KPI OceanConnect on Thursday (20 October) said collaboration, transparency and building trust will be key drivers for success in view of increased regulation and pressure on the shipping industry to decarbonise and operate more sustainably that is rapidly transforming the marine fuel supply chain.

During Maritime Energy Transition Symposium 2022 at SIBCON 2022, discussions were held on how the maritime industry is transforming and how to make positive strides to create a more sustainable future.

More than 60 participants from various shipping segments joined the firm and its industry experts to share knowledge and learn about the latest environmental regulations, as well as pathways to initiating decarbonisation in the short-term, and develop long-term future fuel strategies.

In the opening address, CEO Anders Grønborg took to the stage to talk about the current marine fuels landscape and KPI OceanConnect’s position as a financially strong partner with a global presence. 

“This position has recently been reinforced with the recent development of Bunker Holding’s Global Accounts unit becoming part of KPI OceanConnect,” the firm said. 

“This move further increases our capabilities to work in real partnership with our clients, providing expert and innovative counsel on how their businesses are being impacted by the market dynamics and working with them to implement solutions that are right for their operations.”

Joining the symposium to share their thoughts and opinions on the shipping industry’s decarbonisation journey were fellow sector leaders Eirik Nyhus, Director of Environment and Martin Christian Wold, Principal Consultant at DNV GL, as well as Sverre Bjorn Svenning, Director of Maritime Research at Fearnleys AS and Ed Glossop, Head of Sustainable Operations at Bunker Holding Group.

Each speaker presented various elements of the marine energy transition to share insights with the group. Eirik provided an overview of the regulatory pathway for shipping, including the emerging legalisation from both the International Maritime Organization and European Union level. 

Sverre spoke about the developments of technical solutions for the decarbonisation of shipping, and the measures ship owners and operators should be considering for their fleet. Martin delivered a presentation on the road to 2050, using key findings from the DNV Maritime Energy Outlook to 2050. Ed concluded the symposium by sharing insights into KPI OceanConnect’s recent developments and positioning to support our customers and the wider market through the energy transition.

Alongside increased regulation, there was widespread agreement that the main drivers for decarbonisation include significant pressures from the financial community, cargo owners and charterers, who are all demanding more transparent and sustainable supply chains.

And while zero-carbon sources of energy (as well as more efficient vessels) is central to delivering this, owners and operators need to act now in developing pathways to decarbonisation. 

Achieving this will require collaboration and having the right partners to support the development of the most effective and impactful fuel and energy procurement strategy for both now and the long-term. 

“This is where KPI OceanConnect excels. We are confident that with our knowledge and experience, we will help all our current and future customers manage the complexities of the industry’s energy transition,” the company said. 

Related: Bunker Holding’s key account management unit BOGA and KPI OceanConnect to join forces

Manifold Times is an official media partner of SIBCON 2022; a series of articles related to the event written by the Singapore bunkering publication are as follows:

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Photo credit: KPI OceanConnect
Published: 25 October, 2022