Tanker ownership reflects fear of penalties

World Tanker Fleet and Expected New Building (22796 bytes) World Tanker Demolition (13872 bytes) Oil majors worldwide are increasingly pulling out of oil tanker ownership. Meantime, oil companies are insisting on higher standards of safety and environmental protection by tanker operators. Those are the views of Drewry Shipping Consultants Ltd., London, which says the oil tanker industry is going through a positive change as it tries to improve its spill record. The analyst sees the tanker industry's bid to clean up its act as a reflection of the fact that newspaper coverage of tanker accidents sometimes crowds reports of wars and politics off the front pages. "The environmen...

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