IMO 2020 : Challenges and Opportunities

The International Maritime Organization (IMO) is implementing a global sulphur cap for marine fuels that will have a significant impact on shipping and commodity markets. On January 1st 2020, ships

will have to use marine fuels with a sulphur content of no more than 0.50% against the current limit of 3.5% in order to reduce the amount of sulphur oxide. Shipowners have several options to comply with the new regulations. But all these solutions imply higher freight rates.

How would this affect commodity flows? Would this be a catalyst for a global recession? How the switch to low sulphur fuels will affect the oil market and flows?

CTA plans to cover these topics at our annual conference on Thursday October 31st with representatives of the shipping and trading industry.

Important: If you wish to pay directly to CTA and receive an invoice, please send an email to :



Chartering Manager at Giuseppe Bottiglieri

Born in 1978, Mariella Bottiglieri belongs to a family active in the shipping business since 1850. She spent the age from six to thirteen in Athens, Greece, where her father had moved his shipping company since 1976. After getting her Bachelor of Science in Economics and Maritime Business, she has been working for H. Clarksons Ltd London as a tanker broker in the clean petroleum products department. While working, she got a Master in Economics, Law and Maritime Politics (Rome, 2001), a Master in Shipbroking and Chartering (London 2002) and a Master in Ship Management (London, 2004).

In September 2004, Mariella joined the Family Company in Italy as Managing Director and Chartering Manager, becoming one of the youngest female top managers in the Italian shipping industry. From 2005 to 2010 she’s been Board Member of the Confitarma Young Shipowners’ Association in Rome. In October 2005 she was elected Board Member of Wista Italy (Women’s International Shipping and Trading Association) and in 2009 she joins Wista UK and for 2016-2018 she was Vice President of Wista Switzerland. In April 2006 she joins AIDDA, the World Association of Women Entrepreneurs. In June 2006 Mariella was elected Director of the UK Defence Club based in London. From 2012 to 2016, she’s been Vice Chairman of Unione Industriali di Napoli, the Italian Entrepreneurs Confederation.

Head of West Africa and Bunker Trading at Oryx Energies

With its 18 years of experience in oil trading, Eric now heads the West Africa trading and bunkering business in Geneva for Addax Energy SA. Eric has previously worked as distillates trader in different trading companies for business in Europe and West Africa. He joined Addax 6 years ago and now manages a team of 8 traders.
In its bunkering department, Addax sells marine fuel in Africa and from its terminal in Las Palmas. Addax Energy SA is since more than 30 years one of the most prominent supplier in Africa.
Eric holds a master degree in finance markets from Marseille university.

Director of Refining at Gunvor

Dedicated and experienced General Manager, with over 28 years of positive development and implementation of organisational restructuring initiatives, negotiations, and operations management. Proven ability to execute long-term strategic planning, with a strong technical background and specialised experience in oil refinery management and petrochemical operations. Team leader with a track record of diverse training and development initiatives, highly beneficial process improvements, cost savings and production optimisation.

Partner in Eversheds Sutherland’s New York office

David provides legal counsel to many of the world’s largest commodity traders, refiners, integrated oil companies and shipping companies on regulatory compliance, commercial agreements and in litigation.  David has been at the forefront of most of the key regulatory developments impacting the refined product industry over the past decade, both in the United States and globally, including renewable fuel mandates, exporting crude oil and most recently IMO 2020 under MARPOL Annex VI.  He is currently representing a number of companies prepare for implementation of IMO 2020.  He has represented dozens of clients in enforcement actions brought by the U.S. Environmental Protection Agency, the U.S. Coast Guard and the U.S. Customs and Border Protection—the agencies charged with enforcing IMO 2020 in the United States.  He has also represented international shipping companies in enforcement proceedings brought by US authorities for potential violations of other MARPOL Annexes, including Annex I and II.

Vice President & Head of Research & Analytics, IHS Maritime & Trade

Based in Singapore, Rahul Kapoor leads IHS Maritime & Trade research and analytics team. A subject matter expert in shipping with a wealth of global experience in the maritime industry and financial markets, Rahul is a thought leader in the industrial, maritime and commodity sectors with proven credentials and a demonstrated track record in market analysis & forecasting, shipping economics and commodity market developments. Rahul is a regular speaker at major conferences and client events globally, and has been frequently interviewed by the media on developments in the maritime sector. Most recently, Rahul was at Bloomberg Intelligence and earlier headed Drewry Financial Research Services Ltd. He has also worked as senior equities analyst at RS Platou Markets and Nomura covering global shipping.
Rahul holds a Bachelor of Science in Marine Engineering from BITS, Pilani and a Postgraduate in Management from IMI, New Delhi, India.


Richard WATTS
Founder & Managing Director at HR Maritime

Richard has extensive experience in all areas of shipping, trading, insurance, finance and legal matters. Richard started his career in Trading in 2000 working for two of the leading independent Rice Trading companies. During this time Richard worked in various sectors of the business including contract execution; legal, insurance and shipping (time charter and voyage). In 2008 Richard created HR Maritime, based in Geneva to provide bespoke professional services to the trading and shipping community. At the same time, Richard became a Fellow of ICS (The Institute of Chartered Shipbrokers). HR Maritime’s services cover a wide range of areas from pure consulting to providing outsourcing and integrating insurance solutions. Richard also provides a extensive training courses both through institutions and directly to companies involved in Commodity Trading. HR Maritime’s full range of services can be found at


    • 6:00 pm – Registration
    • 6:30 pm – Introduction
    • 6:45 pm – Conference and Q&A
    • 8:00 pm – Networking Cocktail & Sponsors Sponsors
    • 10:00 pm – End of Networking Cocktail


The conference will take place in the Forum Genève, Credit Suisse.


Forum Genève, Credit Suisse
Rue de Lausanne 11-19



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