INTERTANKO’s Executive Committee (ExCom) recently held its third meeting for 2012 in Rome, Italy, focusing on the major issues currently facing independent tanker owners such as tanker market sustainability, piracy, ballast water management and air emissions. Participants expressed concern over the state of the tanker industry and the rising costs of shipping, which are considered the most crucial issue facing INTERTANKO’s Members. They noted that, while independent owners acknowledged to have contributed to the problems by over-ordering, current market levels could actually endanger the supply chain element of safe, sustainable transportation of oil, products and chemicals.
Officer of the Watch 