INTERNATIONAL OIL COMPANIES TO CIRCULATE TANKER INSPECTION REPORTS

In late October 34 international oil companies will begin to circulate information on oil tankers collected through inspections in an effort to improve vessel and operating standards in the world tanker fleet. Each major oil company completes as many as 3,000 inspections/year on it; tankers, tankers it intends to charter, and tankers that plan to use its terminals. Until now, this information has not been shared.