leading the way; making a difference hellenic mediterranean panel april 10, 2014 intertanko overview...
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Leading the way; making a difference
Hellenic Mediterranean Panel April 10, 2014
INTERTANKO OVERVIEW
JOSEPH ANGELODEPUTY MANAGING DIRECTOR
Leading the way; making a difference
MEMBERSHIP
BUDGET
SECRETARIAT
CURRENT MAJOR ISSUES
ANNUAL TANKER EVENT
Leading the way; making a difference
MEMBERSHIP
210+ Members
3,000+ Tankers
270+ Million DWT
Members in 40+ countries
300+ Associate Members
Leading the way; making a difference
INTERTANKO Membership
Leading the way; making a difference
INTERTANKO membership end 2013
Membership by type of tanker by number
Other
Chem 11%
Chem/oil 27%
Crude 37%Gas 4%
Produc
t 20%
OtherCh 3%
Chem/oil 11%
Crude 70%
Gas 2%
Product 13%
Membership by type of tanker by dwt
Leading the way; making a difference
Members by size of fleet
Number tankers Number members
Number of tankers 3,083, number of members 213
50 and above
25-49 15-24 10-14 5-9 Below 50
200
400
600
800
1000
0
14
28
42
56
70
11
1821
40
56
67
No tankers
No members
Number of tankers
Leading the way; making a difference
Members by size of fee
Total fee per segment Number members
Max fee is $72,675, Min fee is $5,985 $ fee range
Max fee $30,000-Max $15,000-29,999
Min-$14,999 Min fee0
420,000
840,000
1,260,000
1,680,000
2,100,000
0
12
24
36
48
60
2,107,517 1,371,729 1,293,964 542,586 215,460
2932
5955
38
Fee
Number members
% is fee per segment of total
38% 25% 23% 10% 4%
Leading the way; making a difference
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ArgentinaChile
ChinaCroatiaFinlandFrance
Isle of ManMalaysia
MexicoQatar
RomaniaSouth Africa
RussiaSwitzerland
BelgiumMonaco
South KoreaU.S.A.
UAECanadaCyprus
SpainDenmark
NetherlandsIndia
SwedenTurkey
United KingdomHong Kong, China
JapanGermany
SingaporeNorway
ItalyGreece
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15
18
55
2014 Membershipby country
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2012 2013 2014 (Actual) (Actual) (Budget)
Total Operating Income (US$) 6,886,363 6,768,203 6,800,477
Total Operating Expenses (US$) 6,021,965 6,206,943 6,780,740
Operating Result 864,398 561,260 19,737
Non-operating Income/expenses 321,319 131,487 -18,000
Result for Year 1,185,717 692,747 1,737
BUDGET
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19 STAFF MEMBERS IN 4 OFFICES
Oslo (8), London (9), Singapore (1), USA (1)
STAFF INCLUDES• Managing Director (London)• Deputy Managing Director &
Director of Regulatory Affair (USA)• Technical Director (Oslo)• Marine Director (London)• General Counsel (London)• Senior Environmental Manager (Singapore)
Currently seeking applicants for Technical and Marine staff
SECRETARIAT
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CURRENT MAJOR ISSUES
Sustainability
Value Proposition
Vetting
Ballast water management
Greenhouse gas emissions
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Why a Sustainability Project??
• Charter/freight rates not covering basic vessel operating costs
• Earnings not supporting forward investment
• Charter party terms which are not balanced and at times ignored
SUSTAINABILITY
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Desired Outcome: Achieve balanced and fair trading conditions for the tanker industry regardless of the prevailing freight market
Focus
• Use of SIRE as intended to reduce cost of Vetting inspections
• Improve late payment of freight and demurrage• Code of Conduct for tanker chartering
SUSTAINABILITY
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INTERTANKO VALUE PROPOSITION
• Clearly and succinctly articulate INTERTANKO’s value to our members
• Develop marketing materials targeted at different levels within a company to cater to:
1. Existing Members; 2. New/potential Members;3. External stakeholders
• For external stakeholders consideration will be given to whether they might view being an INTERTANKO Member as a positive sign that attracts advantageous treatment.
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MEMBER ENGAGEMENTINTERTANKO VALUE PROPOSITION
1. What are the 3 most important things INTERTANKO offers ?
to You as an individual // to your company
2. How would you describe INTERTANKO in one sentence ?
3. How would you describe the unique value of INTERTANKO - what is the Association’s strength?
4. What do you think INTERTANKO can improve on ?
What do ‘competitors’ do better than INTERTANKO ? What does INTERTANKO do better than them?
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OCIMF Sire WG/INTERTANKO Vetting VC
• Initiated by INTERTANKO VC Chairman• Initial focus was “the decline in the use of
the SIRE system by OCIMF members”• Issued discussed included:
- Increased sharing of ship inspection statistical data- Improved feedback systems on ship inspections and inspectors
- Development of best practice guidance on important areas of marine risk assurance- Development of matters related to crew competency
TANKER VETTING
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Leading the way; making a difference
KEY ELEMENTS of OCIMF Chairman letter
• “I emphasise to you the importance of continuing to utilise the existing inspection reports contained in the SIRE database to the greatest possible extent.”
• “I would ask all OCIMF members to ... take every opportunity to eliminate unnecessary inspections.”
• “I also ... remind you ... only to inspect the vessels needed to meet anticipated chartering requirements.
• “The SIRE system is a programme OCIMF members can be rightly proud of ... and I request your help in doing so by taking every opportunity to eliminate duplication in your inspection regimes.”
TANKER VETTING
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Recent issue on Vetting Committee agenda
Shell policy on ship visits by tanker company senior management and CEOs
• No collaboration with tanker owners/operators in developing policy
• Issues/concerns with policy1. Will it be productive?2. Will it leak into compliance?3. Why are officer conference not included?
• VC agrees to learn more details about this policy and work with Shell to make this initiative work better for INTERTANKO members
TANKER VETTING
Leading the way; making a difference
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50% discount for members - order your copy through www.witherbyseamanship.com
50% Discount*
* Members Only
Leading the way; making a difference
2014 ANNUAL TANKER EVENT
Venue – New York City
Dates – May 6 - 9, 2014
Events: Executive Committee MeetingCouncil Dinner and MeetingAnnual General MeetingGala DinnerTanker SeminarWorkshop
Leading the way; making a difference
THANKYOU!!WWW.INTERTANKO.COM