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Thursday, June 21, 2018

Did you get it right? Join us in Washington and find out.

At the Annual Dinner in Rotterdam last year, all the guests were invited to submit their 12-month forecast for the tanker market, based on a VLCC AG – Japan Worldscale rate. At the time, VLs were trading at an abysmal WS 28 and the general consensus was that the market would improve over the next twelve months but it would not be “very good”. Since then we have seen a market that kept trading in the WS 30-40 range until it improved sharply during the third quarter of last year, peaking at above WS 160 in January. Rates have since been volatile but at a fairly healthy average. Will the good times continue? Did you guess it right last year? Join us at the Washington Tanker Event 2003 and find out. The average estimate for April 2003 was WS 54.6 while the current market trades around the 100-mark. The winner of the contest will be announced at the Annual Dinner on Wednesday 9 April.

Plans for this year’s annual gathering are progressing swiftly, promising an interesting and comprehensive programme for delegates and visitors. If you have not already done so, we encourage you to register early and secure hotel space in one of the busiest capitals of the world.

Unlike the greater part of last year, tanker markets in 2003 have started on an upbeat note. However, unpredictability prevails in the form of geopolitical instability, threat of war, new and proposed regulations, and a world economy that struggles to emerge and regain momentum after a slump that has lasted three years. The unfortunate sinking of the Prestige has prompted renewed focus on the phase-out of single hull ships, transport of heavy grades of oil, places of refuge and challenges to international conventions that sustain and govern free trade of the seas.

All of these topics will be thoroughly debated and analysed at the Washington Tanker Event 2003, together with discussions of structural safety in tankers and possible changes to oil majors’ chartering practices as a response to recent events and in anticipation of new regulations. INTERTANKO has secured speakers from leading oil companies and highly respected analysts who will share their insights and predictions for developments in world energy demand and tanker trading patterns.

In recognition of the importance of Washington as an administrative and political centre, and the US as an energy importer, considerable time will also be devoted to recent US and IMO developments, with particular emphasis on the Homeland Security Act, the International Ship and Port Facility Security Code (ISPS) and updates on practical implications for all segments of the tanker industry. INTERTANKO will also make use of this annual gathering to strengthen alliances and dialogue with the US Coast Guard and other regulatory authorities, and we encourage members and associate members to participate and contribute in the discussions.

The list of speakers at the Washington Tanker Event 2003 will include:

Robert P. Curt, ExxonMobil Shipping and Transportation Co.
Noel G. Hart, BP Shipping (USA)
Joseph Stanislaw, Cambridge Energy Research Associates
John Felmy, American Petroleum Institute
Chris Horrocks, The International Chamber of Shipping
Stephen Van Dyck, Maritrans Operating Company LP
Robert Somerville, American Bureau of Shipping
Matthew R. Simmons, Simmons & Company International
Adrian McMahon, Stelmar Tankers (UK) Ltd.
Michael Tusiani, Poten & Partners, Inc.
Nikos Mikelis, Paralos Maritime Corporation S.A.
Nancy Yamagucchi, Trans-Energy Research Associates, Inc
Ole Rikard Hammer, P.F. Bassøe A/S & Co
Colin Cridland, Braemar Seascope Limited
Stephen Askins, Ince & Co
Jim Lawrence, International Marketing Strategies, Inc.
Thomas A. Jacobsen, Jacobsen Pilots Services
William O. Gray, Gray Maritime Company
Jonathan Benner, Troutman Sanders LLP
Thomas A. Allegretti, American Waterways Operators
David Robinson, Teekay Shipping (Canada) Ltd.
Hans Payer, Germanischer Lloyd

…together with high ranking officers from the US Coast Guard and other experts and executives from classification societies, oil companies and INTERTANKO’s own membership.

The Washington Tanker Event 2003 will be held at the Mayflower Hotel, which is a national landmark and a member of Historic Hotels of America. Conveniently located in Washington’s business district, only minutes away from the White House, the Smithsonian Institute and national monuments, the hotel is frequently used as a venue for political and diplomatic events, including inaugural dinners for US presidents.

A continuously updated programme can be found on INTERTANKO’s web site

We encourage early registration and reservation as Washington is a popular and busy destination at this time of year.

How to register:

1. Register on line
OR
2. Download copies of the registration form and hotel reservation form from our web site.

We look forward to seeing you in Washington!

The Washington Tanker Event 2003 is sponsored by:

ABS, Stratos, Liberian International Ship & Corporate Registry, and the ASBA Tanker Broker Panel

Contact Anders Baardvik on e-mail anders.baardvik@intertanko.com for further details.