RINA / IMarEST, Isle of Man TANKER SHIPPING TODAY 12 January 2010 - PowerPoint PPT Presentation

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RINA / IMarEST, Isle of Man TANKER SHIPPING TODAY 12 January 2010

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CATHAY. DONGOLA. MANDALAY. GUADALUPE VICTORIA II. Year . Max (EU) 60-79,999. ... Pacific Alliance. Ratna Shalini. Sea Cat. Zhen Hua 28. Tanker to be converted to ... – PowerPoint PPT presentation

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Title: RINA / IMarEST, Isle of Man TANKER SHIPPING TODAY 12 January 2010


1
RINA / IMarEST, Isle of Man TANKER SHIPPING
TODAY12 January 2010
  • Peter M Swift,
  • MD INTERTANKO

2
TANKER SHIPPING TODAY
  • INTERTANKO
  • Oil shipping
  • Tanker Industry Today and recent performance
  • Key Issues
  • Financial Crisis and tanker markets
  • Information Sharing

3
INTERTANKO Today
  • 260 members operating ca. 3,100 ships
  • gt 75 of the independent oil tanker fleet and gt
    85 of the chemical carrier fleet
  • 330 associate members
  • in oil and chemical tanker related businesses
  • 15 Committees 5 Regional Panels
  • Principal Offices London and Oslo
  • Representative Offices in US, Asia and Brussels
  • Observer Status at IMO, IOPC, OECD and UNCTAD
  • International Association of Independent Tanker
    Owners

4
Who am I ?
One of the Rogues of the Oil Tanker Industry
SHIP OWNER
OIL COMPANY
SPOKESMAN
5
Global dependence on oil tanker transportation
World Oil Consumption 3.8 billion ts Transported
by sea 2.4 billion ts gt 60 transported by sea
6
The Tanker Industry Today
  • Tanker Industrys Goals
  • are aligned to those of the IMO
  • Safe and secure
  • Environmentally responsible
  • Reliable
  • Efficient (Low cost)

7
Investment in New Tonnage - Move to Double Hulls
  • More than USD 500 billion invested since 2000
    with the result that 95 of tanker fleet double
    hulled by end 2010
  • over 10,000 dwt

8
Average age of tanker fleet above 10,000 dwt
Average Age - Years
Based on LRFairplay
9
Tanker Incidents and accidental pollution
Number incidents
Based on data from LMIU, ITOPF others
10
Accidental oil pollution from tankers
1000 ts spilt
1000 bn tonne miles trade
Based on ITOPF/Fearnleys
11
Oil price and freight rate real and nominal
USD per barrel
12
Tanker Shippings GREEN Credentials
  • This car, weighing one tonne, uses 1 litre of
    fuel to move 20 kms
  • This oil tanker uses 1 litre of fuel to move one
    tonne of cargo 2,500 kms
  • more than twice as far as 20 years ago

13
Tanker Industry is accustomed to being under the
spotlight
  • Watched by
  • Regulators
  • Politicians
  • Public
  • Licences to trade rigorously applied by
  • Flag states
  • Classification Societies
  • Insurers
  • Charterers
  • Monitored by
  • Coastal and Port states

14
Key Issues for Tanker Owners Today
  • Establishing and maintaining an international
    framework of consistent regulations and
    standards
  • Delivering best environmental performance
  • Ensuring availability of good people (and quality
    ships)
  • Ensuring welfare and well-being of ships crews
  • Meeting the challenges of Piracy
  • Surviving the financial crisis
  • Sharing Information

15
Establishing an international framework of
consistent regulations and standards
  • Shipowners supporting
  • International rather than unilateral legislation
  • Ratification of IMO (and ILO) Conventions
  • IMO Member State Audit scheme (Flag Coastal
    States)
  • Harmonisation and uniformity across Port State
    Control regimes
  • Development and Application of Common Structural
    Rules for Tankers
  • Classification societies procedural
    requirements, unified requirements and unified
    interpretations
  • Greater uniformity in chartering practices and
    standards

16
Delivering best environmental performance
  • Air emissions
  • - Green House Gases
  • - Exhaust Gas emissions (Annex VI its
    revisions)
  • - VOC emissions
  • Spill Prevention and Response Planning
  • Ballast Water management
  • Biofouling
  • Antifouling systems
  • Ship Recycling
  • Port Reception Facilities (adequacy
    affordability)
  • Waste management (onboard and ashore)
  • Radiated Noise pollution
  • Cetacean strikes

17
Ensuring availability of good people -
recruitment, training and retention
  • Both a quantity and quality challenge
    !
  • Recruitment initiatives covering
  • Raising awareness of the industry
  • - www.maritimefoundation.com and Careers
    outreach programme
  • - www.shippingfacts.com
  • - www.careers-at-sea.org and DVD Careers in
    International Shipping
  • - www.bimco.org/Corporate20Area/Seascapes.aspx
  • Attracting entrants to the Maritime Professions
    (IMO Go to Sea and other industry campaigns)

Human Resources are respected as an asset, not
treated as a cost !
18
Ensuring availability of good people -
recruitment, training and retention
  • Both a quantity and quality challenge !
  • Training and retention initiatives covering
  • Provision of Cadet berths and training facilities
    on ALL new ships and maximum utilisation of cadet
    berths on existing ships
  • Revision of STCW Convention
  • Development of Tanker Officer Training Standards
    (TOTS), covering proficiency and experience, as
    the industry standard
  • Establishment of Seafarer Focus Groups to provide
    feedback of experiences

19
Ensuring welfare and well-being of ships crews
  • Initiatives covering
  • Unjustified criminalisation
  • Support for IMO-ILO guidelines on Fair Treatment
    of Seafarers (in event of Maritime Accident)
  • Improved conditions for shore leave and access
  • Reduction in number of inspections
  • Less bureaucracy and associated paperwork
  • Guidelines for safe handling of cargoes and
    fuels, tank cleaning and entry
  • Greater clarity in Operating Manuals
  • Guidelines on implementing ILO Convention on
    work and rest hours
  • Higher standards of accommodation as industry
    norms (including e.g. broadband, etc.)

20
Meeting the challenges of Piracy
A problem in many regions, including South China
Sea, Somali Basin and Gulf of Aden, Gulf of
Guinea and South America !
  • Gulf of Aden / Somali Basin Guidance
  • Register Company and Ship with MSCHOA
  • Plan for Transit
  • Following Best Management Practices (V2)
  • Report regularly to UKMTO Dubai (or MARLO)

21
Meeting the challenges through commitment to-
continuous improvement- working with all partners
22
Acting together- examples
  • Pilotage in international straits as per IMO
    recommendations
  • Development of a Marine Electronic Highway
  • Establishment of a lifeboat user group with
    manufacturers to seek remedies for shortcomings
  • Campaign to ensure availability of safety-related
    information on the characteristics of dangerous
    cargoes
  • Development of Incident Information exchanges
  • Development of guidelines on tanker maintenance
    and repair procedures

23
Surviving the financial crisis !
  • Demand World oil trade
  • Supply Ships on Order Fleet development
  • Shipbuilding capacity
  • Tanker market

24
World Trade GDP
Source Clarksons (September 2009)
25
World Oil Demand vs. GDP
Source Clarksons (September 2009)
26
Seaborne Crude Imports
Source Clarksons (September 2009)
27
Total Oil Products Imports
Source Clarksons (September 2009)
28
Orderbook Development (All ship types)
Source Clarksons (September 2009)
29
Tanker Fleet Development
Source Clarksons (September 2009)
30
Orderbook by ship type(as existing fleet)
Source Clarksons (September 2009)
31
Shipbuilding output and forecast
m cgt
Source Worldyards/INTERTANKO Aug 09
32
Shipbuilding output potential
m cgt
Worldwide estimates in m cgt - small and big
ships (Aug 09)
Source Worldyards/INTERTANKO Aug 09
33
Shipyard output potential - surplus
  • Implications ?
  • Distressed sales / lower prices
  • Quality and standards maintained or weakened
  • Pressure on suppliers and sub-contractors
  • Greater customer focus customisation
  • and government interventions ?

34
Average tanker freight rates (based on Baltic
Exchange rates)
USD/day
Source Baltic Exchange/INTERTANKO
35
Tanker sales for demolitionand VLCC freight rate
USD / day
m dwt
  • Until week ending 4 September
  • Sales for demolition until 4 September
  • Clarkson Freight rate AG-Japan week ending 4
    September

Source INTERTANKO
36
Tanker deliveries, removals, max phase-out All
tankers gt 25,000 dwt
m dwt
Assumed balanced market end 2008
37
Lower Freight Rates Fleet surpluses
  • Implications ?
  • Challenge to maintain quality and standards
  • Challenge to meet the issues of the day

38
Sharing information Accidents, incidents and
near-misses
  • Ideally this should involve all stakeholders
  • Owners
  • Builders
  • Classification Societies
  • Insurers
  • Administrations (Flags)
  • IMO
  • Maximising feedback, learning lessons and
    preventing re-occurrence

39
Tanker Incidents and accidental pollution
Number incidents
Based on data from LMIU, ITOPF others
40
Sharing Information Tanker incidents in 2009
Based on data from LMIU others
41
Tanker hull machinery incidents
Number of MACHINERY incidents
Based on data from LMIU, ITOPF others
42
Thank you Gura mie eu For more information,
please visit www.intertanko.com
www.maritimefoundation.com www.poseidonchallenge.
com www.shippingfacts.com
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