Sales for decommissioning approaching 17 m dwt

INTERTANKO has recorded 177 or 16.7 m dwt of tankers and combination carriers above 5,000 dwt sold for decommissioning so far in 2003.

According to MARPOL, all tankers built in 1973 and earlier are due for decommissioning/phase-out this year. 40 or 1.3 m dwt of the ships sold this year so far were built in 1973 or earlier.

According to the EU unilateral regulation, all single-hull non-PL-SBT tankers above 20/30,000 dwt built in 1980 and earlier will be closed out of EU waters and European flags from 21 October this year. In addition all single-hull tankers above 5,000 dwt carrying heavy oils will be denied EU port entry. Only 12 tankers (about 1m dwt) of the tankers sold this year so far were built after 1980.

This means that 137 tankers or 15.4 m dwt were sold ahead of the phase-out deadline. The age and size distribution of the tankers sold was as follows:

Year Built

 

Total

No

‘000 DWT

No

< 30 Kdwt

No

30 - 60 Kdwt

No

60 - 80 Kdwt

No

80-120 Kdwt

No

120-200 Kdwt

No

+200 Kdwt

>1970

1

262

10

1

0

0

0

0

1971

7

179

4

1

1

0

1

0

1972

1

486

7

1

1

0

1

1

1973

11

379

4

5

1

0

1

0

1974

15

715

11

1

0

1

0

2

1975

26

2,582

6

14

0

0

0

6

1976

27

4,595

6

7

1

2

1

10

1977

10

1,732

3

0

1

2

1

3

1978

15

1,830

3

1

3

3

3

2

1979

17

1,755

4

0

4

2

4

3

1980

14

1,210

0

1

6

1

6

0

1981

6

701

2

0

1

1

1

1

1982

2

163

0

0

1

0

1

0

1983

3

81

1

0

1

0

1

0

1984

2

52

0

0

1

0

1

0

Totals

177

16,721

61

32

22

12

22

28

The receivers of the tankers sold for decommissioning have been China (6.8 m dwt), India (4.4 m dwt), Bangladesh(3.9 m dwt), and we lack information on the balance.

The value of the 2.75 m tonnes of tanker steel sold for decommissioning was some USD 570 million. Ocean Tankers Pte. is reported to have sold the most tankers for decommissioning: 11 tankers totalling 1.2 m dwt, Dynacom next with 5 tankers totalling 0.6 m dwt. INTERTANKO has recorded 28 Panamanian, 22 Maltese, 16 Liberian, 13 St. Vincent & Grenada, and 11 Greek tankers sold for recycling. The figures include 8 combination carriers of some one million dwt. The average age of all tankers sold was 27.3 years. Tankers below 10-30,000 dwt were on average the oldest (29.4 years) and Panamaxes sold for recycling were the youngest (24.4 years). The U/VLCCs sold for decommissioning ranged in age from 22 to 31 years, an average of 27.7 years.