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Friday, December 15, 2017

INTERTANKO ExCom member addresses The Royal Institution of Naval Architects on "A Shipowner’s Perspective of Standards"

INTERTANKO Executive Committee member David Koo addressed The Royal Institution of Naval Architects on "A Shipowner’s Perspective of Standards" on 1 November in London at its 2006 President’s Invitation Lecture.

 

Speaking in his capacity as Chief Operating Officer, Valles Steamship Company, and Chairman of the Hong Kong Shipowners’ Association, Mr. Koo mentioned that "in this age of intense competitive pressures, operation at the level of minimal compliance has become the norm. Operating at less than the levels set by the relevant standards should (but does not always) result in condemnation, but operating at levels higher than the standard rarely results in a commercial return. There is little commercial incentive to operate at levels in excess of those set by standards".

 

He highlighted that it is essential that standards are set at a sufficiently high level, so that minimal compliance with the standard results in a fully acceptable result. He also stressed that the different sectors of the industry need to work more closely together to improve the industry’s image. Defining minimum standards that produce a ship that is at least "fit for trade" is in fact still not a reality.

 

Contact: Minerva Alfonso or Chantal Cheung-tam-he