Independent oil-tanker industry must solve commercial, environmental problems

The 157,331-dwt M/T Sabine, built in 1998, is owned by OMI Corp., Stamford, Conn., an Intertanko member.Click here to enlarge imageMy charge is to trace the evolution of the tanker industry and of Intertanko. I will expand on that mandate somewhat and take a look at certain issues facing the oil tanking industry and the challenges for Intertanko in the years ahead. Early challengesWhen I became chairman of Intertanko in 1987, it had come to represent 85% of the world's independently owned tanker fleet. And its respectability and industry following were contributed to by solid work on the various technical, commercial, legal, political, and regulatory fronts in which the industry was...

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