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dateline IBIA Seeks "Achievable" Ship Fuel Sulphur Targets The International Bunker Industry Association (IBIA) will continue to lobby regulators to set achievable ship fuel sulphur targets. Speaking at the association's seminar "Asian Growth: Global Recovery? How should London respond to the challenge?" at the Baltic Exchange during London International Shipping Week, former IBIA chairman Nigel Draffin outlined the key issues facing the bunkering sector. Noting that shipowners need to cope with the impact of European and North American Emission Control Areas from 2015 and the European adoption of a 0.5% sulphur limit from 2020, Nigel Draffin gave an overview of the alternatives to heavy fuel oil available to the industry. (See notes to editors below for further details). Looking at how the shipping industry is reacting to environmental legislative changes Nigel Draffin said: "Buyers will take the least cost route and suppliers will only respond to demand. Port authorities will look for competitive advantage whilst laboratories and surveyors will have to learn new skills. IBIA will continue to lobby and persuade regulators to set achievable targets and give us flexibility in how we meet those targets." According to IBIA, bunker fuel growth looks set to grow at about 1.5% per annum as China, Hong Kong and other Asian countries continue their growth in marine fuel sales. Whilst Singapore remains dominant in the supply of bunkers, other Asian countries are eating into its market share. However, bunker quality remains a big issue as suppliers look to reduce costs. Nigel Draffin predicted that all bunker growth will be in Asia, the Middle East and Africa whilst sales in the Mediterranean, Europe and South America will be flat and North America will shrink. London and the UK have seen a drop in the number of bunker brokers based there, but the former IBIA chairman noted that the city "remains the powerhouse of international shipping commerce, with an unrivalled core of technical, legal and commercial shipping expertise." The sell-out seminar was attended by Featured News IBIA seeks "achievable" ship fuel sulphur Targets CEO Joe Petrowski out at Cumberland Gulf August biodiesel production figures positioned for future growth," said Bentas. "In particular, we would like to thank Joe for his many contributions that have helped to bring us to where we are today and look forward to his continuing assistance as a strategic advisor in the future." EPA Announces August Biodiesel Production Figures OESP 2014 Road Show PPA Fall Energy Conference ECR announces several new additions to staff Fitch Fuel Catalyst announces recent report Standard Oil of CT's energy efficiency solutions 80 ship owners and bunker industry professionals. CEO Joe Petrowski Out at Cumberland Gulf In a surprise move, Cumberland Gulf Group CEO Joe Petrowski stepped down on Oct. 1, 2013. He was replaced by Chairman Lily Bentas who will be serving as Interim CEO. Petrowski is said to have been retained as a strategic advisor to management and the board of directors. Petrowski, during his various leadership positions in the past eight years, has overseen Gulf's dramatic expansion in both gallons moved and its retail footprint. On the Cumberland side, the store operations have roughly tripled in profitability. The Cumberland Gulf Group is a family operated business and Bentas (a daughter of the company's founders) previously served as CEO from 1991 to 2008. Filling out the leadership are Ari Haseotes, Chief Operating Officer of the Cumberland Gulf Group and President of Cumberland Farms, as well as Ron Sabia, Executive Vice President of the Cumberland Gulf Group and President of Gulf Oil. "This change comes at an exciting time for our organization. Thanks to thousands of dedicated team members throughout The Cumberland Gulf Group, we continue to achieve a high level of success and are well The EPA recently reported 148 million gallons of biodiesel production for the month of August, putting year-to-date volume at a record pace of nearly 916 million gallons. With more than 1 billion gallons of production in each of the past two years, biodiesel is the first EPA-designated Advanced Biofuel to reach commercial-scale production nationwide. The industry has surpassed RFS targets since the program began and is on track to do so again this year. The production volumes are reported under the Biomass-based Diesel category of the RFS. To view the figures, visit the EPA's website here. The monthly numbers show a total of more than 177 million gallons of Biomass-based Diesel in August. That total includes nearly 30 million gallons of renewable diesel, a similar diesel replacement made with the same resources but using a different technology. For the year, biodiesel and renewable diesel together have already exceeded 1 billion gallons, with nearly 1.1 billion gallons total. Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel is produced in nearly every state in the country and supports some 50,000 jobs. The National Biodiesel Board is the U.S. biodiesel trade association. For more details on biodiesel's benefits, visit biodiesel.org. Mark Your Calendar for the OESP 2014 Road Show OESP, the National Association of Oil and Energy Service Professionals, invites you to mark your calendar for the OESP Road Show events in 2014. The first event will take place at Mohegan Sun in Connecticut from May 12-13, 2014 and the second event will be held in Gettysburg, PA at the Wyndham Hotel from September 21-23, 2014. "The OESP Road Show is an exciting new www.fueloilnews.com | FUEL OIL NEWS | OCTOBER 2013 3