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";s:4:"text";s:8833:"The National Academies of Sciences, Engineering, and Medicine, Double-Hull Tanker Legislation: An Assessment of the Oil Pollution Act of 1990, 2 Ship Safety and Protection of the Marine Environment, 3 Operational Makeup of the Maritime Oil Transportation Industry, 4 Economic Impact of the Oil Pollution Act of 1990 on the International Tanker Fleet, 6 Design, Construction, Operation, and Maintenance of Double-Hall Vessels. Our tanker fleet is diverse both in terms of size and specifications. Unexpected bills and escalating data costs can become a thing of the past. Henry Marcus, professor of marine systems at MIT, is chairman of the MIT Ocean Systems Management Program and the Naval Sea Systems Command (NAVSEA) Professor of Ship Acquisition. [1] After the Exxon Valdez oil spill disaster in Alaska in 1989, the US Government required all new oil tankers built for use between US ports to be equipped with a full double hull. | Country Search He holds a B.S. In consideration, Overseas Shipholding Group, Inc. (OSG) will receive $412.6 million in cash and 14 million shares of DHT common stock, representing a 47 percent equity stake in the new tanker concern. An expert on shipping and petroleum economics, he has been a witness on shipping and petroleum economics, conducted extensive analyses of the Alaskan and foreign tanker trades, led a reengineering effort for the crude oil supply of a major oil company, and conducted studies on the regulatory and environmental effects of hydrocarbon vapor emission regulations. However, for smaller tankers, U shaped tanks might be susceptible to "free flooding" across the double bottom and up to the outside water level each side of the cargo tank. degrees in naval architecture and marine engineering), and the University of Arizona (Ph.D. in mechanical engineering). Share a link to this book page on your preferred social network or via email. Double Hull Tankers, Inc., a wholly owned subsidiary of Overseas Shipholding Group, Inc. announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. It includes Medium Range tankers MR2 - IMO II able to load twenty different grades of cargoes, from petroleum products to edible oils and chemicals, and Suezmax tankers employed in Crude Oil transportation. Managing a modern fleet of high quality and well-maintained double hull tankers. | Intellectual Property Protection He has primary authority for prevention, removal, abatement, response, containment, and cleanup efforts related to oil spills in the marine waters of California. He has published and presented numerous technical papers on ships and marine loading and on computer analytical methods. Source: Thomson Financial News, Double Hull Tankers Inc. (DHT.N) filed with U.S. regulators to periodically sell up to $200m in common and preferred stock and debt securities, according to a Reuters report. Crowley owns and/or operates a diverse, sophisticated fleet of double-hull tank vessels, including 17 ATBs and now 23 tankers, all built since 2002. OSG has purchased, sold and bareboat chartered-back two Suezmax tankers from Double Hull Tankers, Inc. in shipping and shipbuilding management, both from MIT. (Source: AP). [2] Double-hulled tankers have a more complex design and structure than their single-hulled counterparts, which means that they require more maintenance and care in operating, which if not subject to responsible monitoring and policing, may cause problems. ", "Construction Requirements for Oil Tankers", "The Tankship Tromedy, The Impending Disasters in Tankers", https://en.wikipedia.org/w/index.php?title=Double-hulled_tanker&oldid=952538667, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 April 2020, at 19:33. Double hulls' ability to prevent or reduce oil spills led to double hulls being standardized for other types of ships including oil tankers by the International Convention for the Prevention of Pollution from Ships or MARPOL Convention. Subscribe to Maritime Reporter Email News. You're looking at OpenBook, NAP.edu's online reading room since 1999. | Revenue for the St. Helier, Channel Islands-based tanker operating company fell to $20.1 million from $21.3 million a year ago, as a result of low refinery demand, and a market that was weaker than expected. [7] Double-hulled tankers, if poorly designed, constructed, maintained and operated can be as problematic, if not more problematic than their single-hulled counterparts. [4], After the Exxon Valdez oil spill disaster, when that ship grounded on Bligh Reef outside the port of Valdez, Alaska in 1989, the US Government required all new oil tankers built for use between US ports to be equipped with a full double hull. She represents environmental interests in national and international forums on ocean dumping, vessel source pollution, and other marine public policy issues and has served as adviser to U.S. delegations to the International Maritime Organization. This sale was made pursuant to DHT's existing shelf registration statement. © 1996-2020 Maritime Activity Reports, Inc. Sally Ann Lentz is co-executive director and general counsel of Ocean Advocates, a nonprofit environmental organization dedicated to the protection of the marine environment. Overseas Shipholding Group, Inc. (NYSE:OSG) announced today that it agreed to sell seven tankers to Double Hull Tankers, Inc. (DHT) in connection with DHT's initial public offering announced earlier today. Double Hull Tankers, Inc. has entered into an agreement to acquire a 2000 built 153,000 deadweight tonne Suezmax tanker, the M/T Ottoman Dignity, for $90.3 million for delivery in the period between December 2007 and early February 2008. MyNAP members SAVE 10% off online. The vessel will be bareboat chartered to Overseas Shipholding Group, Inc. (NYSE:OSG) for ten years at $26,600 per day throughout the period. Double-hull rather than single-hull tankers are now the industry standard, and nearly all ships in the world maritime oil transportation fleet are expected to have double hulls by about 2020. EBITDA(1) for the quarter increased 36% to $148.5 million from $109.1 million in the comparable period of 2006. Petrolift Inc. and subsidiaries own and operate a fleet of nine petroleum tankers/barges and one liquefied petroleum gas tanker. degree in engineering from the University of California at Berkeley and has completed graduate work in petroleum engineering at the University of Southern California. [2] Double-hulled tankers have a more complex design and structure than their single-hulled counterparts, which means that they require more maintenance and care in operating, which if not subject to responsible monitoring and policing, may cause problems. Suggested Citation:"Appendix A." [8], Although several international conventions against pollution are in place, as of 2003 there was still no formal body setting international mandatory standards, although the International Safety Guide for Oil Tankers and Terminals (ISGOTT) does provide guidelines giving advice on optimum use and safety, such as recommending that ballast tanks are not entered while loaded with cargo, and that weekly samples are made of the atmosphere inside for hydrocarbon gas. Douglas C. Wolcott (chair) served as president of Chevron Shipping Company from 1984 until his retirement in 1994. Terms of Use [5] However, the damage to the Exxon Valdez penetrated sections of the hull (the slops oil tanks, or slop tanks) that were protected by a double bottom, or partial double hull. The increase reflects the acquisitions of Maritrans in November 2006 and the Heidmar Lightering business in April 2007 and an increase in average daily TCE rates for VLCCs and Handysize Product Carriers. He is a member of the American Academy of Arts and Sciences, the Danish Center for Applied Mathematics and Mechanics, the American Society for Testing and Materials, and the American Ceramics Society. Double Hull Tankers, Inc. announced results for the period from January 1 to March 31, 2006. Boiler : MIURA HTB-150L (150 x 104 kcal/h) Hose Handle Crane : 0.9 Tons of SWL Complement : 10 Persons. Alipay The newly formed shipping company plans to use the expected offering proceeds of $185.7 million, in addition to its credit line and equity, to purchase seven vessels, according to the filing with the SEC. A senior executive in international shipping and trade since 1969, Mr. Carlsson is chair of the North Europe Committee of the American Bureau of Shipping, a council member of INTERTANKO (the International Association of Independent Tanker Owners), and a frequent participant in shipping conferences. 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