INTERTANKO International Association of Independent Tanker Owners
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Transcript of INTERTANKO International Association of Independent Tanker Owners
Leading the way; Making a difference
INTERTANKOInternational Association of Independent
Tanker Owners
Singapore MeetingsMay 2012
DMDs Overview:Association Finance
Priorities + Strategic Plan
Katharina StanzelDeputy Managing Director
INTERTANKO
Leading the way; Making a difference
Financial Statements 2011
• E&Y Audit successfully completed
• Operating income: US$ 200k above budget
publications/ tanker event/ membership up
• Operating expenses: ~5% below budget
tight cost control, reduced travel, lower representation expenses
ExCom reimbursement 50% only
• Result for the year just under US$ 955k
=> Cash Reserve 31.12.11 US$ 7 036 507
Leading the way; Making a difference
2011 Figures (US$)
2011 2011 2012 (Actual) (Budget) (Budget)
Operating Income 7,753,228 7,572,650 7,401,925
Operating Expenses -6,886,593 -7,217,450 -7,373,997
Operating Result 866,635 355,200 27,928
Non-operating Income/expenses 87,303 -25,000 -25,000
Result for Year 954,938 330,200 2,928
Leading the way; Making a difference
2012 BUDGET
2010 membership fees -10%
No change in 2011 membership fees
2012 membership fees -5%
Leading the way; Making a difference
BUDGET (US$)
2011 2011 2012 (Actual) (Budget) (Budget)
Operating Income 7,753,228 7,572,650 7,401,925
Operating Expenses -6,886,593 -7,217,450 -7,373,997
Operating Result 866,635 355,200 27,928
Non-operating Income/expenses 87,303 -25,000 -25,000
Result for Year 954,938 330,200 2,928
Leading the way; Making a difference
Outstanding Fees 8. May 2012
Members: 58 US$ 1 253 378Assoc. M.: 82 US$ 236 586FDIP: 14 US$ 20 160
Total 154 US$ 1 490 024
Leading the way; Making a difference
Five Year Strategic PlanScenario Planning
Macro Environment Analysis
INTERTANKO
Political
Socio-Cultural
EnvironmentalTechnological
Economic
Macro-environment
Political
Global Economic Shift of Powers -China/ India/
Brazil- Europe failing
Free market distortions- Regional
Protectionism
Regulatory Environment politicised - Regional regulation
- Sanctions etc.
Security Issues (Piracy)
Economic
Market Dynamics(Fleets, Cargos,
Finance)Tonne mile
demandFuel availability/
costGrowing national
protectionism
Growth of national fleets/
interests
Environmental
Globalised Concerns, e.g. Ballast WaterNox, Sox, PM,
GHG
Technological
Compliance options through
technology
Availability of abatement/
treatment tec.
Availability of FuelsLNG
Distillates
Socio- cultural
Human Resources:
- Availability/ Recruitment
- Competency- Training
Expectations from
Legislators Politicians
Public
Overregulation
Political decision making
Need for Cooperation with
other associations/
orgs
65
3
1
4
2
Markets Good
Markets Bad
Geopolitics unstable
Geopolitics stable
EnvironmentalConcern
Reasonable
Envl. ConcernExtreme 8
5 6
Leading the way; Making a difference
Scenario Market Conditions
Geo-political Environment
Environmental Concern
1 Dark Green good stable extreme
2 All hands on deck good unstable extreme
3 Lay-up bad stable extreme
4 MAYDAY bad unstable extreme
5 Full Ahead good stable reasonable
6 Privateers ahoy good unstable reasonable
7 Customer is King bad stable reasonable
8 Hard aground bad unstable reasonable
Markets Bad
Market: goodGeopolitics: uncertain
Environmental Concern: extreme
Market: goodGeopolitics: uncertain
Environmental Concern: extreme
Markets Good
Geopolitics unstable
Geopolitics stable
Scenario Market Conditions
Geo-political Environment
1
- Global fleet capacity matches global demand- Economic growth + oil demand stable- Regulatory Environment workable- Political stability in oil producing regions- Global security risks to shipping manageable
good stable
2
- Global fleet capacity matches global demand- Economic growth + oil demand stable- Regulatory Environment workable- Political instability in oil producing regions- Regionalised political issues (e.g. sanctions/regulation)- Lack of coherent approach to security risks (piracy etc.)
good unstable
3- Global fleet capacity exceeds demand- Regulatory Environment exceedingly stringent/ difficult to comply with/ regionalised- Political stability in oil producing regions- Global security risks to shipping manageable
bad stable
4
- Global fleet capacity exceeds demand- Regulatory Environment exceedingly stringent/ difficult to comply with/ regionalised- Political instability in oil producing regions- Regionalised political issues (e.g. sanctions/regulation)- Lack of coherent approach to security risks (piracy etc.)
bad unstable
Leading the way; Making a difference
Strategic Objectives
• To develop and promote Best Practices in all sectors of the tanker industry, with owners and operators setting the example. (BP)
• To be a positive and proactive Influence with key stakeholders, developing policies and positions, harmonising a united industry voice and engaging with policy and decision makers. (I)
• To profile and Promote the Tanker industry, communicating its role, strategic importance and social value. (PT)
• To provide key Services to Members with customised advice, assistance and access to information, and enabling contact and communication between Members and with other stakeholders. (S)
Leading the way; Making a difference
Major Issues
• Greenhouse Gas Emission Reductions• Air Emission Reductions• Ballast Water Management• Global Maritime Security Threats• Tanker Safety & Performance• Sustainability• Human Element
Leading the way; Making a difference
Major Issues & Desired Outcomes
Greenhouse Gas Emission Reductions
• Members’ new tankers meet/exceed, required EEDI and CO2 emission reductions targets
• Develop solid industry practices & monitoring system for GHG emission reductions from tankers in operation (in cooperation with other stakeholders such as OCIMF, allowing Members’ tanker fleets to achieve & demonstrate increases in efficiency
• IF legislation on MBMs to be implemented, support/ promote most practical & transparent alternative at IMO (not regional)
Leading the way; Making a difference
Major Issues & Desired Outcomes
Air Emission Reductions
• Global switch to cleaner fuels• Members fully advised on best choices for compliance with ECA
requirements (and on how to assess and select scrubbers) • Revised EU Sulphur Directive aligned with MARPOL Annex VI
Leading the way; Making a difference
Major Issues & Desired Outcomes
Ballast Water Management• Members able to achieve compliance with current and future
discharge standards (both regionally and internationally)
Leading the way; Making a difference
Major Issues & Desired Outcomes
Global Maritime Security Threats
• Members suitably informed to protect vessels & crew from maritime security threats
• Key stakeholders develop policies & positions benefiting whole industry
• Members suitably informed of sanctions that affect their trading patterns and decisions
Leading the way; Making a difference
Tanker Safety & Performance• Members proactively positioned for top performance with
regard to safety & performance
Sustainability• Members have access to tools, models and information to
enable them to continue operating
Human Element• Members have access to tools, models and information to
enable them to continue operating
Major Issues & Desired Outcomes
Leading the way; Making a difference
Leading the way; Making a difference
Greenhouse Gas Emission Reduction
Desired Outcome: Members’ new tankers meet/ exceed required EEDI values and CO2emission reduction targets
Tactics:• Advise and support members in complying and exceeding EEDI (S)• Create central database of EEDI values managed by INTERTANKO (PT)• Analyse collected data to assess level of compliance (BP, S, PT)• Report on results to members & other stakeholders e.g. to assist in
IMO’s review of EEDI compliance (BP,I,PT)• Liaise with Designers, Manufacturers, Charterers, other stakeholders to
drive developments for safe, cost effective, environmentally sound tankers (S)
Leading the way; Making a difference
Greenhouse Gas Emission Reduction
Desired Outcome: Development of solid industry practices & a monitoring system for GHG emission reductions from tankers in operation, in cooperation with other stakeholders (e.g. OCIMF), allowing Members’ tanker fleets to achieve and demonstrate increases in efficiency
Tactics:• Create environmental performance database (S)• Analyse collected data for periodical assessment of members’ emissions
and efficiency improvements (BP,PT,S)• Report on results to members, regulators and other stakeholders in
order to demonstrate industry sector performance (BP,I,PT,S)• Communicate Industry’s environmental credentials and increases in
efficiency alongside its role in serving world trade (PT)
Leading the way; Making a difference
Greenhouse Gas Emission Reduction
Desired Outcome: IF MBM legislation were to be implemented, support/ promote most practical & transparent alternative at IMO, not at regional level
Tactics:• Continue to monitor/ influence IMO, US & EU legislators and contribute
to rule development by providing information on the likely fleet-wide impacts of various MBMs (I, PT)
• Participate in the UNFCCC process alongside IMO where appropriate and beneficial (I,PT)
Leading the way; Making a difference
Air Emissions Reduction
Desired Outcome: [Global switch to use cleaner fuels] Should this policy decision continue to be pursued ?Tactic:Use opportunities, conferences, publications, articles to present advantages
of use of clean fuels as major factor in reducing air + GHG emissions (I)
Desired Outcome: Revised EU Sulphur Directive aligned with MARPOL Annex VI
Tactics:• Continue work with EU DG Environment and members of EU Parliament
and Council as well as other stakeholders to guide decision making (I)
Leading the way; Making a difference
Desired Outcome: Members fully advised to make right choices for compliance with ECA requirements (and on how to assess and select scrubbers)
Tactics:• Issue guidance to Members for compliance with ECA requirements (BP,S)• Issue list of critical issues members should investigate when assessing/selecting
scrubbers (incl. justifications and clarification of issues) (BP,S)• Gather feedback from Members on their decision making regarding ECA
compliance and experience with measures taken (BP)• Update INTERTANKO guidelines on Bunkering, Fuel Switching etc. (BP)• Ensure guidance and critical issue lists are continuously improved as
experience is gained either through additional information from manufacturers or feedback from members (BP,S)
• Monitor and liaise with refining industry with regard to changing refining processes and fuel availability issues and push to see global sulphur cap of 0.5% enforced in 2020. (I)
• Assess to the extent possible availability of adequate marine fuels (S)
Air Emissions Reduction
Leading the way; Making a difference
Ballast Water Treatment
Desired Outcome: Members able to achieve compliance with current and future ballast water discharge standards on a regional and international basis and remain compliant in future.
Tactics: Installation and Operation of BWTS• Provide Members with information on physical installation & operation of
ballast water treatment systems through knowledge sharing in relevant Committee meetings and through the Weekly News and Environmental Bulletins (BP,S)
• Based on the experience gained by members, develop and promote best practices on the installation and operation of BWTS through updates of the INTERTANKO Ballast Water Treatment Systems Guide (BP)
• Monitor and report on the progress of INTERTANKO’s members in meeting current ballast water discharge standards in order to positively and proactively influence any future amendments and changes to regional and international ballast water legislation (I,PT)
Leading the way; Making a difference
Tactics: Regulatory Focus (compliance and enforcement)• Engage with regional and national authorities with a view to promoting the
implementation of the International Ballast Water Convention as a single, international regulatory regime (I)
• Develop a comprehensive document outlining the various technical, practical and compliance challenges of installing and operating BWTS on tankers in order to positively and proactively influence the regulatory authorities responsible for developing the type approval and PSC enforcement processes for BWTS (I,PT)
• Promote a robust and practical type approval process adequate to ensure the compliance of the vessel once the system is installed on board (I,S)
• Positively and proactively influence the PSC compliance and enforcement process drawing particular attention to the need for uniformity and harmonization with the type approval process (I)
Ballast Water Treatment
Leading the way; Making a difference
Global Maritime Security Threats
Desired Outcome: Members suitably informed to enable them to protect their vessels and crew from maritime security threats.
Tactics:• Proactively engage in the debate on best practice, collate member
feedback and look for innovation which may lead to more secure vessels (BP,S)
• Provide clear advice on the most recent trends and best practice to members on request (S)
• Continue to develop and promote best practices and BMP guidelines as requirements evolve in cooperation with key partners, striving for a common voice (BP,I,S)
• Maintain the timely advice issued through the INTERTANKO Security Bulletins which are collated from key sources, but primarily UKMTO and ensure that lessons learnt from incidents are clearly shared with the membership (BP,S)
Leading the way; Making a difference
Global Maritime Security Threats
Desired Outcome: Key stakeholders positively and proactively influenced so that policies and positions are developed for the benefit of the whole Industry to ensure freedom of navigation.
Tactics:• Continue to participate in and contribute to the international
efforts to eradicate piracy. This includes work with the five UN WG’s for PCS, IMO, Industry partners, UKMTO, MSCHoA, NATO, EC, FCO/DfT (I,PT)
• Use feedback and firsthand experience from members at suitable speaking events to strengthen the Industry voice and ensure it is heard (I,PT)
Leading the way; Making a difference
Global Maritime Security Threats
Desired Outcome: Members suitably informed of international, regional and national sanctions that affect their trading patterns, to enable them to make informed decisions on lawful trade.
Tactics:• Monitor international, regional and national sanctions and
provide regular guidance to Members via Weekly News, targeted bulletins, and in response to individual questions (S)
• Work with key partners including the International Group of P&I Clubs and other shipping industry associations to ensure sanctions legislation is clear, workable and properly targeted (I)
Leading the way; Making a difference
Tanker Safety & PerformanceDesired Outcomes: INTERTANKO members proactively positioned as top
performers in terms of tanker safety and performance: zero fatalities, zero pollution, zero detentions
Tactics:• Develop guidance and best management practices with members and
other industry bodies on issues which are key to tanker safety & performance (BP,I)
• Provide information to members so that they have a clear understanding of the requirements set by IMO, regulators/ administrations, OCIMF, oil majors, charterers and class societies amongst others (S)
• Work with ship inspection organisations, oil companies and port state authorities to ensure that the global ship inspection and vetting regime is unified and streamlined resulting in fewer inspections per ship per year (BP,I,PT)
Leading the way; Making a difference
Tanker Safety & Performance
Tactics (contd):• Provide leadership on the development of guidance and best
management practices for key industry practices/ policies within industry bodies, national regulatory bodies and the IMO, to influence the development of regulations (BP,I,PT)
• Review tanker safety and performance databases and ensure that what is being measured is optimum and presented in the most useable format. Propose updates as necessary and promote a framework of continuous improvement (PT,S)
• Actively collate and promulgate the latest initiatives regarding tanker safety and performance to members within an open and positive feedback process (BP,S)
Leading the way; Making a difference
Sustainability
Desired Outcome: (Development and provision of tools, models and information to assist Members to continue operating) to be reviewed
Tactics:• Provide members with the most up-to-date tanker market information
on a regular basis (S)• Develop the optimal speed model (S)• Investigate alternative methods to handle additional bunker costs(I)• Expand Worldscale Committee mandate and task committee to engage
in discussions with brokers (S)
Leading the way; Making a difference
Human Element
Desired Outcome: No unfair treatment or criminalisation of seafarersTactics:• Develop Terms of Reference for Criminalisation Working Group and co-ordinate
Working Group to study criminalisation and effect on safety/recruitment• Enable best practice to be followed in reporting and investigation of incidents,
thereby enable lessons to be learned. • Raise awareness of criminalisation of seafarers and detrimental local laws and
judgments for all instances of criminalisation• Engage with governments / IMO to promote UNCLOS and MARPOL and to bring
national laws into line
Desired Outcome: Well trained, competent crewsTactics:
Leading the way; Making a difference
Key Focus Areas
Safety/Technical Seafarers Environment Marine Operations
Regulatory / Legal Information
Top priorities for 2012
Damage stability Inert gas
Shipyard standards Class standards
Fuel quality Mercury in crude
Criminalization Crew competence
Shore access Fair treatment of
Seafarers
GHG emissions Ballast water
Reception facilities Air emissions
Piracy Vetting
Port State Control Chemical
operations
Sanctions Limits of liability
insurance Oil spill
compensation
Tanker market Panel meetings
IO web page
Other work plan issuesTanker design
Structural Integrity Machinery/equipment
Fuel switching Safe tank entry Gas detection
Biofuels Cargo properties
Crew visas Seafarer ID docsAccommodation
sp. Cadet berthing
Ship recycling Anti-Fouling
Waste management
Noise pollution Response mgmt. Hull biofouling
Ship striking mammals
Loadlines off SA Lifesaving app
PilotagePort & TerminalsNavigation issues
Offshore operations
Ship/Ship transfer ISPS Code
Security OfficersShip sec alert sys
Accident investigations
Conflict in lawUNCLOS
LegislationCharter parties
FDIPDemurrageIntellectual
propertyWorldscale
Anti-corruption
Weekly NewsAnnual review/
reportPublications
PresentationsTanker statisticsIncident analysis
WorkshopsSeminarsBulletins
Global political/ economic
environment