| Published: |
12 February 1998 00:00
|
| Updated: |
18 July 2006 15:11
|
The Vancouver meeting offered senior tanker executives the opportunity to
meet the growing shipping community in Vancouver. The next meetings will be in
Singapore in May and in Brussels in October.
The Executive
Committee reviewed the effects of economic conditions
in the Far East on
shipping markets. Current economic conditions reinforce awareness of the extent
to which the livelihoods of tanker owners are subject to external macro-economic
factors beyond the control of an owner. Individual owners face difficult
decisions about ordering and scrapping in the face of such volatile
conditions.
INTERTANKO underlined the important role of the
International Association of Classification Societies, IACS, and its individual
members. It is essential for safety that the Classification Societies fulfil
their role in a strict and efficient manner. The classification societies are
one of the most important participants in the maritime safety
structure.
Two of INTERTANKO’s membership criteria - vessel
classification and ISM compliance - depend upon Classification Societies
performing
their services. Richard du Moulin was pleased to see the fine
progress made by INTERTANKO members in obtaining their ISM certification. As of
31st December 1997, 68% of INTERTANKO members have obtained their ISM Document
of Compliance for their organisations. INTERTANKO will shortly release figures
covering Safety Management Certificates of its members tankers.