1. Tanker performance Erik.Ranheim@INTERTANKO.com Manager Research and Projects

2. Tanker performance High safety Low pollution Low age High earnings

3. Tanker incidents by cause 1978-2006 Number incidents Source: Based on incident reports from Informa

4. Tanker incidents by cause 2006 Source: Based on incident reports from Informa

5. Tanker accidents and trade Source: ITOPF/Fearnleys

6. Pollution rate 1000 ts spilt per bn tonne miles carried Source: Fearnleys

7. Accidental pollution from tankers largest accidents Source: ITOPF 1000 ts spilt

8. Accidental pollution from tankers largest accidents and age Source: Informa/INTERTANKO Number incidentsAverage age

9. Accidental pollution from tankers largest accidents and age Source: ITOPF/INTERTANKO Oil pollution – 1000 tsAverage age

10. Total losses, tankers and bulkers Source: Clarkson Number

11. Tanker Market

12. Oil price and VLCC freight rates Source: ITOPF $ per day freight rate $ per barrel oil price

13. Source: INTERTANKO Oil price and freight rate $/barrel

14. Source: INTERTANKO Gasoline price at the pump $ per litre

15. mbd Source: BP Review World oil demand - mbd

16. litres Source: BP Review Oil consumption per capita

17. mbd Oil consumption if world populations consumed oil as Americans

18. mbd Source: Fearnleys/IEA Seaborne oil trade and Middle East oil production '000 bil tm

19. mbd Source: IEA Sources of European oil imports - mbd

20. mbd Source: IEA Sources of US oil imports - mbd

21. Source: IEA Sources of Asian oil imports

22. Source: IEA Chinese net oil imports - mbd

23. World oil supply - mbd Source: IEA mbd

24. Tanker Supply

25. Source: INTERTANKO Tanker ordering '000 dwt

26. Phase out SH tankers above 5,000 dwt - m dwt Source: Clarkson %

27. Source: INTERTANKO Tanker deliveries, scrapping, phase-out m dwt

28. Source: INTERTANKO VLCC fleet development - number tankers Number

29. Tanker fleet double-hull development Source: Clarkson %

30. mbd Source: INTERTANKO VLCC fleet development - number tankers

31. Conclusion High performance Weaker demand development Strong fleet increase Reduced earnings