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Thursday, November 15, 2018

Hellenic Mediterranean Panel welcomes Total shipping boss

This week's meeting in Athens of the Hellenic Mediterranean Panel welcomed Total's Director of Maritime Transport Luc Gillet for a question and answer session with discussion. The French oil company, which owns no ships, and covers half its shipping needs with timechartered tankers and half on the spot market or with contracts of affreightment, works hard to reduce its risks, and a key part of this process is learning lessons from incidents.


The 50+ local Members focused on Total's maximum 15 years of age rule, stressing that an earning life of effectively only 14 years for an asset built and financed for 20-25 years makes investing in tankers more difficult. They also commented on how lack of tanker ownership by oil companies leaves them distanced from the day-to-day operation of ships and therefore from reality.


Chaired by Dimitris Korkodilos (Andriaki Shipping), the Panel heard from INTERTANKO's Chairman Capt Graham Westgarth on the Managing Director succession process and on achieving 'One Voice' for the industry, as well as on governance matters; and also from its Managing Director Dr Peter Swift on piracy, GHG including market-based mechanisms, bunker quality and mercury in crude, all key issues to be discussed at next month's Council meeting in Singapore – to view click here. There was plenty of discussion and feedback.


The Panel was updated on discussions between the Vetting Committee and OCIMF about vetting by the Senior Vice Chairman of the Vetting Committee, Alan Johnson (of Tsakos), who also went on to give some clarification on the TOTS system.


Panel Vice Chairman Derya Sabaz (of Besiktas) gave an interesting outline of Turkish feelings over increasing tanker traffic through the Bosphorus Straits.


The next meeting of this Panel will be in March 2011.


Contact: Bill Box