Katharina Stanzel Deputy Managing Director INTERTANKO

1. Russian Maritime Register of Shipping XIV International Seminar 12-13 October 2011, St Petersburg Quality Shipping: 21st Century Standards Maritime Community searching for a Balance of Interests Key initiatives to improve Maritime Safety, Security and Environmental Protection Katharina Stanzel Deputy Managing Director INTERTANKO

2. INTERTANKO International Association of Independent Tanker Owners Non-governmental organization established in Oslo in 1970 Represents interests of independent tanker operators at international, regional, national and local levels 250 Members in 45 countries 3,250 tankers 285 million dwt & 320 Associate Members Spokesman - Information Service - Meeting Place Oslo - London - Washington - Singapore - Brussels

3. INTERTANKO • To be a positive and proactive influence with key stakeholders, developing policies and positions, harmonising a united industry voice, and engaging with policy and decision makers • To develop and promote best practices in all sectors of the tanker industry, with owners and operators setting the example.. • To profile and promote the tanker industry, communicating its role, strategic importance and social value. • To provide key services to Members, with customised advice, assistance and access to information, and enabling contact and communication between Members and with other stakeholders.

4. Vision for the tanker industry: • A responsible, sustainable and respected part of the world’s energy supply chain, committed to continuous improvement and constructively influencing its future, • serving the world with the safe, environmentally sound and efficient seaborne transport of oil, gas and chemical products

5. Safe Transport • Clean Seas • Free Competition

6. Tanker Industry Fragmentation VLCCs ~ 550 ~ 140 owners 7% Suezmaxes ~ 420 ~ 110 owners 10% 7% Aframaxes ~ 890 ~ 230 owners Based on LRFairplay

7. INTERTANKO Key Focus Areas

8. Key Maritime Safety Initiatives • Fuel Quality • Inert Gas & other best practice guidelines • Officer competency (TOTS)

9. Fuel Quality Issues

10. Inert Gas & Tank Entry Issues: Training Standards Increasing accidents Different standards for different ship types Complicated regulations & conflicting requirements Objectives Increase awareness of tank entry dangers Reduce accidents & fatalities by increasing and simplifying use of inert gas International application through the IMO Goals Simplify standards & regulations Address Tank Entry Concerns Apply IG Regs. to new & existing ships Investigate IG from shore (small tankers) Inert Gas requirement applied to product not ship

11. Best Practice Guidelines

12. Tanker officer competency and experience • Training standard to ensure competency for rank specific shipboard operations, specific tanker types and company operating systems (ISM) • Aim: ease compliance with officer matrix requirements & provide alternative measuring tools for ‘time in rank’ and ‘time with company’ • Aimed at senior cadets & junior officers or officers new to a company • Structured, controlled & auditable • TMSA 2 compliant & in excess of STCW

13. Key Environmental Initiatives • Port Reception Facility improvement (USA & EU) • Ballast Water Treatment Technology Review • Air emissions, Scrubbing Technology Review & revision of EU Sulphur Directive • Greenhouse Gas Emissions Reduction

14. Shipping supports reduction of emissions • BUT • Incoming regulations (BWT, NOx/SOx Scrubbers) • can result in new waste streams and • additional energy demands • (up to 8% of daily fuel consumption on board) • => Emissions ! • Dialogue needed with all stakeholders to ensure measures not counterproductive

15. Key Environmental Initiatives • Greenhouse Gas Emissions Reduction: • Tanker Energy Efficiency Management Plans • ‘Virtual Arrival’

16. Initiatives to reduce emissions: SEEMP • Ship Energy Efficiency Management Plan (SEEMP) • Best practices for fuel efficient operation of ships • agreed by MEPC 62 • will significantly reduce fuel consumption & CO2 emissions • Developed by MEPC WG on greenhouse gas emissions representing co-operation btw IMO Member States and international shipping industry

17. Initiatives to reduce emissions • Best practice guidance – TEEMP • In co-operation between members AND with other stakeholders • Company TEEMP • Voyage optimisation • Propulsion resistance management • Machinery optimisation • Cargo handling optimisation

18. Initiatives to reduce emissions • Virtual Arrival • Method to reduce emissions by adapting vessel speed to terminal slots • Takes advantage of inefficiencies in the market, but does not affect the market • Reduces port congestion and contributes to improve safety • Co-operation between OCIMF and INTERTANKO

19. How Virtual Arrival reduces GHG emission Tonnes CO2 emission Voyage length days Tonnes CO2 emission at full speed: 2,081 CO2 emission at reduced speed: 1,179 Reduced CO2: 902 Reduced SOx emission 23 Bunker saved 290 (43%) Assumed reduction NOx emission 43% Virtual arrival decision point Start voyage Virtual arrival time Actual arrival time

20. Reducing fuel consumption = most cost effective emission reduction initiative any owner can take today

21. Key Security Initiatives • Provision of Merchant Navy Liaison Officers to work with MSCHOA • Anti-Piracy SOS campaign PIRACY

22. INTERTANKO Philosophy Eliminating piracy is a shared responsibility between the maritime industry and governments BUT Establishing LAW AND ORDER on the high seas is the responsibility of governments

23. 28 Industry Organisations IMECICS/ISF INTERTANKO SIGTTO World Shipping Council IUMI IG P&I BIMCO ITF LMA (Lloyd’s) IntercargoIPTA IMB IMO InterManagerCEFOR DNK WISTA UK Chamber GARD Global Shippers’ ForumUnion of Greek Shipowners • Asian Shipowners Forum UK P&I Club North of England P&I ClubLondon P&I Club Standard P&I Britannia P&I Club

25. Thank You • www.INTERTANKO.com Katharina.Stanzel@intertanko.com