By Jonathan Saul LONDON, July 23 (Reuters) - A ban on 113 oil tankers by Nigerian state oil company NNPC must be lifted immediately as no grounds have been given for the measure, the global oil tanker industry association said in a letter of protest. NNPC issued a letter on July 15, citing a directive from President Muhammadu Buhari, which said the vessels, … [Read more...]
INTERTANKO: Tanker Owners Face Crew Retention and Ship Maintenance Issues
(Bloomberg) -- Oil-tanker owners will struggle to retain crews and maintain ships after losing the most money in four decades, according to the industry’s biggest trade group. The problems won’t ease any time soon because some vessel rates may take as long as four years to rebound, said Katharina Stanzel, the managing director of the International Association of … [Read more...]
An Executive Perspective on the Shipping Industry: INTERTANKO’s Chairman and Teekay EVP Graham Westgarth
Amid the hustle and bustle of this year's Connecticut Maritime Association Conference in Stamford, Connecticut last week, I met with the very modest and mild mannered Chairman of INTERTANKO, and Teekay's EVP for Innovation, Technology and Projects, Graham Westgarth. RA: Graham, thanks for taking the time to chat, tell me a little bit about your career and how you found … [Read more...]
Shipping industry wants “UN Force of Armed Military Guards” to replace private security firms on ships
A "Round Table" of international shipping associations including ICS, BIMCO, INTERTANKO and INTERCARGO has urged the UN to establish a "UN Force of Armed Military Guards" to replace unregulated privately-contracted armed security personnel deployed onboard individual merchant ships traveling in piracy-prone areas of the Gulf of Aden and Indian Ocean. The plea was made in a … [Read more...]
Shipping officials launch ‘SOS: Save Our Seafarers’ campaign to help fight piracy
Ship owners and seafarers are calling on ‘people power' to push their governments to act now and show the political will to resolve the growing Somali piracy crisis before it strangles world trade and before more innocent seafarers are tortured and murdered. The SOS Save Our Seafarers campaign, launched today by BIMCO, the International Chamber of Shipping (ICS), the … [Read more...]