1 / 27

INTERTANKO International Association of Independent Tanker Owners

Sustainability of the Oil Transportation Industry China Oil Transportation Safety Conference Nanjing September 2012 Tim Wilkins Regional Manager Asia-Pacific. INTERTANKO International Association of Independent Tanker Owners. INTERTANKO.

sunila
Download Presentation

INTERTANKO International Association of Independent Tanker Owners

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sustainability of the Oil Transportation Industry China Oil Transportation Safety Conference Nanjing September 2012 Tim Wilkins Regional Manager Asia-Pacific INTERTANKOInternational Association of Independent Tanker Owners

  2. INTERTANKO INTERTANKO is a non-governmental organization established in 1970 to represent the interests of independent tanker operators at the international, regional, national and local levels Staff of 21 with offices in London, Oslo, Washington, Singapore and Brussels NGO status at the International Maritime Organization (IMO) and the International Oil Spill Compensation Fund.  Consultative status at the United Nations Conference on Trade and Development.

  3. INTERTANKO MISSION Provide Leadership to the Tanker Industry in serving the World with the SAFE, ENVIRONMENTALLY SOUND and EFFICIENT seaborne transportation of oil, gas and chemical products

  4. INTERTANKO MEMBERSHIP is open to independent tanker owners and operators of oil and chemical tankers (i.e. non-oil companies and non-state controlled tanker owners) who meet the membership criteria. ASSOCIATE MEMBERSHIPis available to any entity with an interest in the shipping of oil and chemicals.

  5. INTERTANKO 250+ Members 3,300+ Tankers 285+ Million DWT Members in 40+ countries MORE THAN 75% OF THE INDEPENDENT TANKER FLEET 300+ Associate Members

  6. Sustainability - the balancing acts • Profitability & efficiency versus safety and pollution prevention • Economics • Profit & loss • Cost saving • Terms and conditions • Trade growth • Safety and environment • Oil pollution • GHG emission • ANNEX VI • Ballast water • Sustainable • AdministeringNatural resourcesStewardship • World society • Free market and trade • Economy and welfare • Rules and regulations • Law and politics • Free competition/Fair trade

  7. Sustainability of the Oil Transportation Industry • Sustainable Industry • Tanker demand • Tanker supply • Sustainable Performance • Safety & Environment

  8. Sustainable Industry Tanker demand Tanker supply

  9. World GDP. Oil demand and seaborne trade growth % growth

  10. Oil production and seaborne trade growth mbd bntonne-miles Source: Fearnleys/Platou

  11. World increase in oil demand: China, ME, USA & ROW mbd Main Changes:Area mbd Source: INTERTANKO/IEA

  12. Oil import to selected areas mbd

  13. Oil price and freight rate mbd 27.3% 16.5% 31,8% 8.5% 7.3% 4.8% 3.8%

  14. Tanker demand • Arab light oil price • 1990-2004 $20.0 per barrel • 2005-2012 $73.0 per barrel • now $110.0 per barrel • Energy efficiency measures accelerated • Oil is in the process of losing its almost total domination as a transportation fuel • The US oil import the lowest since 1998 • China’s growth rate curbed • Still – positive growth and • Increased dependency on the Middle East

  15. Sustainable Industry Tanker demand Tanker supply

  16. Tanker trends – fleet, VLCC price, oil demand and tonne-mile indices

  17. Projected Tanker Fleet Development 1992-2013 m dwt number

  18. Tanker deliveries and removals m dwt

  19. Tanker phase out, deliveries, scrapping tankers 10,000 dwt+ balance(surplus) assuming various demand increases m dwt

  20. Sustainable Performance Safety & Environment

  21. Number spills above 700 tonnes Safety and Environment 1970s 25.2 Number 1980s 9.3 1990s 7.8 2000s 3.3 2010-2011 2.5 Source: INTERTANKO/ITOPF

  22. Accidental oil pollution into the seaspills per tonne-miles 1970-2011 Safety and Environment Tonnes spiltper bntonne miles oil transportation Source: INTERTANKO/ITOPF

  23. Tanker incidents by cause 1978-2012 Number incidents Safety and Environment Source: Based on incidents reports from Informa superposed with ITOPF statistics

  24. Safety and Environment Environmental performance • Ballast Water Management • Achieving compliance with discharge standards • Air Emission Reductions • Global switch to cleaner fuels • Greenhouse Gas Emission Reductions • SEEMP and EEDI: exceeding CO2 target emissions • Slow steaming...?

  25. Historical VLCC hire and bunker costs

  26. Sustainability of the Oil Transportation Industry • Sustainable Industry • Tanker demand • Tanker supply • Sustainable Performance • Safety & Environment • The industry is sustainable and has demonstrated this, but for how much longer will it remain so?

  27. The Common Law of Business Balance It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot — it can’t be done. thank you intertanko.com John Ruskin (1819-1900)

More Related