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Thursday, January 18, 2018

SYDNEY MARKET SESSION TO EXAMINE “POST-ERIKA” CHARTERING PRACTICES

The outstanding improvement in the tanker market last year can partly be attributed to changes in chartering policies following the Erika accident. Oil companies and traders introduced policies favouring new, double hull tankers and, according to studies made by Simpson, Spence & Young, newer vessels were earning a 16 per cent premium over older vessels at the end of 2000.

At the Sydney Tanker Event 22-25 April, we will take a closer look at the impact of the Erika on the tanker market and Mr Adrian McMahon has accepted our invitation to present his views and analyses. Mr McMahon is a former manager of chartering and operations at BP Amoco Shipping (BPAS), where he was heavily involved in developing and implementing policies to reduce the risk of an incident, and at the same time building up strategic partnerships with independent tanker owners. Mr McMahon had the overall responsibility for all commercial operations at BPAS, including tanker and LPG chartering. After 23 years with BPAS, Mr McMahon has set up his own consultancy company and will be examining charterers’ “post-Erika” approach under the following headings:

  • Charterers’ behaviour in the market place
  • The impact of tanker pools
  • The impact of mergers and alliances
  • In which direction are oil companies headed for the future?

The Sydney Tanker Event will be held at the Sheraton on the Park Hotel, 22-25 April 2001, where the above issues will be discussed. Other sessions at the Event will have 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.

Registration for the Event is well underway and, with flights to Sydney proving increasingly busy, we would like to encourage potential delegates to make their bookings as soon as possible.

Please click here for a copy of the conference programme or contact Mr Anders Baardvik on:

Telephone: +44 (0)20 7369 1650

Telefax: +44 (0)20 7626 7078

E-mail: anders.baardvik@intertanko.com

At the same time we would like to remind all travellers to ensure that you have all visa requirements in order before leaving for Australia.

We look forward to seeing you in Sydney!