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Oil tanker owners threaten

Oil tanker owners threaten
Leaders of Oil Tanker Owners Association (OTOA) yesterday threatened to suspend operations from March 24 if the Government does not cancel a plan to procure additional vessels.

Oil tanker owners threaten to suspend operation

Leaders of Oil Tanker Owners Association (OTOA) yesterday threatened to suspend operations from March 24 if the Government does not cancel a plan to procure additional vessels.

"An influential quarter is planning to add another 30 to 40 ships. If the ships are brought then the whole industry will be in crisis since the use of petroleum has reduced to 35 per cent in recent years due to increase in compressed natural gas (CNG), resulting the companies not to run more than two trips a day at present," TM Giasuddin, president of OTOA told journalists at a press briefing in the city.

He said that at present there are 81 coastal ships used for transporting oil across the country from seaports.
He said that many oil tankers are already facing huge losses everyday as they do not get enough trips in a day rather they have to keep up costly maintenance of the ships.

"We will stop operations from Mar 24 midnight if the talks fail," Habibul Alam, senior vice-president of the organisation said.

He, however, said that the association was seeking a prompt decision by the government to avoid unrest in the sector.

www.turkishmaritime.com.tr

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