Members SEMINAR April 8, 2011 INTERTANKO Overview Report Joseph Angelo Managing Director
MEMBERSHIP BUDGET SECRETARIAT EXCOM ISSUES COUNCIL ISSUES
Membership 250+ Members 3,350+ Tankers > DWT Members in 40+ countries >75 % of the Independent Tanker Fleet 290+ Associate Members
Membership Members/million dwt No. of tankers
Budget & Accounts All figures US $ (Actual) (Actual) (Budget) Total Operating Income 9,056, ,572,650 Total Operating Expenses6,566, ,217,450 Operating Result2,489, ,200 Non-operating Income/expenses 551, , ,000 Result for Year3,041, ,200
Budget Large operating surplus for Virtual retention of all members in Control of discretionary expenditure & limitation of activities - Expenditure benefiting from strong US$ against British pound and Norwegian Kroner 2010 membership fees reduced by 10% No change in 2011 membership fees
Secretariat 23 STAFF MEMBERS IN 5 OFFICES Oslo (9), London (12), Singapore (1) USA (1), Brussels, (Manila) STAFF INCLUDES - Managing Director (New) - Deputy Managing Director (New) - Technical & Marine Directors - Specialists for Regulatory Affairs & Legal Issues, Chemical, Oil and Gas shipping, Environmental Issues,
Executive Committee Issues High level discussions with OCIMF Minimum safe operating costs Piracy Greenhouse gas emissions 2011 Workplan priorities
Discussions with OCIMF High Level discussions (Chairmen) “Best the relationship has ever been” Issues Achievable greenhouse gas emission reduction targets for tankers Piracy Tanker officer competency and experience Vetting matters Mercury in crude oil, safety aspects Guidance on generally accepted procedures for accident investigation/analysis/reporting
Safe Operating Costs Concern: current rates are below the minimum cost levels required to operate vessels safely Issues Costs to operate a ship and Worldscale versus equivalent charter rates Quality is important to both owners and charterers Anti-trust concerns Could be counterproductive (perception of lowering the “quality bar”?) Reluctance to share costs
Piracy SOS Media campaign Best Management Practice (BMP) compliance Policy on armed guards Marine Naval Liaison Officer (MNLO) supply
Greenhouse Gas Continue to support mandatory Energy Efficiency Design Index for new ships Seek further information and clarification of Market Based Measures (MBM) Finalize development of industry assessment of potential CO2 reduction measures Launch “Virtual Arrival” project with OCIMF
Workplan Priorities Council approved workplan priorities Executive Committee to overview detailed implementation of workplan Secretariat developed detailed plans for high priority topics (25) Workplan is a “living document” New workplan items to be submitted to Council for approval and appropriate priority
Council Meeting Astir Palace hotel, Athens, Greece May 9 – Council dinner May 10 – Council meeting May 11 – Tanker Seminar - Opening Session - Tanker market - Piracy - Technical session Ballast water management Greenhouse gas emissions
COUNCIL ISSUES Presentation “The ExxonMobil Approach to Assessing Marine Quality” Piracy Piracy campaign Greenhouse gas emissions Insurance/Documentary Committee Membership criteria
WEB SITE INFORMATION Databases Terminal vetting Port information (port costs, reception facilities) Vetting inspection feedback PSC inspection feedback Confidential Accident Reporting (CARP)
WEB SITE INFORMATION Benchmarking (comparison with INTERTANKO fleet) Vessel inspection questionnaire (VIQ) TMSA 2 Crew/officer retention Lost time indictor
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