Intertanko, the association of tanker owners, said the phase-out of the total single-hulled tanker fleet above 5,000 dwt proposed by the European Union would cost the industry close to US$5 billion more than the phase-out according to MARPOL 13G. Under MARPOL 13G, the single-hulled tanker fleet is evenly phased out between 2003 and 2014 with…

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