Tanker operators seek incentives for conversion

August 31, 2006


A GROUP of tanker operators wants the government to grant more incentives to allow members to comply with a proposal to replace their single-hull tankers by 2008.

Leonardo O. Odono, executive director of Philippine Interisland Shipping Association, said members do not have the capability to acquire double-hull tankers, each of which costs about $15 million for a 3,500-ton capacity.

The International Maritime Organization (IMO) requires all oil tankers operating in international waters to comply with the double-hull requirement by April 2008.

As early as February the government has been consulting tanker operators with regard to the IMO mandate, Vicente Suazo, administrator of the Maritime Industry Authority (MARINA), said.

(Published in the Manila Times ,Aug. 31, 2006.)


SHOULDN’T the protection of the environment be incentive enough?


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