IMO phase-out proposals to hit Aframax, Panamax tankers hard

An Aframax tanker discharges a cargo of crude oil at Portland, Me. In October, IMO advanced two proposals for phasing out single-hull tankers that would hit this class of tanker (80,000-120,000 dwt) hard, according to shipping consultant Poten & partners, New York City. Final decisions about the accelerated phase-out plans will come at an April 2001 IMO meeting. (Photograph from Poten & Partners)Click here to enlarge imageAframax and Panamax oil tankers will be hit hard by phase-out timetables proposed for single-hull tankers by the International Maritime Organization. The effect will be even more drastic than on the industry's workhorse, the very large crude carrier (VLCC).Shippin...

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