Page 48: of Maritime Reporter Magazine (May 1995)

Tanker Technology for quality ships, with obvious and good ramifications on the shipbuild- ing and supplying side.

Conversely, Intertanko argues that OPA 90 will actually delay the modernization of the tanker fleet, as some shipowners will decide to permanently abandon the U.S. trade and others will be forced to restruc- ture to protect their equities. En- suring the proper balance between overall available tanker capacity and market demand is a difficult equa- tion, to say the least. Intertanko has stood steadfastly against ship- building subsidies, which it believes lead to the building of unneeded ships. "Subsidies create a vicious

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Circle 208 on Reader Service Card ~~

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The Outlook "It is difficult to predict long-term,"

Mr. Fuglesang said, but the key to a healthy, safe tanker industry is to get a worldwide consensus in sup- port of the international regime. He points out that Norway has just this year passed the legislation neces- sary to embrace the 1992 protocols, and the rest of the Scandinavian countries will soon do the same. For long-term prosperity, he outlines these points as crucial: • Have a good set of international rules, which we do have, for safety.

These rules must be properly and uniformly enforced by flag and port states • Classification societies must do their job properly • The port state must take care of a number of issues (charting/port safety, pilots, etc.) to ensure safety • Charterers need to ensure that the ships they hire are in good condition, and there should be more scrapping of inadequate ships.

Tanker Scrapping

This Year To Date

Nome DWT Built Owner Flag

Bangladesh

Doke 232,980 1973 Hap-loaitnou •n

Fortuneship L 268,081 1975 Ceres Hellenic Gr

Lotio 264,549 1972 Shell Group •m

Lord 227,305 1974 Haji-loannou Cy

Oslo Princess 284,508 1972 Barber Intl. No

India

Al-Azraq 97,285 1970 Jordan Nat.Shpg. Jo

Mountain Sky 219,388 1973 Norbulk Shpg. Li

Trade Fortitude 249,224 1972 Marine Mgt. Li

C.W. Kitto 268,346 1974 Chevron Shpg. Li

Chevron 71,340 1972 Chevron Am

California Shipping

Cornelian 155,375 1971 Monegausque Pa

Dan 30,617 1973 Cardiff Marine

Pelopidas V 227,604 1971 Greenwich Brokrg Cy

Sveti Stjepan 21,444 1969 Govt, of Croatia

Caroline Cob 21,649 1962 Borthen Li

Pecos 28,851 1950 Sabine US

Alvaro de 168,532 1972 Petmar Pa

Bazan

Susonfird 218,685 1973 NIK — 18 vessels 3,055,763 DWT 24 years old (avg.)

Source: Intertanko 50 Circle 265 on Reader Service Card Maritime Reporter/Engineering News