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Pump manufacturer Desmi grew its pre-tax bottom line by a little over DKK 240 million in 2019, when scrubber pump and ballast water system sales in particular contributed positively. The company will pay out DKK 130 million in dividends to shareholders.
The coronavirus could ultimately end up as an advantage, says the CEO of ballast water system manufacturer Bawat. It delays the market, which the supplier was late to enter. Another supplier has yet to feel the impact of the virus.
UK-based shipping company Carisbrooke Shipping has installed ballast water management systems on two ships, without the ships needing to be docked. Fleet manager compares it to putting together a jigsaw puzzle.
Unlike several shipbuilders, GMC Yard is not celebrating investments prompted by environmental regulations. In fact, the company is not at all feeling that shipping companies are making major investments in sustainable endeavors.
Fayard's CEO Thomas Andersen expects to this year gain DKK 300 million on the top line from environment-related orders, which have become a crucial part of the company's business. This article is part of ShippingWatch's series on the environmental regulations' impact on shipbuilders.
Engine manufacturer Alfa Laval wants a leading position in the market for ballast water management systems, which the company estimates will become a major business within just a few years. Alfa Laval has thus spent the past year increasing its personnel.
Desmi Ocean Guard will supply ballast water systems to shipping company Stolt Tankers' fleet. More than 60 ships will be fitted with the systems in the years to come.
After years of waiting, Desmi Ocean Guard has secured a crucial approval of its ballast water system in the US. Lacking the approval has held business back.
DFDS has placed a large order with supplier Desmi Ocean Guard for ballast water management systems for its fleet. The systems will be installed in the coming years.
The order intake at Alfa Laval's Marine Division grew by almost 50 percent last year, according to the annual report. However, interest in the company's scrubber systems decreased in the fourth quarter.
Last year, Norwegian Optimarin sold more than 100 ballast water treatment systems, which triggered a new record revenue. But the supplier is already confident that revenue can be doubled this year. "This is an overnight success that's been 25 years in the making," says CEO.
Approximately 60 percent of ballast water treatment systems installed on board existing vessels face problems, shows a survey among Intertanko members.
Shipping companies should start work now to install ballast water management systems, says Bimco. Bottlenecks could force prices up.
Alfa Laval's Marine Division increases its expectations for the market for ballast water management systems by almost 30 percent over the next eight years, says the company at its capital markets day Tuesday.
The Swedish supplier of equipment including ballast water systems has found a new president for its marine division. Current president of marine Peter Leifland will step down at the beginning of next year.
Countries equivalent to four fifths of the global fleet have now ratified the Ballast Water Management Convention. Most recently China has voiced its support.
Requirements for sulfur and ballast water have created major growth in Alfa Laval's order books in the third quarter. The demand forecast for the Swedish supplier's whole business will be upgraded, according to CEO Tom Erixon.
The Irish shipping company will install ballast water management systems on 18 chemical and tanker vessels. For the Norwegian supplier, this is "one of its biggest orders to date."
Det irske tankrederi vil installere ballastvandsystemer på 18 kemikalie- og tankskibe. For den norske leverandør er ordren "en af de største" i selskabets historie.
Torm is investing in ballast water systems for 47 ships in its fleet, to be installed from 2019 to 2024, says the tanker shipping company.
The Swedish supplier has won an order to install ballast water management on two entire fleets for a large Danish shipping company and a Japanese one.
A total of ten ballast water management systems have now been cleared for use in US waters as Finnish firm Wärtsilä has had its ballast water system approved by the US Coast Guard.
More than one in three carriers will be not be able to comply with the global sulfur cap or ballast water regulations in 2020, shows a new report from investment bank UBS.
Who will reap the benefits and who will be held back by the new sulfur rules that come into force on Jan. 1 2020? Investment bank UBS has reviewed the industry overall and offers its take in a new report.
Scorpio Tankers has signed a deal to buy 55 ballast water systems for Ecochlor, the carrier announced. Another container carrier has recently signed for an even larger order.
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