The Evolution of the World Oil Tanker Industry and its Key Challenges Stephen Van Dyck Chairman, INTERTANKO
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1 World Shipping (China) Summit 2006, Shenzhen 3 November 2006 The Evolution of the World Oil Tanker Industry and its Key Challenges Stephen Van Dyck Chairman, INTERTANKO
2 International Association of Independent Tanker Owners Represents: responsible oil and chemical tanker owners worldwide, promoting their interests and providing members with technical, operational, legal, documentary and other support services, information and advice Membership: members representing > 80% of the independent oil tanker fleet and > 85% of the chemical carrier fleet, with strict membership criteria associate members in oil and chemical tanker related businesses
3 Mission and Vision MISSION Provide leadership to the Tanker Industry in serving the world with the safe, environmentally sound and efficient seaborne transportation of oil, gas and chemical products. VISION for the TANKER INDUSTRY A responsible, sustainable and respected Tanker Industry, committed to continuous improvement and constructively influencing its future.
4 CRUDE OIL TRANSPORTATION
5 Seaborne Crude Oil Flows 2005
6 GDP Comparisons World Developing countries Major Advanced % growth GDP 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% Courtesy: Braemar Seascope / Source: IMF
7 Established Oil Demand million b/d USA W Europe Japan FSU South Korea Courtesy: Braemar Seascope / Source: EIA
8 Emerging Oil Demand million b/d China India Other Asia Mid East Courtesy: Braemar Seascope / Source: EIA
9 Oil Consumption Potential 3,500 3,000 per capita oil cons population 3,500 3, per capita oil cons (kg) 2,500 2,000 1,500 1, ,468 2,098 2, population (million) India China Brazil Mexico OECD Europe Source: Braemar Seascope Japan S. Korea Canada USA 0
10 Refinery Expansions: * China India Iran USA Kuwait Saudi Brazil Taiwan Ecuador Vietnam Iraq Yemen Qatar Oman Moroco Sudan Spain Canada Thailand TOTAL 8,212 kbd 1,740 1, ,000 1,500 2,000 Source: Braemar Seascope *excluding Russia
11 Crude Imports (m tonnes) USA EU Japan Korea India China Source: Braemar Seascope
12 China Imports vs. Tanker Demand m tonnes crude m dwt demand m tonnes crude m dwt demand Source: Braemar Seascope
13 CHINA: Crude oil import sources ( 000 tonnes) ,000 20,000 15,000 10,000 5,000 0 Saudi Arabia Angola Iran Russia Oman Source: Braemar Seascope
14 TANKER FLEET PERFORMANCE
15 Development of Oil Spills Source: ITOPF. Number of spills above 700 tonnes.
16 Pollution from tankers Tonnes / billion tonne mile Tanker accidental pollution rate tonnes spilt per bn tonne miles trade Source: ITOPF spills, Fearnleys: Tonne miles
17 Reported tanker incidents ( ) War Hull & Machinery Fire/Explosion Grounding Collision/Contact Other 05
18 KEY CHALLENGES
19 Key Challenges Striving for high standards globally Balancing Regulation versus Self Regulation - encouraging Effective Regulation - developing and Promoting Self Regulation Global regulation for a global industry, adopted and implemented uniformly Meeting increasingly higher environmental standards - air emissions, ballast water discharges, oil-in water, antifoulings, more
20 Meeting (Society s) Expectations EXPECTATION that SHIPPING should be Safe and Secure Environmentally Responsible Reliable Efficient (low cost) ZERO TOLERANCE of Accidents Pollution (to Sea and Atmosphere) Other (e.g. unsafe, unhealthy ship demolition)
21 Maintaining International Governance of the Shipping Industry International vs. local, national and regional Liability EU Penal Sanctions vs. International Conventions Safety & Environment EU (Post Erika & Prestige) vs. IMO/Marpol & SOLAS Sulphur Levels / Air Emissions EU, USA vs. IMO Security MTSA vs. ISPS Ballast Water Management US et al vs. IMO
22 Perhaps the Biggest Challenge for All of the Shipping Industry Our ability to respond promptly and effectively to Rapidly changing expectations and requirements
23 The POSEIDON CHALLENGE
24 Commitment to Continuous Improvement Primary Goal Lead the continuous improvement of the Tanker Industry s performance in striving to achieve the goals of: Zero fatalities Zero pollution Zero detentions
25 EDUCATION TRAINING DESIGN BUILDERS EQUIIP SUP CLASS SHIPBREAKERS CARGO INCIDENT MGT FINANCIERS SALVORS MANAGERS REPAIRERS AGENTS CREW OWNER OPERATOR CARGO BROKERS LABOR P&i TUGS HULL INSR PILOTS BUNKERERS TERMINALS PORT FLAG STATE COASTAL STATE WATERWAYS STAKEHOLDERS AGENCIES GOV IMO STATES LOCAL GOV
26 The Poseidon Challenge
27 Poseidon Challenge: An invitation to - commit to continuous improvement - commit to working with all partners
28 谢谢大家 THANK YOU
China Changjiang National Shipping (Group) Corporation Delegation
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