Effects of Double-Hull Requirements on Oil Spill Prevention Interim Report (1996) / Chapter Skim
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3 Economic Viability of the Maritime Oil Transportation Industry
3 Economic Viability of the Maritime Oil Transportation Industry
Pages 20-27
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From page 20... ...
However, the numerous sources of data on most topics are rarely in exact agreement. Using the best available data, the committee will undertake the following tasks: · determine historical tank vessel demand and forecast future demand · determine historical tank vessel supply and forecast future supply · compare the projected supply and demand with shipbuilding capacity · develop cost data for single- and double-hull tank vessels 20
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From page 21... ...
Data on the size and characteristics of the existing tanker fleet will be classified according to vessel type, name, flag (ifU.S., whether eligible under the Jones Act) ,2 year of construction, DWT, hull type (OPA 90 double hull, double side, double bottom, or single hull pre-MARPOL and MARPOL)
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From page 22... ...
The tanker age profile, together with information on the hull of each vessel and the mandatory phase-out dates included in OPA 90 and MARPOL, should be sufficient to determine the phase-out profile for the current tanker fleet and noncomplying new construction. Tanker Supply, Demand, and Shipbuilding The supply and demand schedules developed by the committee will be matched, a capacity utilization rate will be derived, and an equilibrium range of capacity utilization will be estimated.
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From page 23... ...
Capital Requirements for New Double-Hull Tanker Construction The schedule of capital costs for meeting projected requirements for new and reconstructed double-hull tanker tonnage will be calculated for annual deliveries, based on current and estimated future shipbuilding prices. Data on current shipbuilding prices are available from Clarkson, Platou, and others.
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From page 24... ...
· Maintenance cost data will be obtained from presentations to the committee by shipowners, ship managers, ship repair yard operators, and other
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From page 25... ...
Capital availability will be of particular importance from 1998 to 2002, when tanker retirements reach their peak. Since the average lag between placing a fun order and accepting delivery of a newly constructed tanker is on the order of two to two-and-half years, firm capital commitments must be timed accordingly.
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From page 26... ...
JONES ACT TANKERS AND BARGES The committee will acquire and assess key economic data that should reveal the effects of OPA 90 on tankers and oceangoing barges operating under the Jones Act. The committee will also present and estimate historical and forecasted demand, as well as vessel supply information.
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From page 27... ...
Determine if the identified future shipyard capacity is adequate to meet the demand for double-hull tankers. It may be necessary to augment traditional trade sources of information about plans for increasing shipbuilding yard capacity by using additional sources (e.g., personal contacts in the industry)
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