BP Marine to Cease Cyprus Bunker Ops
BP Marine is to close its bunkering operation in Cyprus as a result of sales failing to deliver on expectations. BP Marine first moved into the Cyprus marine fuels market in February 2005 in anticipation of increased shipping activity following the country’s entry to the EU the previous year. This, however, did not materialise and the bunkering market has in fact shrunk as economies and trade continued to be adversely affected by ongoing regional conflicts. Parris Beverly, managing director of BP Marine Fuels, says: “Over the course of the last three years we have made every effort to stimulate business in Cyprus, but ultimately there has been no significant change.
BP Marine Hosts Enviro Conference
As debate runs high around how best to prepare for impending environmental legislation, industry thought-leaders and shipping engineers are preparing to gather in Asia to share experiences and debate the way forward. Following the success of last year’s Winds of Change event in Copenhagen, BP Marine is hosting nearly 80 representatives from Asia Pacific-based shipping companies at two similar technical conferences next month. Taking place in Singapore on 13th March and Hong Kong on 16th March, the events will feature keynote addresses on current oil market trends, environmental legislation, abatement technologies and low sulphur fuel oil challenges.