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Analysis Prestige Facts Name M/T Prestige IMO Number 725327 Year Built 1976 Shipbuilder Hitachi Shipbuilding & Engineering Co. Japan Owner Mare Shipping Inc.. Registered in Liberia Manager Universe Maritime Ltd.. Greece Flag Bahamas Class ABS - Built and maintained to ABS class Marpol I3G Phase out Date March II. 2005 Design Deadweight 81.589 tons Gross Tonnage 42.820 Sister Vessels None in service ISM Documentation Reportedly issued by Bureau Veritas P&l Cov erage London Steamship Ow ners Association Pollution Liability CoverageThe operators state that Mare Shipping is full; covered for shipowner's pollution liability within the International Oil Pol- ANCHOR LARGEST INVENTOR OF NEW & USED IN THE U.S.A. RS CHAINS FAX: 713/644-1185 WATTS: 800/233-8014 PHONE: 713/644-1183 P.O. BOX 58645 HOUSTON, TX 77258 TYPE ANCHORS & ABS, LLOYDS GRADE 2, 3, K- CHAIN & FITTINGS sales @ anchormarinehouston.com www.anchormarinehouston.com World Tanker Fleet World Tanker Fleet (including chemical carriers) 8/2002 < 10,000 dwt 2,404 > 10,000 dwt 4,916 Total 7,320 World Single Hull Tanker Fleet (including chemical carriers) 8/2002 < 10,000 dwt 1,829 >10,000 dwt 3,414 Total 5,243 World Double Hull Tanker Fleet (including chemical carriers) 8/2002 <10,000 dwt 575 >10,000 dwt 1,502 Total 2,077 (Source Clarksons) Let us take care of all your insulation and abatement needs We accept MasterCard, Visa and Amex As a Ship Sinks, So Does Some Credibility SUPERIOR ENERGIES INC. (If) Reduce engine room temperature ISO 9001 Lower engine room noise Easy to assemble Coast Guard Compliant TEMP-SET INSULATION COVERS MANUFACTURING AND CONTRACTING Removable Reusable Temp-Set Insulation Covers, Manifolds, Turbos, Silencers, and complete Exhaust Systems. ACOUSTICAL INSULATION ASBESTOS ABATEMENT TURN-KEY JOBS WANT SUPERIOR QUALITY WANT SUPERIOR SERVICE CALL SUPERIOR ENERGIES INC. 1-800-BUY-SEI-1 P.O. Drawer 386, Groves TX 77619 Telephone: (409) 962-8549 Fax: (409) 962-4027 Website: www.insulationsei.com Circle 238 on Reader Service Card or visit www.maritimereporterinfo.com Circle 203 on Reader Service Card or visit www.maritimereporterinfo.com Maritime Reporter & Engineering News The break up and sinking of the tanker Prestige last month off the coast of Spain is sure to create grass root changes in the maritime market that far exceed the eco- nomical and ecological damage caused. While it is impossible to determine, exactly, what new measures may be, there is an undeniable feeling that the powers in charge are determined to ensure that this sort of event is never repeated again. The fate of the tanker and the political and procedural situation that preceded it were fodder for the front page of the Wall Street Journal recently, not exactly the publicity the maritime sector seeks. There are many issues that jump to the forefront of the Prestige incident, including, and in no particular order: Procedures regarding ports of safe refuge; Phase-out of single hull tankers; Survey and Inspection; Design, Construction and Maintenance; and Marine Salvage and Recovery. To the credit of all involved, the flow of information regarding the ship, its history, its status and its prospects was clear and free flowing from all corners, including SMIT, ABS, IMO and INTERTANKO. The availability and use of information could prove critical in assuring catastrophes such as Prestige are not repeat- ed. The following is excerpted from IMO's release on the matter on November 20: "IMO's main concern now is to establish, as quickly and as thoroughly as possible, exactly what went wrong in this case so that the effectiveness of the reg- ulatory framework that IMO has put in place can be properly assessed and action taken, if need be, to recti- fy any weaknesses or deficiencies identified. Under the provisions of SOLAS and MARPOL, the Flag State Administration is required to conduct an investigation into serious casualties. The Flag State authorities of the Bahamas are therefore urged to expedite their investi- gation into the incident and provide IMO with their findings, conclusions and recommendations." — Greg Trauthwein
