SCA Says Prestige Sinking Shows Danger

Monday, November 25, 2002
The Shipbuilding Council of America (SCA) says the sinking of the 26-year old tanker Prestige illustrates the danger of continued operation of single-hulled tank vessels. The accident should serve as a warning to shippers who continue to look for cheap alternatives to modern, double-hull tank vessels. SCA has long been warning of the dangers of continued operation of aged single-hull tank vessels. “Unfortunately, even in the U.S., companies continue to charter older, single-hull tankers similar to the sunken Prestige at discounted rates,” stated SCA President Allen Walker. No new product tankers are under construction or on order for the domestic trades. Only 21 product tankers in the U.S.-flag fleet are currently double-hulled and 10 of those vessels are more than 16 years old today. The remainder of the U.S.-flag domestic fleet is made up of 11 single-hull tankers, all of which are greater than 20 years old, and 19 tankers with doublebottoms, but not double-sides. The Oil Pollution Act of 1990 requires all tank vessels operating in the domestic service to be double-hulled by January 1, 2015.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Oil Plunge Deepens High-yield Gloom

US crude fell to a more than six-year low this week, clouding the picture for a high-yield energy sector that already faces a significant cull when credit lines are reevaluated in autumn.

Oil Soars in Biggest One-day Rally in Years

Oil rocketed as much as 10 percent higher on Thursday, posting its biggest one-day rally since 2009 as recovering equity markets and news of diminished crude supplies

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Repair Ship Simulators Sonar
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: 0.2500 sec (4 req/sec)