“TANKERS TODAY” The Propeller Club, London 21 April 2004 Anders Baardvik, Executive Manager
- The International Association of Independent Tanker Owners -
Some figures… 227 Members 2,198 tankers 165 million dwt 37 countries 70% of independent fleet 271 Associate Members INTERTANKO Membership
25 Strong Secretariat Managing Director, Dr. Peter M. Swift London, Oslo, Washington & Singapore 14 Committees and Working Groups and 4 Regional Panels 60 Work Items on the Agenda INTERTANKO
Aims to be present and participate in all fora where decisions are made that will have an effect on the industry Seat as NGO at the International Maritime Organization - IMO Partnership agreements with USCG, AMSA and close links to EMSA and MCA, OCIMF, IACS, Round Table, EC, EP, Green Award, EQASIS, HELMEPA, Paris MoU, Tokyo MoU, Viña del Mar, CDI, ITOPF etc… INTERTANKO
1934 International Tanker Owners Association 1967 “Torrey Canyon” 1969 TOVALOP and CRISTAL (ITOPF) 1970 INTERTANKO is dead, long live INTERTANKO World wide presence A little bit of history
Assist and encourage our members to continuously improve Establish membership in INTERTANKO as a symbol of quality, i.a. through strict membership criteria: –Certified and implemented ISM system –All tankers classified by IACS member –All tankers entered in a P&I Club –Satisfactory oil pollution response plans and insurance cover Commitment to Quality
Seek international solutions Oppose unilateral legislation Develop regional strength and influence through regional panels and representation Build relations with regulators and monitoring authorities, as well as other industry associations and all links in the Chain of Responsibility The Strategy
Chain of Responsibility Working together SHIPOWNER SHIPYARDS INSURERS TRAFFIC MANAGEMENT CARGO OWNER CHARTERER PORTS & TERMINALS CLASS SOCIETIES FLAG STATES
Accidental oil spills from tankers
Development of tanker oil spills Source: ITOPF 2003
Tanker incidents – improving record
Oil into the Sea Annual Releases, best estimates
99.99% of cargoes reach their destination without incident
Exxon Valdez – Erika - Prestige
Erika: December 1999 European Commission aggressive EU Ministers hesitant Wish to work through IMO Prestige: November 2002 European Commission aggressive EU Ministers even more aggressive No inclination to work through IMO
Erika: December 1999 European Commission aggressive EU Ministers hesitant Wish to work through IMO Prestige: November 2002 European Commission aggressive EU Ministers even more aggressive No inclination to work through IMO
Other regulations in the pipeline Particularly Sensitive Sea Areas - PSSA Criminalisation of operators and crew ISPS – International Ship and Port Facility Security Code IOPC Funds
Daily VLCC spot rates
Short-term disruptions Strikes in Venezuela Congestion in Bosporus Political unrest in Nigeria Reconstruction in Iraq Japanese nuclear plant maintenance Weather delays in US Gulf and Baltic Sea Phase-out situation unclear Increased consumption in China
Cost elements - Gasoline price at the pump
REALITY
Image Building Will help build an emotional barrier to negative press and inoculate against the effects of disaster Will help build international credibility and investor confidence Will increase political influence Will create a sense of commitment and belonging in an otherwise fragmented industry
Image Building Is it necessary? Is the industry ready?
THANK YOU