Peter M Swift

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• Peter M Swift
• TANKERS TODAY TOMORROW
• - Full Ahead !

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US CIF oil price - USD
Costs of oil transported from the Persian Gulf
to LOOP
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Tanker incidents1978-03
Number
Source LMIS, Informa, press, INTERTANKO
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Accidental pollution from tankers 1,000 ts
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Oil into the Sea Annual Releases, best estimates
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Fleet by hull percentage
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2003 in Review

• Increased tanker demand with extra
  emphasis on quality
• Accelerated introduction of new ships
• Proactive industry on standards and
  environmental measures
• Volatile but profitable markets
• Awakening investor interest

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But.

• Rampant Europe
• UNCLOS challenged
• Regional legislation then IMO fightback
• Partnerships challenged and under strain
• Seafarers criminalised
• And.
• Pushes on transparency, image of industry

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• TANKERS TODAY
• And
• TOMORROW
• Full Ahead ?

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Full Ahead on Environmental Issues ?

• Anti-Foulings (Convention)
• VOC Recovery
• Sulphur Levels (in Fuel)
• Recycling
• Water Ballast Management

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Full Ahead on Quality and Standards

• Working with Partners
• Class (and others) on Common Rules, Maintenance
  and Surveys, CAS etc.
• Shipbuilders and Class in Tripartite discussions
  on newbuildings
• Flag States with Flag State Guidelines
• Port State Control and support of EQUASIS
• Regulators e.g. Partnership Agreement with USCG
  (Oily Water Separators), EMSA (Double Hulls in
  Service), IMO (GBS et al), EU et al (Air
  Emissions Engine and Cargo)

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PSC an industry perspective

• Summary
• PSC is actively supported by industry
• More needs to be done to ensure harmonised
  standards
• Greater sharing of inspection records would be
  beneficial
• It is an imperative that the integrity of PSC is
  maintained
• Better targeting would result from additional
  analysis of PSC records
• Important lessons can be learned by analysing PSC
  performance
• Used as membership criteria by associations
• Used in assessments by charterers, insurers and
  others

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PSC Operational Issues the shipowners
perspective

• Need to ensure
• Harmonised standards and training of inspectors
• Better / more rational targeting
• Consistency in grounds for detention, naming of
  charterer, appeals procedure, etc.
• Development of rewards / incentives

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PSC Operational Issues the shipowners
perspective

• Need to ensure integrity of system
• Overly enthusiastic inspectors
• Selective targeting
• Soft option or easy targeting
• Malpractice
• - self interest or third party interest
• BUT Not all owners are guilt free

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Operational Issues in relation to PSC the
shipowners perspective

• Ideas to ensure integrity of system
• Regular and open dialogue between responsible
  owners and PSC officials
• Development of best practices within PSC
  regimes, e.g. With leadership from Paris MoU
• Appropriate mechansims for confidential feedback
• Reports back to IMO of PSC performance

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Full Ahead with Partners ?
SHIPOWNER
CLASS SOCIETIES
CHARTERER

• Feedback mechanisms weak
• Openness and transparency doubted

SHIPYARDS
CARGO OWNER
INSURERS
PORTS TERMINALS
TRAFFIC MANAGEMENT
FLAG STATES
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Tanker incidents 2003 - 130
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Port State Control detentions by ship size
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Port State Control detentions by year of build
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Initiatives via Information Sharing

• Examples of where we could do better
• Tanker Structure Cooperative Forum
• Industry guidelines and standards
• IACS development of Requirements and Procedures
• Port and Terminal Reviews
• Incident reporting and analysis, and casualty
  investigations

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Information Sharing

• Impediments to information sharing
• commercial competitiveness
• legal liability
• professional jealousy
• lack of incentives

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A Grey fleet ?
Picture source OCIMF
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The same commitment from politicians and
regulators ?

• Convention Ratification
• AFS Convention (2001)
• Annex VI (Air Emissions) (1997)
• HNS Convention (1996)
• OPRC-HNS Protocol (2000)
• Bunkers Convention (2001)
• Places of Refuge
• Reception Facilities
• Port and infrastructure security

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Thank you www.intertanko.com