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Wednesday, October 17, 2018


The loss of the Erika in December 1999 initiated a busy and exciting year 2000 for the tanker industry. The accident caused great political unrest and prompted regulatory initiatives and reviews in areas such as accelerated phase-out of single hull tankers, liability and compensation for oil pollution damage, port state control, the role of classification societies and ports of refuge.

INTERTANKO has been actively participating in a multitude of discussions with governments and industry bodies on national, regional and international levels, seeking to stimulate developments based on a practical approach.

At the same time 2000 was a remarkable year for most tanker owners with freight rates reaching record levels not seen since the 1973 oil crisis. This outstanding improvement in the market can certainly be attributed in large part to changes in chartering policies following the Erika accident and to increasing oil and tonne per mile demand. 2000 also saw the delivery of 41 VLCCs with another 30 due for delivery in the course of 2001 while scrapping slowed dramatically.

Many of the above issues will be discussed at the Sydney Tanker Event, 22-25 April, which will be held in conjunction with INTERTANKO’s Annual General Meeting. The event will feature a strong focus on quality challenges and future standards, together with topics such as pilotage, piracy, e-commerce and the role of the tanker broker. The conference programme is being structured in such a way as to encourage participation in the discussions and open sessions preceding the Council meeting on Wednesday 25 April.

The aim of the Sydney Tanker Event is not simply to review the activities and achievements of INTERTANKO and the industry in the past, but rather to explore future scenarios and opportunities to continue the development of a sound framework for quality and safety standards for tankers and tanker operations. As an organisation we are dependent on the active input from our members, and would like to encourage as many as possible to participate in the Sydney meetings.

We therefore look forward to meeting with you in Sydney and hope that you will also encourage colleagues and other members to attend.

As Australia, and Sydney in particular, are popular travel destinations, we recommend that you make your bookings early and ensure that you have all Visa requirements in order before you travel.

If you have not already registered your attendance, please contact Mr Anders Baardvik on telephone +44 20 7369 1650, e-mail or Ms Clarice Tan on telephone +47 22 12 26 64, e-mail

Or click here to register online at