Chemical And Product Tankers Implications Of Imo/marpol Annex Ii Changes

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Bharatbook.com is proud to announce the new report Chemical and Product Tankers Implications of IMO/MARPOL Annex II Changes (http://www.bharatbook.com/detail.asp?id=6718).

Chemical and Product Tankers: Implications of IMO/MARPOL Annex II Changes topical report assesses the impact on the chemical and product shipping markets of recently agreed revisions for carriage of chemicals and non-oil products, including oils and fats. It's analysis is of great strategic value for charterers, owners and brokers.

Analysis includes:

Unique chemical tanker fleet listing

Review of the main charterers in the oils and fats trades

Types of tanker used in chemical and oils and fats trades

Examination of the Intertanko position on the IMO proposals

Review of actual IMO 2 and 3 tonnage availability

Assessment of expected supply/demand changes

Evaluation of effect on re-classification of UAN

Evaluation of effect on molasses trade

Views on the reclassification of Xylenes, Methanol & MEG

This special report assesses the impact on the chemical and product ...
... shipping markets to provide an invaluable, in-depth review.

Executive summary:

Introduction - a history

Assessment of MARPOL 73/78 Annex II

Impact of re-classification

Future prospects

Analyses:

Types of vessels

MARPOL 73/78 Annex II

Other affected cargoes

The EU Hygiene Directive 2004

The Intertanko model updated and adjusted for the revised IBC/MARPOL Annex II adopted by MEPC 52 and MSC 79 in December 2004

Trade oils, fats, molasses, UAN etc

Market structure

Audience:

Charterers
Owners
Brokers
Major impact on trade

It's topical report is of great strategic value for charterers, owners and brokers to establish which operators control vessels, where they are trading and what their operational comparisons are. Findings include:

Ocean chemical tankers may be encouraged to trade to 30 years and beyond, thus continuing to service the vegetable oil trade.

Accelerated removal of single hull, mostly non-IMO, vessels generally referred to in the past as vegetable oil or molasses tankers.

The overall market absorbs and adapts to changes, but becomes more tied to the fluctuations of the clean petroleum and chemical markets.

Report purpose :

It's Chemical and Product Tankers topical report was prompted by the recently agreed revisions of the IMO IBC Code, and MARPOL Annex II, which led to the re-classification of oils and fats, and certain other important chemical cargoes. It's overall objective is to determine the impact of these changes on the chemical and product tanker shipping industry.

The broad assumptions made within the study are examined by publisher in its quest for accuracy and correct interpretation.

Introduction

Ten years ago, shortly after the 1993 implementation of double hull requirements for all new buildings in the product trade, the estimated volume of oils and fats moved by sea was around 25 million tons. This volume did not require IMO class tonnage for shipment, but could be carried by practically any ship possessing an NLS certificate. Since then the IBC Code and MARPOL Annex II have been under full review by the IMO.

By 2003, the trade volumes of oils and fats had increased to 38 million tons, 34% were soft oils, 62% tropical oils.

A compromise

During 2003 IMO was clearly moving towards re-classifying oils and fats as IMO 2 cargo, for implementation by 2007. This highlights the concern that there would be inadequate tonnage for the carriage of the forecast 48 million tons of oils and fats by 2007 as a trigger for reaching an important compromise.

It was agreed that flag states could grant IMO 3 vessels a waiver to carry oils and fats, provided they could meet laid down double hull, stripping and certain other technical requirements.

Conclusions

Within this report, forms an opinion on the IMO 3 chemical tonnage compromise and how it will affect the future carriage of chemicals and non-oil products, including oils and fats - will there be enough tonnage available and will it be able to be conducted to a safe and efficient standard in the future?

It also reaches a conclusion on whether the future carriage of oils and fats, and how much, will rely on the IMO 3 double hulled tonnage that has been put in place over the years both before and after the 1993 MARPOL Annex 1 14 f regulation, not forgetting tonnage on order. Will owners and operators of such tonnage will be in strong positions to take advantage of what should be a healthy freight market?

Table of Contents

Section 1 Introduction and Methodology

Section 2 Executive summary
Section 3 Types of vessels
3.1 Introduction
3.2 Oils and fats - vessel types
3.3 Summary

Section 4 Re-classification of oils and fats - MARPOL 73/78 Annex II and IBC Code-Interpretation
4.1 Relevant points
4.2 Derogations for the transport of vegetable oils in deeptanks
4.3 Some key definitions
4.4 Regulation 4 - exemptions
4.5 Chapter 2 - Categorisation of noxious liquid substances
4.5.1 Regulation 6 - Categorisation and listing of noxious liquid substances and other substances
4.5.2 Regulation 9 - Issue or endorsement of certificate
4.6 Chapter 4 - Design, construction, arrangement and equipment
4.6.1 Regulation 11 - Design, construction, equipment and operations
4.7 Regulation 12 - Pumping, piping, unloading arrangements and slop tanks
4.8 Discharge of residues of category Y and Z
4.9 Operational requirements for ballasting and deballasting
4.10 Main features of MARPOL 73/78, Annex II
4.11 Closing remarks

Section 5 Other cargoes affected by changes to the IBC Code and MARPOL Annex II

Section 6 The EU Hygiene Directive 2004

Section 7 The Intertanko paper and revised analysis
7.1 Original Intertanko paper
7.2 Original paper reworked to reflect modifications
7.3 Our analysis based on the Intertanko methodology
7.4 Accuracy of present and future IMO 2 & 3 ships classifications
7.5 Accuracy of cargo volumes and growth
7.6 Correct interpretation of changes to IMO & MARPOL regulations
7.7 Modified Intertanko type analysis

Section 8 Trade in oils, fats, molasses and other cargoes
8.1 Stainless steel trades - A summary
8.2 Trade in major oils and fats
8.3 Oils and fats moved by sea 1994-2007
8.4 The effect of new regulations on molasses trade
8.5 Effect of UAN re-classification
8.5.1 What is UAN?
8.5.2 Relationship with natural gas prices
8.5.3 Black Sea ports
8.5.4 Baltic ports
8.5.5 The United States
8.5.6 US ports
8.5.7 The rest of the world
8.5.8 Voyage economics
8.5.9 Conclusions

Section 9 Market structure - owners/operators, charters and brokers
9.1 Owners/operators
9.1.1 Category A - Vegoils
9.1.2 Category B - IMO 3 product tankers
9.1.3 Category C - Oil/chemical
9.1.4 Category D - Ocean chemical carriers & specialised ships
9.1.5 Category E - European, Pacific Rim, AG-East, Caribbean
9.1.6 Definition of fleet lists
9.1.7 Conclusions
9.2 Charterers
9.2.1 Category A - Major trading companies
9.2.2 Category B - Large trading companies
9.2.3 Category C - Medium trading companies
9.2.4 Category D - Smaller trading
9.2.5 Summary of charterers
9.3 Ship brokers
9.3.1 Category A - Major brokers
9.3.2 Category B - Large brokers
9.3.3 Category C - Medium brokers
9.3.4 Category D - Small brokers

Appendices
Appendix 1 Master supply/demand analysis
Appendix 2 Vegetable oil fleet - 2004
Appendix 3 Vegetable oil fleet, scrappings: 2004-2006
Appendix 4 Vegetable oil fleet - 2007
Appendix 5 Unsuitable for vegetable oils, 2007
Appendix 6 Ocean chemical fleet - 2004
Appendix 7 Ocean chemical fleet, scrappings, total losses: 2004-2006
Appendix 8 Ocean chemical fleet - 2007
Appendix 9 Ocean chemical fleet - newbuildings
Appendix 10 Ocean chemical fleet - 2007 - including newbuildings delivered
Appendix 11 Ocean chemical fleet - unsuitable for vegetable oils, 2007
Appendix 12 Oil/chemical fleet - 2004
Appendix 13 Oil/chemical fleet - newbuildings
Appendix 14 Oil/chemical fleet - unsuitable for vegetable oils, 2007
Appendix 15 Oil/chemical fleet - 2007 - including newbuildings delivered
Appendix 16 Specialised fleet - 2004
Appendix 17 Specialised fleet, scrappings: 2004-2006
Appendix 18 Specialised fleet - 2007
Appendix 19 Specialised fleet - newbuildings
Appendix 20 Specialised fleet - unsuitable for vegoils/methanol, 2007
Appendix 21 Specialised fleet - 2007 - including newbuildings delivered
Appendix 22 IMO 3 product tankers - 2004
Appendix 23 IMO 3 product tankers, scrappings: 2004-2006
Appendix 24 IMO 3 product tankers - newbuildings
Appendix 25 IMO 3 product tankers fleet - 2007 - including newbuildings delivered
Appendix 26 IMO 3 product tankers - unsuitable for vegetable oils, 2007
Appendix 27 AG-East fleet, 2007 (No scrappings 2004-2006)
Appendix 28 AG-East fleet - newbuildings
Appendix 29 AG-East fleet summary 2007 - including newbuildings
Appendix 30 AG-East fleet - unsuitable for vegetable oils, 2007
Appendix 31 Pacific Rim fleet, 2007 (No scrappings 2004-2006)
Appendix 32 Pacific Rim fleet - newbuildings
Appendix 33 Pacific Rim fleet - 2007 - including new buildings
Appendix 34 Pacific Rim fleet - unsuitable for vegetable oils, 2007
Appendix 35 European fleet - 2004
Appendix 36 European fleet - scrappings 2004-2006
Appendix 37 European fleet - 2007
Appendix 38 European fleet - newbuildings
Appendix 39 European Fleet - unsuitable for vegetable oils, 2007
Appendix 40 Caribbean fleet - 2004
Appendix 41 Caribbean fleet - scrappings 2004-2006
Appendix 42 Caribbean fleet - 2007
Appendix 43 Caribbean fleet - unsuitable for vegetable oils, 2007

Tables
Table 2.1 The IMO chemical fleet
Table 3.1 Principal vessel types
Table 4.1 IBC Code and Annex II - requirements for oils and fats post 2007
Table 4.2 Oil and fats characteristics
Table 4.3 Shipping requirements
Table 4.4 IMO 2/3 ships with double bottom tanks
Table 5.1 MARPOL/IBC/tank and coating requirements for major commodity chemicals, 2007
Table 7.1 Demand Alternative 1 and 2
Table 7.2 Ships suitable for the carriage of oils and fats
Table 8.1 Tropical oil trade matrix, 2001
Table 8.2 Soft oil trade matrix, 2001
Table 8.3 Forecast oil & fats trade
Table 8.4 Regular vessels used in molasses trade, 2003
Table 8.5 Global and regional molasses moved by sea in 2003
Table 8.6 Vessels fixed into Europe over the year 2002 by load area
Table 8.8 USA imports for 2000 and 2001 by charterer, volume and main load and disports
Table 9.1 The vegoils fleet
Table 9.2 The IMO 3 product tanker fleet
Table 9.3 The oil/chemical fleet
Table 9.4 Ocean chemical carriers and specialised fleet
Table 9.5 Specialised ships
Table 9.6 Pacific Rim fleet
Table 9.7 AG-East fleet
Table 9.8 European fleet
Table 9.9 Caribbean fleet
Table 9.10 Fleet summary
Table 9.11 Major vegoil charterers
Table 9.12 Primary brokers

Figures
Figure 3.1 Oils and fats carried by sea, 2003
Figure 8.1 Owners vegoil volumes into Rotterdam, 1990-2000
Figure 8.2 UAN imports to USA, 2000-2001

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