A new alliance between UN institutions and the private sector is to stop the spread of invasive species occurring as ships sail around the world. Other significant environmental impacts are also to be reduced.
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.
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.
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.
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.
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.