Consequences of the MARPOL Annex I 13G regulation on phase-out of single-hull tankers DnV / Bulkforum Seminar Oslo, 13 March 2002 Jan Svenne INTERTANKO.

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Consequences of the MARPOL Annex I 13G regulation on phase-out of single-hull tankers DnV / Bulkforum Seminar Oslo, 13 March 2002 Jan Svenne INTERTANKO

Current tanker fleet: 43% double hull share Average age 14.2 years 13% of the fleet older than 25 years 81% controlled by Independent Tanker Owners (Independent share: average age 13.7 years) 21% of the tanker fleet on order Current orderbook covering MARPOL 13G phase-out requirements

Orderbook and the effect of rule 13G OrderbookYear when 13GOrderbook/13G % of fleethave repl. orderbookphase-out VLCC19% % Suezmax25% % Aframax22% % Panamax17% % % % % % All calculations in number of tankers

KEY FACTORS OF MARITIME SAFETY AND POLLUTION PREVENTION IMPLEMENTATION +CULTURE +CULTURE +COMPETENCE +COMPETENCE = SAFER SHIPPING = SAFER SHIPPING Courtesy ; Thenamaris Ships Management Inc.