Pricing methodology                        
  • Price variations                        
  • Fuel cracks                            

Price Drivers

  • Fuel oil trading including blending and an overview of hedging, storage, arbitrage and spreads
  • The market participants                            
  • Physical trading                        
  • Derivative trading                        

Structural Changes

  • Bunker specification changes                            
  • Emission trading – overview                        
  • Future pricing – overview                            
  • Buyers strategy                                

Regulations and Standards

  • Impact of changes in specifications from 1 January, 2015
  • Alternatives – LNG bunkering, scrubbers
  • ISO 8271

Price Risk Management

  • Price risk management techniques                
  • Developing a bunker purchasing strategy what are the impacts for the suppliers                     

Metering and Claims Procedures

  • How does more accurate metering lead to better business        
  • When to mediate - when to arrest how to streamline claims procedures    

Bunkering Strategies for Ship Owners

Exercises and Cases Studies

  • Where and how much to bunker – a ‘real time’ exercise
  • Blending and Testing for Quality

About provider

Mennta Energy Solutions, formerly The Oxford Princeton Programme, addresses the knowledge gaps of energy professionals throughout the world with innovative and proven training techniques – instructor-led and online. The effectiveness of the training can be measured by the over 100,000...


Read more and show all courses with this provider

Request info

Fill out your details to find out more about Fundamentals of Bunker Supply, Demand, Pricing & Operations.

  Contact the provider

  Get more information

  Register your interest

Contact info

Mennta Energy Solutions

Oxford

 Show phone number
www.mennta.com


Request information

Find out more about this Fundamentals of Bunker Supply, Demand, Pricing & Operations course - simply fill out your details:

 
U.K. L&D Report: 2018 - Benchmark Your Workplace Learning Strategy

Are you curious about the L&D strategies of some of the U.K.'s top companies?

Find out what they're up to in findcourses.co.uk's second annual U.K. L&D Report!

uk-ld-report-2019

Learn more

 
Find a course for you!

  Read the course
 summary on this page

 Fill in your details and Request information

 Receive all the info you need

 
Find more courses here