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Press Release: November 21, 2007

Single Hull Fuel Oil Tankers to be phased-out by April 2008
 
Tankering companies transporting oil products have been mandated to convert their single hull vessels used to transport fuel oil to double hull tankers by 23 April 2008 or face sanction.

The Maritime Industry Authority (MARINA), in adherence to International Maritime Organization (IMO) oil pollution convention, released an order early this year, imposing a deadline on all fuel oil-carrying ships plying Philippine seas to have double hulls. 
 
This is in line with the government’s efforts in protecting the rich and diverse marine ecosystem of the country which has fallen victim to oil spillage the past year.  

The Guimaras oil spill of 2006, said to be the largest maritime disaster to hit the country, as well as other similar tragedies in the past served as precursors to strengthen the resolve of local authorities to implement stringent, radical and urgent measures to ensure that Philippine waters are protected.

Single hull vessels, the industry players recognize, are more vulnerable to damage.  Any puncture caused by grounding or collision would lead to oil leaks or spillage, causing enormous, possibly irreversible, damage.

Violators, the MARINA order stated, will be slapped with a daily fine of P50,000 plus a two-month suspension.  Repeated offense will cause operators their license and their vessels will be de-listed from the Philippine registry.

While the MARINA continues to urge industry players to meet the April 2008, the government regulator was quick to laud Petrolift Inc. (Petrolift), one of the largest oil and gas tankering and bulk logistics firms in the country, for taking up the challenge right away, during the recent commissioning of Pilipinas Shell’s brand-new double hull tanker, M/T Petro Celine. The vessel is the second double hull tanker chartered by Pilipinas Shell from Petrolift.

With the phase-out of single hull vessels, Petrolift recognized the urgency of commissioning double hull vessels right away to fill in the need for more modern and compliant oil tankers and has begun introducing double hull tankers as early as 2006.

Petrolift is also set to launch its 4th double hull tanker, a retrofitted single hull vessel, later this year, as part of its growth and expansion strategy, which includes a planned initial public offering.
 

Reference:
Iya Diza
Outsource PR
+63.2.8113051

 
   
 
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