1. 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

2. 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 2002-2005

9. Orderbook and the effect of rule 13G 2002-2007 OrderbookYear when 13GOrderbook/13G % of fleethave repl. orderbookphase-out -2007 VLCC19%2005 61% Suezmax25%2006100% Aframax22%2006 82% Panamax17%2006 57% 20-6017%2005 50% 5-20 5%2003 10% All calculations in number of tankers

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