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North american panel 17 march 2008 stamford ct

North American Panel17 March 2008Stamford, CT.

Peter M. Swift


International association of independent tanker owners

X

MD Overview - INTERTANKO ISSUES- Compliance Law- Air Emissions- Environmental Issues- Human Element- Association- Industry developments- 2007 Incident statistics- European legislative update- Load Lines - South African coast- Diary Dates

International Association of Independent Tanker Owners


Md overview intertanko update membership finances panel reorganisation secretariat

MD OverviewINTERTANKO UPDATEMembershipFinancesPanel ReorganisationSecretariat

International Association of Independent Tanker Owners



Move to double hulls
Move to Double Hulls

  • More than USD 500 billion invested since 2000 with the result that ~95% of tanker fleet double hulled in 2010

Assumed all SH tankers phased out by 2010


Average age tankers above 10 000 dwt 1970 2007
Average age tankers above 10,000 dwt(1970-2007)

16

14

12

10

8

6

1970

1973

1976

1979

1982

1985

1988

1991

1994

1997

2000

2003

2006

Years


Future for single hulls

Options today

Conversion to

- DH Tanker

- FSU/FPSO

- Bulk Carrier

Recycling

Continued Trading

Continued Trading

Subject to (i) Flag state and (ii) Coastal state acceptability after 2010

But now uncertainty over

Korea

Japan

China

India

Others

Future for Single Hulls



Tanker incidents 2007 by type and accidental pollution
Tanker incidents 2007 by type and accidental pollution

No. incidents

1000 ts oil pollution

Source: INTERTANKO/LMIU/ITOPF/various


Accidental oil pollution into the sea
Accidental oil pollution into the sea

bn

tonne-m

1000

ts spilt

-45% -33% -82%

Reduction per tonne miles

Source: ITOPF/Fearnleys


Reported tanker incidents
Reported tanker incidents

Number

Source: INTERTANKO/LMIU/various


Tanker incidents 2007 by type
Tanker incidents 2007 by type

Source: INTERTANKO/LMIU/various



Tanker incidents 2007 by age
Tanker incidents 2007 by age

13%

Incidents/no tankers:

33%

21%

33%

325 incidents


Incidents 2007 by type tanker
Incidents 2007 by type tanker

Number

Source: INTERTANKO/LMIU/various


Tanker engine related incidents
Tanker engine related incidents

2007

2006

2005

Below 10,000

2004

10-29,999 dwt

2003

30-99,999 dwt

Above 100,000 dwt

2002

0

10

20

30

40

50

60

No

2007 incidents by

% of fleet per 000 dwt category:

Source: INTERTANKO/LMIU/various


Tanker incidents engine related
Tanker incidents: engine related

2007

Built:

2006

1970s

1980s

2005

1990s

2004

2000s

NK

2003

2002

0

10

20

30

40

50

60

No

2007 incidents by

% of fleet per decade of build:

Source: INTERTANKO/LMIU/various



European legislative update1
European Legislative Update

  • Ship Source Pollution Directive (2005/35/EC) and Framework Decision - “criminalises accidental pollution”

  • challenged by coalition of industry partners on basis of conflict with MARPOL and UNCLOS, jurisdictional limitations and legal certainty

  • ECJ upholds view that Framework decision should be incorporated within Directive

  • ECJ opines that Directive may be in conflict with MARPOL but EU not signature per se to MARPOL – final ruling awaited

  • EU Commission revises Directive to incorporate Framework decision requiring EU States to introduce penalties on “natural persons” that are “effective, dissuasive and proportionate”

  • ECJ ruling on challenge awaited

  • uncertain future, since Lisbon Treaty (the substitute for an EU constitution) introduces the possibility for harmonised criminal sanctions for environmental crimes across Europe, i.e. the Directive is subject to possible further revision.


European legislative update2
European Legislative Update

  • Erika Case

    • criminal penalties assessed against charterer, owner and class (but not Master)

    • in the view of the French court there are “gaps” in international law with respect to liability of charterer, class et al

      - BUT now subject to appeal

  • ECJ to rule on Ship waste

    - ECJ opines that HFO mixed with seawater et al is “waste” within definition of EU Directive 96/350/EC and “polluter pays” principle should be upheld

    - recognition that this challenges CLC/FC liability solely of owners

    and also:

  • Challenges to Limitation of Liability

    - EU Commission/EU Parliament effectively routinely challenging owners’ right to limit liability

    -applies equally to classification societies et al

  • Importance of ratifying International Conventions

    - e.g. LLMC, Bunkers Convention (will now enter in to force), HNS (hopefully via a new HNS Protocol), as well as others such as Annex VI



Load lines south african coast1
Load Lines - South African Coast

20 NM

16 Apr – 15 Oct = WINTER

16 Oct – 15 Apr = SUMMER




2008 association dates
2008 Association Dates

APRIL - ISTANBUL

20 Golf tournament

Bosphorus Cruise

Associate Members’ meeting

21ExCom/Council

Focus sessions – Chemical Shipping, Shipbuilding, EU Competition Law, Vetting, Human Element, Air Emissions.

22-23 Tanker Event

22 State of the industry

Poseidon Challenge

AGM

23 Poseidon Challenge

Oil & Market session

22 Tanker Chartering seminar

21-23 Partner’s programme

NOVEMBER – LONDON

17-18ExCom/Council, London


THANK YOU

For more information, please visit:

www.intertanko.com

www.poseidonchallenge.com

www.shippingfacts.com

www.maritimefoundation.com


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