Planned Tanker Ban Could Put European Oil Supply At Risk

Monday, April 03, 2000
European plans drawn up in the wake of the Erika accident to crack down on aging tankers could endanger shippers' ability to supply oil to the continent, shipping analysts said. Detailed plans put to European Union transport ministers last week were stiffer than early outline proposals, they said.

The EU proposals demand that all single hull crude tankers above 20,000 deadweight tons and product carriers over 30,000 dwt should not be able to enter European ports after January 1, 2010.

Although the EU said in February that it would follow the U.S. Oil Pollution Act (OPA), enacted in 1990, and give operators until 2015 to upgrade their fleets to double-hulled vessels, European plans have now opted for a cutoff five years earlier than the American laws. The single hull tanker would be outlawed in Europe by 2010 if the plans are adopted.

Forcing vessels that could be just 15 years old out of the market - rather than allowing them to sail on until an average of 25 - would put enormous pressure on vessel supply and shipyards to replace them, analysts said. The 2010 cutoff for larger tankers would most drastically squeeze the supply of one-million-barrel Suezmax and 80,000-ton Aframax tankers.

The 30,000-ton workhorses of the dirty oil product sector would also come under heavy pressure, as most of the ships used to carry fuel oil are older vessels that can no longer be used for higher value clean petroleum cargoes.

Europe's oil trade is the largest in the world, with crude oil imports representing about 27 percent of the total, compared with 25 percent for U.S. imports. More than 2,000 million tons of crude and refined oil products were transported globally by sea in 1998.

The shipping industry opposes the new rules as too strict and says they should be applied globally through the United Nations body for marine affairs, the International Maritime Organization.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Korean Ferry Captain's Detention Could Extend As Death Toll Mounts

South Korean prosecutors investigating a ferry disaster said on Sunday they would seek to extend the detention of the ship's captain and two other crew by 10

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

Ports

Canaveral Tops State List for Sand Bypass Funding

The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

CMA CGM Strengthens Madagascar Presence

Since the creation of CMA CGM Madagascar in 2003, container shipping company CMA CGM Group has continued to develop on the island to move closer to its valued customers

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1446 sec (7 req/sec)