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International Association Of Independent Tanker Owners News

03 Jun 2022

MISC Makes Leadership Change

Captain Rajalingam Suramaniam. Photo courtesy MISC

MISC Group’s President/Group Chief Executive Officer (CEO), YBhg. Datuk Yee Yang Chien announced his plan to retire effective September 30, 2022. Datuk Yee will turn the helm over to Captain Rajalingam Subramaniam, MISC’s Chief Operating Officer and AET’s President & CEO, who will assume the role of MISC Group’s President/Group CEO effective October 1, 2022.Datuk Yee said, “It has been a great honour for me to be given the responsibility to lead MISC Group back in 2015. It is more than a job or duty for me…

29 Nov 2021

INTERTANKO Members Support Net Zero Emissions by 2050

© Alexey Marakhovets / Adobe Stock

The Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed that international shipping should strive to achieve net zero CO2 emissions by 2050. This doubles the level of ambition set in the International Maritime Organization’s Initial Strategy for GHG Emissions Reductions from International Shipping (IMO GHG Strategy), which currently calls for international shipping to reduce its emissions by 50% by 2050.INTERTANKO, which represents the majority of independent tanker owners and operators worldwide…

24 Nov 2021

Martecchini Named President of Webb Institute

Mark Martecchini (Photo: Webb Institute)

Webb Institute announced on Wednesday that Mark Martecchini will become the 16th president in the school's history, effective July 1, 2022. Selected by a Webb Board of Trustee search committee Martecchini will succeed R. Keith Michel who has served as Webb’s president for the past nine years.Board of Trustees chair Bruce S. Rosenblatt, said, “[Martecchini] is a visionary leader who is passionate about the mission of Webb Institute and is committed to building upon our 130-year history of excellence in engineering education.” During a 38-year career with Stolt-Nielsen…

18 Dec 2019

INTERTANKO Releases Standardized Gas Form

The International Association of Independent Tanker Owners (INTERTANKO) has released updated Gas Form C forms for LPG and LNG with the intent on standardizing both the forms themselves and the information provided on them.Currently, a large number of Gas Form Cs are company-specific, often referring to commercially sensitive information such as speed and consumption, which can alter throughout the stages of a vessel’s life.The new forms will assist INTERTANKO Members, as well as the industry at large, with improving the quality of the documents that are publicly available.“The role of the Gas Form C was identified as an Owners’ document that is predominantly used during the negotiation of a deal.

27 Nov 2019

Joseph Angelo Awarded Global Maritime Prize

The prestigious International Maritime Prize for 2018 has been presented to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated in International Maritime Organization (IMO) meetings for many years, providing leadership on a number of key regulatory developments.IMO Secretary-General Kitack Lim presented the prize on Monday (25 November) at the annual IMO Awards ceremony. Lim outlined Angelo's long commitment to IMO and his reputation as a technical expert, diplomat and problem solver - who earned the nickname, "IMO‑Joe".

13 Sep 2019

Top Industry Bodies Preps for Sulfur Target

Leaders of the major shipping industry trade associations - international shipping associations representing shipowners BIMCO, International Chamber of Shipping (ICS), International Association of Dry Cargo Shipowners (INTERCARGO) and International Association of Independent Tanker Owners  (INTERTANKO) met in London yesterday (September 13) to consider the transformational issues affecting the sector.Top of the agenda were the preparations for the implementation of the 2020 Global Sulfur Limit. With less than four months to go until the introduction of the new limits on sulfur emissions from shipping, there is still significant uncertainty…

23 Jul 2019

"IMO Joe" Angelo Honored

Mr. Joseph J. Angelo (Photo: IMO)

The International Maritime Prize for 2018 will be awarded to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated in International Maritime Organization (IMO) meetings for many years, providing leadership on a number of key regulatory developments.The IMO Council, meeting for its 122nd session in London (July 15-19) decided to award the Prize to Mr. Angelo, in recognition…

22 Jul 2019

Joseph Angelo Wins Global Maritime Prize

The prestigious International Maritime Prize for 2018 is to be awarded to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated in International Maritime Organization (IMO) meetings for many years, providing leadership on a number of key regulatory developments.The International Maritime Organization (IMO) Council, meeting for its 122nd session in London (15-19 July) decided to award the Prize to Angelo, in recognition of his invaluable contribution to the work and objectives of IMO and to the international maritime community as a whole.In their nominations…

15 Jul 2019

INTERTANKO Director Visits EU NAVFOR

Operation Atalanta Operation Headquarters (OHQ) welcomed a visit from Phillip Belcher, Marine Director at the International Association of Independent Tanker Owners (INTERTANKO), as part of key EU NAVFOR relations with the shipping industry at a strategic level.Operation Atalanta, formally European Union Naval Force (EU NAVFOR) Somalia, said in a press release that Belcher visited to hold a meeting regarding the latest developments in counter-piracy operations and the last incidents in the Indian Ocean.The meeting was chaired by Operation Atalanta’s Deputy Commander, Rear Admiral Giovanni Battista Piegaja. Also in the meeting were Operation Atalanta’s Political Advisors…

03 Jun 2018

Marshall Islands to Address Shipping Safety Concerns

The Republic of the Marshall Islands (RMI) has submitted a paper to the International Maritime Organization (IMO) Intersessional Working Group (ISWG) on the consistent implementation of the 2020 global fuel oil sulphur standard under MARPOL Annex VI. The submission, which was co-sponsored by the Republic of Liberia, the Baltic and International Maritime Council (BIMCO), the International Chamber of Shipping (ICS), the International Association of Dry Cargo Shipowners (INTERCARGO), the International Association of Independent Tanker Owners (INTERTANKO), and the World Shipping Council (WSC), is intended to assist the ISWG in developing guidelines on the implementation of regulation 14.1.3 of MARPOL Annex VI.

17 Nov 2014

Drydocks World hosts INTERTANKO Team

Drydocks World received a high-level delegation of the Council members from the International Association of Independent Tanker Owners (INTERTANKO) on 11 November. The delegation included Mr. Olav Eek Thorstensen, MD & CEO of Thome Shipmanagement, Ms. Ann-Marie Astrom, Vice Chairman of the Rederi AB Gotland. The delegation also included members of the board: Mr. Derya Sabaz, COO / Co-owner of v Besiktas Likid AS, Mr. Takis E. Koutris, Managing Director of Roxana Shipping SA, Mr. Tim Horne, Managing Director of Teekay, Mr. Wellington Koo, Executive Director of Valles Shipping and Mr. Erik Ranheim, Staff Member of the International Association of Independent Tanker Owners (INTERTANKO). The delegation met senior management and operational figures in the Drydocks World group, led by Eng.

10 Feb 2014

Is NAT Approaching Recovery?

Nordic American Tankers (NAT) published its financial results from 4Q 2013, noting an expected increase in tanker rates that the company expects to play a role in its recovery. In early December 2013 the Suezmax tanker rates increased significantly compared with the average for 2013. A few weeks into 2014 the rates have weakened again. We expect improved results in 1Q 2014. The timecharter results of NAT were slightly lower in 4Q 2013 than in 3Q 2013. Short term rates in the tanker market are very volatile.

08 Nov 2013

Doyle Talks LNG, Exports, Panama Canal with Japanese Officials

From left: Kazuhiro Yokoi (Chubu Electric Power Company), David Tubman (FMC), Yoshiro Taguchi (Japanese Embassy), Hidehiro Muramatsu (Japan Oil, Gas, and Metals National Corp.), William Doyle (FMC Commissioner), Takashi Horie (Mitsubishi), and Nobukazu Nagai (Japan International Transport Institute, USA).

Earlier this week, Commissioner William P. Doyle met with Japanese public and private sector officials to discuss U.S. natural gas, exports, and the Panama Canal. Japan is the world's largest importer of liquefied natural gas (LNG). The country has relied on imported natural gas for decades as part of its energy portfolio. However, the Tohoku earthquake and tsunami of March 11, 2011, disabled the Fukushima Daiichi Nuclear Power Plant. Subsequently Japan has increased its level of reliance on LNG imports. The U.S. may become an important LNG supply source for Japan in the coming years.

09 Oct 2013

Panama Canal Expansion: Future Toll Structure Discussed

Photo courtesy of ACP

The Panama Canal Authority (ACP) Administrator Jorge L. Quijano has met with the Union of Greek Shipowners, the International Association of Independent Tanker Owners (INTERTANKO) and the International Association of Dry Cargo Shipowners (INTERCARGO) to discuss the waterway's toll structure when the expanded Canal opens to commercial transits. The Expansion Program will build a new lane of traffic along the waterway through the construction of a new set of locks, which will allow the transit of vessels with more tonnage capacity. Currently, the Expansion Program is 64.6% complete.

18 Apr 2013

Panama Canal, Vehicle Carriers Discuss Expansion Program

Canal Authority (ACP) Administrator Jorge L. Quijano

As part of the permanent dialogue with the shipping industry, a Panama Canal Authority (ACP) delegation headed by Administrator Jorge L. Quijano visited South Korea to hold discussions with the vehicle carrier market segment and obtain feedback on the future toll structure being developed by the ACP that will go in effect upon completion of the Canal Expansion Program. Canal officials met with the Korea Shipowners’ Association, Hanjin Shipping and STX Pan Ocean, Ltd. The delegation also met with several vehicle and heavy equipment companies.

08 Feb 2013

ACP Administrator Meets Members

Administrator Jorge L. Quijano

As part of the ongoing conversations with the shipping industry, a Panama Canal Authority (ACP) delegation headed by Administrator Jorge L. Quijano met with the International Association Of Independent Tanker Owners (Intertanko) and the International Association Of Dry Cargo Shipowners (Intercargo) in London. This meeting is part of the permanent dialogue that the Panama Canal holds to reaffirm its relationship with customers and get feedback on their needs in anticipation of the opening of the Third Set of Locks.

17 Jan 2013

IMO Bodies Urge Continued Anti-piracy Measures

IMO and shipping industry bodies urge continued application of anti-piracy measures despite decrease in pirate attacks. The International Maritime Organization, the International Chamber of Shipping (ICS), BIMCO, the Oil Companies International Marine Forum (OCIMF), the International Association of Independent Tanker Owners (INTERTANKO), the International Association of Dry Cargo Shipowners (INTERCARGO), the International Parcel Tankers Association (IPTA), and the International Shipping Federation (ISF), welcome the recent decrease in the number of attempted and successful attacks against ships by Somalia-based pirates operating in the Gulf of Aden and the western Indian Ocean.

06 Aug 2012

Straits of Malacca & Singapore Marine Electronic Highway Handover

'Marine Electronic Highway' (MEH) IT systems handed over to Indonesia as project comes closer to fruition. The Straits of Malacca and Singapore, situated between Sumatra and the Malay peninsula, are approximately 1,000 kilometres long, 300 kilometres wide at their north-west entrance, and just 12 kilometres wide at their south-east entrance, between Singapore and Indonesia’s Riau Archipelago. The Straits are shallow, with narrow channels, irregular tides and shifting bottom topography, and hence are hazardous to navigation for large ships, but are a preferred route for them. The Marine Electronic Highway (MEH) Information Technology System for the Straits of Malacca and Singapore…

15 Nov 2010

Swift Receives IMO Lifetime Achievement Award

Photo courtesy INTERTANKO

Dr. Peter Swift has been presented, by the Secretary General of the IMO, Efthimios Mitropoulos, with a special Tanker Shipping & Trade Lifetime Achievement Award. Appointed in February 2001 as Managing Director of INTERTANKO (The International Association of Independent Tanker Owners), Swift has spent the last ten years representing the interests of more than 250 oil/chemical tanker owners with over 260m dwt of tonnage and a further 320 associate members from the broader shipping industry. Swift is a graduate of King’s College, Durham (UK) where he studied naval architecture.

09 Feb 2011

Summary Judgment Sought Against Mass. 2009 Oil Spill Law

The American Waterways Operators (AWO), the International Association of Independent Tanker Owners (INTERTANKO), the Chamber of Shipping of America, the International Chamber of Shipping, and the International Group of Protection & Indemnity Clubs filed a Motion for Summary Judgment on Friday, January 28 in U.S. District Court for the District of Massachusetts against a 2009 Massachusetts oil spill law. The plaintiffs also requested that the judge issue a Permanent Injunction to enjoin its enforcement. The Motion charges that the spill law is unconstitutional and undermines marine safety and environmental protection. The state law being challenged compels vessel operators to comply with state – not Federal – requirements for transit through Buzzards Bay.

12 Apr 2011

ABS Elects New Council and Committee Members

•  Angeliki N. •  Michael Wyllie, Offshore Energy Development Corporation/SBM Offshore N.V. •  William T. •  Capt. •  Dr. Bo Cerup-Simonsen, A.P. •  Joseph J. •  Soli Engineer, Executive Director, Great Offshore Ltd. •  RADM Philip H. Greene, Jr., Superintendent, U.S. •  Hiroshi Kato, President, Toyo Shipping Line Co., Ltd. •  Naresh Kumar, Chairman & Managing Director, Deepwater Drilling & Industries Ltd. •  Lee, Jai-Seong, President & CEO, Hyundai Heavy Industries Co., Ltd. •  VADM H. S. Malhi, AVSM, VSM, Chairman & Managing Director, Mazagon Dock Ltd. •  John “Jack” D. •  Ted C. •  Capt.

14 Jun 2011

Interview: Joe Angelo, MD, INTERTANKO

In shipping, there’s little that one can count on from year to year. The word “change” comes to mind immediately. Another constant is a steady hand at the helm at the International Association of Independent Tanker Owners (INTERTANKO), the voice of the world’s collective tanker market. So, when Joe Angelo replaced long time (10+ years) INTERTANKO stalwart Peter Swift as INTERTANKO Managing Director less than 4 months ago, industry watched closely for any changes in course. But INTERTANKO's new MD is anything but an unknown quantity and he clearly hit the ground running. In April, MarPro caught up with him at his Arlington, VA offices for a SITREP on the world of tankers.

02 Feb 2012

Doyle Named VP Development at USMRC

The United States Maritime Resource Center (USMRC) and the Maritime Simulation Institute said that Margaret Kaigh Doyle has been appointed Vice President – Development, effective January 30, 2012. Doyle has more than 25 years of experience in the maritime industry and the majority of her career has focused on representing the interests of various sectors in the industry including ship owners and operators, government agencies and salvage and firefighting organizations. Prior to joining USMRC…