1. Insurance Committee June 17 2004 Welcome to INTERTANKO Presentation by

2. Tanker Supply
Scrapping
Phase out
DH trades

3. Tanker sales for decommissioning
M dwt
number

4. Tanker phase-out
M dwt
*subject to administrations after 2010

5. Tanker phase-out - number
Year
MARPOL* – ‘000 dwt (2010 if finale year for SH)
5-30
30-60
60-80
80-120
200+ 03
156 11 3 1 04 74 22 8 05 60
102 25 56 12 06 53 2 07 27 15 08 19 5 09 31 20 7 4 10
59 (280)
39 (94)
22 (44)
21 (86)
3 (46)
6 (152) 29 9 24 14 6 13 16 23
153 46 54 40
112
Total
757
298 99
212 85
171
*subject to administrations after 2010

6. Tanker fleet development
m dwt
number
Notes
1. Naturally understands the concerns associated with and threats posed by oil transportation, with the reminder that the accidental pollution and incident records have shown very considerable and sustained improvements for more than 10 years.
2. Stresses the imperative that all involved maintain strict adherence to international (maritime) law and review processes.
3. Advocates the conducting and completion of an impartial, comprehensive accident investigation. Stresses the necessity, before any new measures are proposed or introduced, for rigorous analysis and understanding of the risks and consequences involved based on sound technical grounds, and where appropriate encourages a full impact analysis of each such measure.
4. As a matter of principle, rejects unilateral and/or regional, ill-considered, (and frequently expeditious/opportunistic and reactionary) measures.
5. Reminds that shipowners receive only a very small proportion of the economic benefit from oil supply and distribution, and that the principal beneficiaries in this value chain are oil companies and traders.

7. Tanker renewal - fleet by hull
Notes
1. Naturally understands the concerns associated with and threats posed by oil transportation, with the reminder that the accidental pollution and incident records have shown very considerable and sustained improvements for more than 10 years.
2. Stresses the imperative that all involved maintain strict adherence to international (maritime) law and review processes.
3. Advocates the conducting and completion of an impartial, comprehensive accident investigation. Stresses the necessity, before any new measures are proposed or introduced, for rigorous analysis and understanding of the risks and consequences involved based on sound technical grounds, and where appropriate encourages a full impact analysis of each such measure.
4. As a matter of principle, rejects unilateral and/or regional, ill-considered, (and frequently expeditious/opportunistic and reactionary) measures.
5. Reminds that shipowners receive only a very small proportion of the economic benefit from oil supply and distribution, and that the principal beneficiaries in this value chain are oil companies and traders.

8. Tanker trade intra N Sea by hull
2002
2003

9. Panamax trade by hull - 184 m dwt
m cargo ts
42%
42% 9%
16%
SH/DH /50%
Caribbean - SC America: 56%
Caribbean - N America: %
B Sea - Med: %

10. Aframax trade by hull - 879 m ts
m cargo ts
72%
72%
18%
10%
SH/DH: %
MEG- Asia: %
B Sea - Med: %
Car. – N America: %

11. Suezmax trade by hull - 556 m ts
m cargo ts
75%
17% 8%
SH/DH: %
MEG- Asia: %
W Africa - Med: %
W Africa– N America: %
N Africa - Med: %
N Sea- Europe %

12. VLCC trade by hull - 960 m ts 59% 40% 2% m cargo ts SH/DH: 40%
MEG- Africa: %
MEG – Asia %
MEG – N America: %
MEG-Europe : %