President of Novoship elected INTERTANKO Executive Committee Member

On 10 May 2011, at the International Association of Independent Tanker Owners (INTERTANKO) Council meeting in Athens, the President of Novoship (Novorossiysk Shipping Company, Sovcomflot Group) and Executive Board member of Sovcomflot, Igor V. Tonkovidov, was elected member of the Association’s Executive Committee.

The Executive Committee is elected amongst INTERTANKO Council members. While keeping the Council informed, it conducts the business and affairs of the Association, participates in developing its policy and supervises the management of INTERTANKO’s permanent secretariat. The Executive Committee delegates functions to the Managing Director who directs and co-ordinates working groups dealing with matters related to the needs of the world shipping industry.

For the first time in the history of INTERTANKO a representative of Russia has been voted into the Executive Committee of the Association.

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For over forty years, the International Association of Independent Tanker Owners (INTERTANKO) has been representing the industry’s interests at the international level. The Associate membership stands at about 330 shipping companies, whose combined fleet comprises about three thousand tankers totaling 260 million dwt. The goal of the Association is to gain sustainable development of the industry consolidating most successful and respected companies for strategic decision-making.