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The world requires greater transparency
and accountability
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Market value largest oil companies - bn USD
0 100 200 300 400 500
1
3
8
33
General Electric - world largest company
MicrosoftExxonMobil - world largest oil co.
Shell
TotalFinaElf
BP
Chevron+Texaco FT 500 2001
RankFT 500 Bergsen
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The world of the major oil companies
”to conduct business in a
socially responsible and ethical manner, support universal human rights, protect the
environment, and the communities where we work”
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Marine Quality Assurance System
Clear and credible???
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Smokescreen must be lifted to create
credibility
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Transparency benefit the
good operators
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.. provide all relevant information
…. about their classed fleet… on the website...
EuropeanClass directive - transparency
No market for marginal tankers
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Tanker performance improvingIncidents recorded by LMIS
0
200
400
600
800
1000
1200
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Time to change focusIncidents by cause recorded by LMIS
0
100
200
300
400
500
79 81 83 85 87 89 91 93 95 97 99 01
CollisionFire/ExplFounderedTechnicalMisc WarGrounded
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Tonnes spilt per billion tonne-mile transported
0
10
20
30
40
50
90 91 92 93 94 95 96 97 98 99 00 01
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131 tanker incident 2001
Collision36%
Grounding22%
Fire/Exp.16%
Technical12%
Misc14%
Technical:11 engine trouble2 steering2 hull
Miscellanous:6 terminal related3 shipyard accidents3 "smugglers"2 hostillities
Largest pollutionnew DH tankerCollision
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Modernisation tankers
622
51
75 81
9478
49
25 19
0
20
40
60
80
100
1991 1997 End 02 End 07 End 10
SH share (%)
DH share (%)
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Systematic approach needed for further
improvement ISM, near misses reporting
Proper accident investigation Close co-operation needed to
keep momentum for improvement