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INTERTANKO Council meeting ExCel Centre, London 18 September 2003

INTERTANKO Council meeting ExCel Centre, London 18 September 2003. T ight supply L ow oil stocks P olitical tension D ifferentiation by age N on-OPEC oil production up. A nervous, volatile market. A ge down D ouble hull tankers in majority S crapping ahead of phase-out

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INTERTANKO Council meeting ExCel Centre, London 18 September 2003

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  1. INTERTANKO Council meeting • ExCel Centre, London • 18 September 2003

  2. Tight supply Low oil stocks Political tension Differentiation by age Non-OPEC oil production up • A nervous, volatile market

  3. Age down Double hull tankers in majority Scrapping ahead of phase-out Order-book covers phase-out Phase-out situation unclear • Tanker supply

  4. Modernisation tankers

  5. Tankers by hull 1 Oct 2003

  6. Tankers sold for demolition by year built, 15.8 m dwt m dwt 40 1.3 m dwt 127 14.5 m dwt

  7. Tankers sold for demolition number m dwt

  8. Orderbook by year of delivery number

  9. Age profile + 60,000 dwt (366) number

  10. Age profile + 5-60,000 dwt (977) number

  11. Age profile m dwt EU phase-out (119) MARPOL (55 m dwt) Orders (55) Fleet > 5,000 dwt

  12. Phase out by number

  13. Phase out by dwt m dwt

  14. Phase out EU m dwt

  15. Phase out EU m dwt

  16. What position should INTERTANKO take on the IMO compromise proposals?

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