RINA IMarEST

1
Tankers Today Peter M Swift 25 January 2006

• RINA / IMarEST
• London

2
Tanker Shipping - playing its part

• Transporting the worlds energy
• Carrying the oils that fuel the worlds economies

3
Global primary energy consumption by fuelmillion
tonnes oil equivalents
Source BP
4
World oil supply 1900-2005
mbd
5
Crude oil seaborne trade
6
The world needs tankers
7
AS AN INDUSTRY WE MAY NOT BE LOVED BUT WE ARE
NEEDED

• World Oil Consumption 3.7 billion ts
• Transported by sea 2.3 billion ts
• gt 60 transported by sea.

8
Regular supply critical
9
Oil price and tanker freight rate 1970-2004
10
European crude oil imports (mbd)
Projection based on first 8 months 2005
11
Oil consumption per capita (Litres/day - 2003)
12
Gasoline price at the pump
13
Ship Selection Baltic / Black Sea 2000-2005
tankers above 50,000 dwt
Baltic Sea
Black Sea


14
Fleet by hull percentage
15

• Society expect us to have 0 accidents,
  
• even though 99.9999 of oil is delivered safely
• It takes only one accident to change the industry
• The tanker shipping industry is
• striving for ZERO

16
Reported tanker incidents (1978 2005)
17
Tanker incidents 2005
Total 161
Hull Machinery
29 engine, 3 hull
Misc.
Fire Exp.
Grounding
Collision
includes contact
18
Continuing Improvement
Tanker accidental pollution rate tonnes spilt
per bn tonne miles trade
-38
Source ITOPF spills, Fearnleys Tonne miles
19
Port State Control Percentage of inspected ships
detained
20
Key issues for Tanker Owners

• Maintaining International versus Regional and
  Local legislation
• Meeting Societys expectations ( our licence to
  trade)
• - including the environmental challenges
• Establishing an acceptable balance between
  regulation and self-regulation
• Reversing the trend to increased criminalisation
• Ensuring the commitment of all stakeholders to
  continuous improvement

21
Oil Shippings licences to operate- a need for
consistent international standards

• Flag
• Class (newbuild in-service)
• Insurer (compulsory certificates)
• Charterer (through vetting)
• PSC (on behalf of coastal states)

22
Technical and operational challenges for the
industry

• Air emissions
• - at sea and in port
• - engine and cargo
• Ballast Water Management
• Recycling
• Fires and explosions on Chemical Carriers
• Oily Water Seperators

23
Commitment to Continuous Improvement by all
stakeholders in the maritime businesses
Designers
Shipbuilders
Class
Equipment Suppliers
Financiers / Guarantors
Charterers
Operator/Manager
Owner
PI
Hull insurers
Cargo Owners
Brokers
Flag states
Coastal States
Waterways authorities
Ports Terminals
Labour providers
Tug operators
Bunker suppliers
Pilots
Agents
Salvers
Repairers
Paint Suppliers
Spill Response
Ship Breakers
24
The image ?
25
IMAGE PROBLEM ! The Rogues of the Tanker Industry
OWNER
CHARTERER
CLASS
26
Tanker Industry
Image - In the dictionary between ignorance and
information
27
Oil should travel first class- that is the aim
of the oil shipping industry
28
Thank you www.intertanko.com www.shippingfacts.co
m