The second edition of “Destination Cochin 2015 – International Bunkering Conference”, hosted by Cochin Port Trust, is scheduled on May 15, 2015 at the Crowne Plaza here. The first bunkering conference, held on the same date last year, had brought together decision-makers from various bunker business houses across the country, who shared their insights and experience. The conference was attended by many senior business personalities from across the world.
The bunkering industry has been making strides at Cochin Port, stressed a release, growing further in an ecosystem of streamlined port operations, a supportive Customs regime and a favourable tax regime that permits floating storage, multiple shipment and rapid supplies on short notice, round-the-clock. The tax rates in vogue at Cochin are the lowest, with VAT @ 0.5 per cent for foreign-going vessels and @ 5 per cent for coastal vessels. Cochin is presently experiencing growth in volumes exceeding 20 per cent. The feedback of customers on the quality and the pricing of bunkers sourced at Cochin, from all the major suppliers, has been extremely encouraging, the release highlighted.
Cochin Port now hopes to build on these trends and leverage on its geo-strategic locational advantage on the international sea routes. The Port is preparing to emerge as India’s favourite bunkering outlet, and the most competitive among its South Asian counterparts, the release highlighted.
It is now offering a 100-acre SEZ at Puthuvypeen for accommodating the future growth potential of bunkering services.
One of the major highlights this year was Cochin Port undertaking a trial LNG bunkering on February 25, 2015, which is creditable considering that the US, too, did its first trial bunkering at Port Fourchon, Louisiana in the same month.
The 2nd Edition Bunkering Conference 2015 will review the progress made so far and brainstorm on concrete answers and action plan from the policymakers, government functionaries, decision-makers in the maritime industry, and all the stakeholders connected with bunkering.
Conference papers will be presented by Dr A. K. Balyan, MD and CEO, Petronet LNG Ltd; Mr C. Muraleedharan, Viswalab, Singapore; Mr Deepak Benny, Maritimus Consulting Pvt. Ltd, Singapore; Mr Manoj Tandon, Chemoil Adani; Mr Ashish Khanna, HPCL and Mr Himanshu Ranjan, IOCL. The speakers in the opening sessions include Mr S. C. Meshram, ED, IOCL; Mr Prasad Panicker, ED-BPCL-KR; Mr Harish Mehta, ED-HPCL; Capt. B. B. Sinha, Director, Shipping Corporation of India and Mr Paul Antony, Chairman of Cochin Port Trust.
The conference aims at being a catalyst in spurring the growth of bunkering in the country, thereby contributing significantly to the overall economy, the release emphasised.
This post was written by Atlantic Admin