update NewS from dNv to the tANker INduStry No 02 2011 - Hays

eDitOriala challeNgiNg DecaDeJan korenBusiness director tankersJan.Koren@dnv.compiracy and very high bunkerprices are at the topof many tanker owners’agendas right now. thesefactors, combined withdepressed freight rates, aremaking life very challengingfor people in the tankerindustry. with the currentoversupply of tonnage andsignificant volume of deliveriesof additional tankers,there is little chance ofsustainable improvementsin the short term. as aconsequence, we will seemore cases of restructuring.younger vessels than beforeare candidates for scrappingand lay-ups are alsobeing discussed.new rules and regulationsare now being implemented,and this trendwill increase in the yearsto come. significant reductionsin emissions (nOx,sOx and CO2) to air will berequired and ballast watertreatment systems are alsoon the agenda. the implementationof new regulationsis going ahead despitethe general and seriousdepression in the market.Compliance with these regulationsis no “quick fix”.making the right decisionswill require understandingand insight plus the allocationof suitable humanand economic resources toallow serious considerationand planning. those whocan see the new regulationsas opportunities andhave the resources to actaccordingly are, of course,fortunate. some are evenintending to stay ahead ofthe market.in this issue of tankerupdate, we have a specialfocus on energy efficiencyand the new energy efficiencydesign index(eedi), which significantlylimits CO2 emissions. this isbasically about fuel saving.initially, the formal implicationsare limited, butthe ultimate consequence,as we see it today, is thatabout ten-year-old vesselsmay have to compete inthe marketplace with vesselswhich are at least 30%more fuel efficient. somewill consider such competitionto be quite dramatic,particularly with the fuelprices we may see in thecoming years. in theirefforts to cut costs and meetcharterers’ expectations,tanker owners in particularmay from now on be lookingfor more fuel efficientvessels when planning neworders. this will drive innovationto a greater extentthan we have seen before,and make it more challengingfor owners to decide ondesign alternatives whenordering ships in the yearsto come. new concepts willbe developed. designers,yards and owners shouldplan for this developmentnow, even ahead of the formaldeadlines. the winnersmay be those that are ableto meet market requirementsand expectationsahead of the majority.we in dnv have in-depthknowledge of existing andnew regulations and theirimplications. dnv does notdesign ships. we will, however,continue to presentour innovative ideas andconcepts to the industryso that anybody who findsthem of interest is free todo the necessary engineeringwork and developdesigns and specifications.the industry feedback hasbeen very positive and wehave won awards for ourwork. we are pleased toshare our ideas and knowledgewith existing andnew clients. we have alsodeveloped and are offeringinformation and servicesthat support the industry inorder to meet the importantchallenges facing usin the coming decade. youwill find more about this onthe following pages.enjoy the read!THEPOWERTOEXCELIN OILAND GASTRANSPORTATIONat dnv, we understand the tankerbusiness and offer services designed toassist owners and management in theirquest for safe, efficient and competitiveoperations.Ship classification • offshore classification •Technology qualification • Winterisation •Ice management • Competence & training• Safety, health & environmental riskmanagementwww.dnv.comit takes strength and agility to excel in the face of demanding transportationmarkets and the maritime safety regime. technical, economical and environmentalissues must be addressed on a day-to-day basis.tANker updAte NO. 2 2011 | 3