January 15, 1977 - Maritime Reporter and Engineering News

H.P. Drewry Reports On Tanker Owners' Future

The scale of future independent tanker operations and the long-term role of independent tanker owners is the theme which forms the basis of Study No. 49, "The Role of Independent Tanker Owners," by H.P.

Drewry (Shipping Consultants) Limited of London, England.

In order to establish the different ways in which independent tanker owners operate, 25 leading owners have been examined in detail. At mid-1976, the 25 companies analyzed together owned 105 million dwt of tanker and combined carrier tonnage, which was equivalent to 30 percent of the world tanker and combined carrier fleet, and to 45 percent of the world independent tanker and combined carrier fleet. The significance of these leading independent owners is further increased when their chartering-in operations are taken into account.

A vessel-by-vessel analysis highlights the differences between leading independent owners in terms of size and age structure of owned fleets, the use of chartered-in tonnage, the employment (or lack of) of both owned and chartered-in tonnage, the use of domestic flag or flag of convenience, and any particular customer relations that have been established. These differences provide an essential background to the conclusions reached as to how market forces acting both to restrict and support the extent of current independent tanker operations can apply to individual companies.

Copies of Study No. 49, "The Role of Independent Tanker Owners," may be obtained from H.P. Drewry (Shipping Consultants) Limited, Palladium House, 1-4 Argyll Street, London W1V IAD, England, for $75 per copy.

Other stories from January 15, 1977 issue


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