Intertanko Names New Managing Director

Intertanko announced that Dr. Peter Swift (55) has been appointed as the new Managing Director of the Association after Mr. Dagfinn Lunde. He will take up his new position as from 1 February , 2001. Peter Swift, who was appointed after an extensive search-process, is currently Director of shipbrokers Seascope Shipping Ltd in London, with responsibility for Projects and Period business and new business development. Before joining Seascope Peter Swift had a 24-year career with the Shell Group where his last position was General Manager for Shell International Trading and Shipping Co. Ltd., responsible i.a. for Business Development, Portfolio Management, Globalization and Change Management. After pursuing an academic career as the Assistant Director for Marine Transport Economics at the University of Michigan, Dr. Peter Swift, who holds a Master of Science and a Ph. D in Engineering, joined the Shell Group as a naval architect with Shell International Marine Ltd in 1975 and subsequently held a number of key positions within the Shell organization. "We are delighted to welcome Dr. Peter Swift to the Intertanko team. Intertanko is pleased that the executive search process resulted in a so well qualified candidate as Peter Swift," said Intertanko Chairman Westye Hoegh. He has long experience in the tanker industry and is very well known and respected within the industry. Peter Swift has also been involved in Intertanko's work as the Chairman of Intertanko's Market Research Group, and as a Member of Intertanko's Communications and Public Relations Committee, so he already knows the organization well." Dr. Swift will initially be based in Oslo for familiarization, but the intention is that after a period he will be based in London where Intertanko intends to develop its presence further. "Intertanko has in recent months been constructively engaged in virtually all of the important issues affecting tanker owners such as: the discussions around the Erika incident; the analysis of the potential impact of the various phase-out proposals and discussions in the IMO; the development of an appropriate Condition Assessment System; tanker safety discussions in the EU; class issues and the fight against unilateral regulation of shipping, to mention but a few," said Dr. Swift.