DREWRY: SUBSTANDARD TANKERS SHOULD BE REMOVED FROM FLEET

Substandard tonnage must be removed from the world oil tanker fleet to improve environmental and safety standards, says Drewry Shipping Consultants Ltd., London. Meantime, the International Association of Independent Tanker Owners (Intertanko), Oslo, contends that as much as 30% of the world's 264 million dwt fleet is surplus to market requirements. It says the only encouraging market trend is the increasing number of ships going to scrapyards.

Oct 26th, 1992
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