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Friday, December 15, 2017

INTERTANKO participates in the 5th Asia Maritime Conference in Kuala Lumpur

The Malaysian Shipowners’ Association (MASA) this week hosted the 5th Asia Maritime and Logistics Conference in Kuala Lumpur. Malaysia’s Minister of Transport, Datuk Ong Tee Keat, opened the conference with a clear message for participants to ensure that the challenges under discussion were fully and quickly communicated to the industry policy-makers. 

 

In welcoming the conference delegates, MASA Chairman and former INTERTANKO Council member, Nordin Mat Yusoff, explained that the focus for the two-day event was to assess the rising uncertainties within the industry. Nordin continued by stressing the significance of a 90% rise in fuel costs as an example of a major uncertainty over what its overall impact on the industry will be.

 

In chairing the session on the State of Shipping, AET CEO and INTERTANKO Executive Committee member, Amir Azizan, expanded on the uncertainties. Azizan opened the first session of the Conference explaining that the industry needs to come together to assess the broad range of uncertainties from regulatory, political (in the form of image and pressures), environmental and in particular the people challenge. He added that innovation within the industry was going to be crucial for meeting most of these challenges.

 

INTERTANKO’s Regional Manager Asia-Pacific, Tim Wilkins, spoke on the technical challenges facing the tanker industry against the backdrop of the current tanker market. Wilkins drew heavily on the two principal areas of focus for the industry and the Association at present, namely the human element; manning and training, and the environmental challenge, as defined by the new pressure on the industry to improve its performance on greenhouse gas emissions.

 

DNV COO, Tor Svensen, also drew on the importance of the GHG issue going forward, making this his main theme and suggesting there was a growing urgency for the industry not only to demonstrate its ability to reduce GHGs but also to contribute to the global debate.

 

Contact: Tim Wilkins