“ “ Owners and Managers Owners and Managers delivering in troubled times ”delivering in troubled times ”

Peter M Swift,Peter M Swift,MD, INTERTANKOMD, INTERTANKO

Financial Crisis / Global Financial Crisis / Global RecessionRecession

CONTINUE in troubled times:CONTINUE in troubled times: To MAINTAIN shipsTo MAINTAIN ships To TRAIN staffTo TRAIN staff To be SOCIALLY RESPONSIBLETo be SOCIALLY RESPONSIBLE

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Shipping & Shipyard SurplusesShipping & Shipyard SurplusesTOO MANY TOO MANY ShipsShips ShipyardsShipyards Ship managers ?Ship managers ?

Other than MARKET FORCES, are Other than MARKET FORCES, are OTHER CONTROLS possible ?OTHER CONTROLS possible ?

PiracyPiracyA CONTINUING PROBLEM,A CONTINUING PROBLEM, SOMALIA - No nearer a solution ?SOMALIA - No nearer a solution ? More military assets ? More military assets ? Armed guards on more vulnerable ships ?Armed guards on more vulnerable ships ? OTHER AREAS OF THE WORLD forgotten ?OTHER AREAS OF THE WORLD forgotten ? Negative effects on crews ignored ?Negative effects on crews ignored ?

Manning CrisesManning Crises Continuing shortageContinuing shortage Quality issue as much as a quantity Quality issue as much as a quantity

issue ?issue ? More needed to ensure competencies More needed to ensure competencies

and experience ?and experience ? Compulsory berths on all new ships ?Compulsory berths on all new ships ? Higher standards of accommodationHigher standards of accommodationANDAND CriminalisationCriminalisation

Life cycle Building to

Decommissioning- Recycling

ODS = OzoneDepleting Substances(cooling medium)

NOx, SOx, PMAnnex VI

WasteManagement

Accidental oil pollution Ballast water Toxic

Antifoulingand Biofouling

CO2/GHG emissions

VOC = VolatileOrganicCompounds

Ship Strikes with Cetaceans

Marine Noise Pollution Garbage

Sewage

Environmental Challenges

Climate ChangeClimate Change One of the biggest challenges for One of the biggest challenges for

the Shipping Industry ?the Shipping Industry ? How to ensure ship emissions How to ensure ship emissions

regulated through the IMO ?regulated through the IMO ? How to ensure no market How to ensure no market

distortions ?distortions ?

AND MoreAND MoreHow toHow to Maintain International Governance StructuresMaintain International Governance Structures Improve Information Sharing & Feedback LoopsImprove Information Sharing & Feedback Loops Cooperate better with regulatorsCooperate better with regulators

DELIVER IN TROUBLED TIMES ????DELIVER IN TROUBLED TIMES ????

Troubled Times ?Troubled Times ?