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Asian Regional Panel 18 September 2007 Tokyo INTERTANKO ISSUES

Asian Regional Panel 18 September 2007 Tokyo INTERTANKO ISSUES. Peter M. Swift. INTERTANKO Today. Promote & protect the interests of our members Provide information and services Assist with advice

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Asian Regional Panel 18 September 2007 Tokyo INTERTANKO ISSUES

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  1. Asian Regional Panel18 September 2007TokyoINTERTANKO ISSUES Peter M. Swift

  2. INTERTANKO Today Promote & protect the interests of our members Provide information and services Assist with advice VISION: A responsible, sustainable, respected Tanker Industry, committed to continuous improvement and constructively influencing its future.

  3. Key issues for Tanker Owners / INTERTANKO Business environment Legislative developments & Global governance Environmental issues The “manning” challenges

  4. Asian Regional Panel Business Environment

  5. Tanker fleet development m dwt No Assumptions for period until 2009: Scheduled phase out for the period: 15.5 m dwt including 4.2 m dwt that should already have been phased out earlier than 2007 Assumed removals 2007 – 2009: 29 m dwt (including conversion + other demolition)

  6. Record ordering - despite high prices (mdwt) 80 70 1993 and earlier sizes except 60 Handy VLCCs were defined differently Chem/Spec) 50 Panamaxes 40 Aframaxes 30 Suezmaxes VLCCs 20 10 0 1998 1990 2006 2000 2001 1988 1989 1991 1992 1994 1995 1996 1997 1999 2002 2003 2004 1993 2005

  7. Demolition: slowed in recent years(mdwt) 30 Others/NK Bangladesh 25 Pakistan India 20 Taiwan 15 Korea China 10 5 0 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

  8. Average age steadily reducing (tankers above 10,000 dwt) 16 14 12 10 8 6 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 Years

  9. Double-hull percentage rising steadily 100 15 18 21 24 27 32 33 % dwt share* : 80 41 49 SH/DB/DS 78 60 94 DH 85 82 40 79 76 * Assumes 73 68 67 phase out 59 51 according to 20 regulations 22 (rounded 6 upwards, 25 0 years after 2010 1991 1997 End 06 End 10 End 03 End 04 End 05 End 07 End 08 End 09 End 02 . %

  10. Asian Regional Panel Business Environment Possible Business Discontinuities

  11. (Single Hull) Tanker Phase Out- an “uncertainty” post 2010 70 MARPOL (min phase out - trading of SH 60 until 25 years) EU + no SH after 2010 50 OPA90 40 30 20 10 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 m dwt Assumptions : MARPOL phase out allows for trading until the age of 25 years old, max 2015 The EU alternative does not allow SH trading after 2010. DB/DS can trade until the age of 25 years old, but here cut off 2015

  12. Conversions to Double Hulla further “uncertainty”

  13. Panama Canal Expansion Completion 2014 New Dimensions for third lane: 49 metres (160 ft) Beam 366 metres (1,200 ft) LOA 15 metres (50 ft) Draught Up to about 170,000 DWT (12,000 TEU) Tankers 5/2007: 5/2008: 5/2009: Laden $3.29 $3.70 $3.98 Ballast $2.61 $2,94 $3.18 (based on 1st 10,000 PC/UMS net tonnage)

  14. Asian Regional Panel Legislative Developments & Global Governance

  15. Global Governance - or confusion !

  16. The ideal: International legislation – implemented promptly and uniformly applied (and in US at least supremacy of federal law) Consistency with International Law Uniform standards in flags, class and port state control (even charterers !) Global Governance

  17. Unilateralism (actual and potential): Liability regimes (and limitation of liability) Ship Source Pollution Directive Tanker Phase-out Security regimes Environmental issues – ballast water, air emissions, recycling Global Governance

  18. WHO GOVERNS SHIPPING ? INTERNATIONAL CONVENTIONS INTERNATIONAL SHIPPING COMMUNITY INTERESTS - LOCAL LAWS / REGULATIONS REGIONAL REGULATIONS

  19. Who governs Shipping ?- Environmental pressures INTERNATIONAL CONVENTIONS MARPOL Annex VI • COMMUNITY INTERESTS • LOCAL LAWS / REGULATIONS • California, • West Coast/Canadian Ports, • Rotterdam, Antwerp, • Helsinborg, • Other INTERNATIONAL SHIPPING REGIONAL REGULATIONS EU / USA (EPA)

  20. Federal / State Law pre-emptions Historically: • State of Washington Currently: • Massachusetts • Ballast Water discharges (EPA) • California Air Resources Board Air Emission Standards

  21. Asian Regional Panel Environmental issues

  22. Key environmental challenges: Ballast Water Management Pollution of the Oceans Responsible Recycling Anti-fouling paints Atmospheric Pollution (in port and at sea) / Air Emissions (global climate change)

  23. Asian Regional Panel The “manning” challenges

  24. The “Manning” Challenges • Current and future shortages • Quality gap (training and experience) • ILO 180 / MLC implementation • Charterers’ requirements difficult to fulfil

  25. RESPONSE to the many “Manning” Challenges Includes: • Human Element in shipping Committee • Tanker Officer Training Standards (TOTS) • Cadet Berths – Survey & Policy • STCW revision / IMO Human Element Committee • Image of industry (knowledge & awareness)

  26. Reported tanker incidents reducing –until 2005/6 (with Human error cases increasing) 1000 800 420 600 War 336 H & M 252 400 F & E 168 Grounding 84 Collis. 200 Misc 0 00 01 02 03 04 05 06 0 78 79 80 81 82 83 84 85 87 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 06 86 88 05 Number

  27. Tanker incidents 2006 by type

  28. Asian Regional Panel Other Issues

  29. ILAMA / INTERTANKO / INTERCARGOJOINT FEEDBACK FORUM LIFEBOAT USER GROUP ILAMA, INTERTANKO and INTERCARGO have launched a joint feedback forum where end-users (crews) of lifeboats and other Life Saving Appliance (LSA) equipment can comment on how effective such equipment is and how efficiently it functions. The aim of the forum is to produce feedback and input to the manufacturers, which will help to improve design of life saving equipment and thereby enhance safety in the industry, taking a crucial step towards achieving the goal of zero fatalities. E-mails (which may be anonymous) will initially be channelled through INTERTANKO, noted and processed in the strictest confidence, and then directed on to ILAMA for action. PLEASE INFORM US OF YOUR CONCERNS email : lifeboats@intertanko.com

  30. Poseidon Challenge- commitment to continuous improvement- commitment to working with all partners

  31. Poseidon Challenge –Istanbul, April 2008

  32. Shipping is more than ships moving around the world; it’s about people and passion it’s about expertise and commitment www.maritimefoundation.com

  33. mikcThe Maritime Industry Knowledge Centre Directory Dictionary Events Careers eLibrary Useful Links Contact us Refined Search At the heart of the Foundation is the Maritime Industry Knowledge Centre designed to help the visitor make sense of the complex world of shipping, letting them see the business in a new light. DIRECTORY: Find our ready-to-digest guides to the different sectors DICTIONARY: Find out the meaning of a word or phase used in shipping EVENTS: Find up-to-the minute conference listings CAREERS: Check out the wide-ranging job opportunities available in the maritime industry SEARCH: If you know exactly what you are looking for, just enter your keyword (s) Enjoy your journey! Who makes the rules? Owning and operating a ship A Ship’s Life When the ship comes to shore Different ships, different cargoes The human element

  34. THANK YOU For more information, please visit: www.intertanko.com www.shippingfacts.com www.maritimefoundation.com

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