Future Threats & Strategies: Charting a Course to Year 2017 (A Shipowner’s Perspective)

The following speech was given by Roger Hancock, Executive Director, Osprey Maritime Ltd., Singapore, at the Bermuda International Shipping Association Conference held in Bermuda on October 8-10, 1997.

I am delighted to have the opportunity to speak to you today and focus on the risks that we as shipowners perceive in charting a course for the future. I hope you will forgive me if I confine my remarks to the oil and gas shipping sector, which is our area of experience, rather than attempt to provide a view covering all types of vessels.

It is significant to note that most of the risks I have identified have strong technological undertones. At Osprey Maritime, we derive considerable comfort from this fact in that the technological influences can be both creative and obstructive. It is my belief that those who plan ahead and adopt a constructive approach will successfully navigate the shoals and be able to turn the threats to their advantage.

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