Shipowners, ship builders and classification societies addressed key issues in the industry at the annual Tripartite meeting in Seoul, Republic of Korea.

The meeting, held on 16 and 17 October, was attended by 100 high level representatives of the industry, including chairmen and executives of the Round Table Associations. It was organised by the International Association of Independent Tanker Owners, INTERTANKO.

With ongoing difficult market conditions the meeting agreed that there should be a focus on value creation and the continuous enhancement of shipbuilding and classification survey standards, as well as ship operating procedures.

The two-day event focused on a wide-ranging agenda, such as the support for cross-industry cooperation on the development of guidelines and self-regulation for cyber safety and security. It also discussed how to support industry use of incident data to enhance ship performances.

Participants expressed concerns over environmental legislation resulting in safety issues, for example the fuels supplied to comply with recently introduced Marpol VI legislation caused problems with propulsion reliability and performance during ship manoeuvring.

The desire to see the successful conclusion of the Goal Based Standards Verification Process of Common Structural Rules at MSC96 in May 2016 was also expressed by the shipowners, shipbuilders and classification societies.

Other items discussed included; the support for the formation of a joint IACS/Industry WG on fuel data collection and a renewed call for flag administrations to fulfil their obligations to conduct and report casualty investigations in a timely manner.