Wednesday, 28 November 2012

Current tanker market threatens tanker industry sustainability

The tank owners are quite ill at ease that the present tanker market is jeopardizing the sustainability of the tanker industry.  Mr. Koji Sekimizu, Secretary General of the International Maritime Organization (IMO), speaking recently to INTERTANKO’S Council in London, pointed out the contribution by the tanker industry to the world economy. He went on to say: “Without the tanker industry, the world cannot survive—this is fact and reality”. And INTERTANKO’s Managing Director Katharina Stanzel was a little elaborative on the issue and said: “The sustainability of the tanker industry is a balancing act between economics, tanker safety, the environment, and the demands of our global society which depends on the safe transportation of liquid energy for its way of life. At our council meeting, our members made abundantly clear that tanker operators cannot continue to operate at current freight levels. The issue of the tanker industry sustainability should be a topic of public conversation”. Senior leaders of the tanker industry were all of the opinion that all stakeholders must be involved to take steps as to benefit all concerned and with that end in view, the Association should interact with all the stakeholder groups to find a way to handle the current situation maintaining all the same the highest standards of safety and quality.



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