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US Coast Guard has to "educate" confused shipowners on ballast water

Implementing regulations on ballast water discharge from vessels has confused many shipowners, who do not know when their vessels must install the systems, the US Coast Guard tells ShippingWatch. More than 13,000 ships have been given extensions on the deadline for installation.

The day Wärtsilä's billion-dollar market disappeared

First the ballast water rules were postponed two years. Then scrubbers became subject to fierce criticism. Maritime environmental technologies have taken heavy fire in recent months. Wärtsilä's CEO talks to ShippingWatch about the consequences.

Norway could lose millions on Oceansaver collapse

Norway's state-owned fund Investinor expects to lose its entire investment after the collapse of ballast water systems supplier Oceansaver. Norway actively fought to have the IMO rules postponed, which wound up derailing the company.

Shipping closer to climate targets after IMO meeting

IMO member nations have agreed on framework conditions for a highly anticipated climate strategy which is set to be ready in 2018. Vision, climate targets, and the journey to reach these targets will now be up for discussion.

All signs point to postponement of ballast water rules

All signs seem to indicate that the implementation of the IMO's ballast water rules will be postponed. A large majority in the IMO supported a proposal to postpone the implementation Monday, however a final decision will not be made until Friday.

Alfa Laval wins triple-digit ballast water contracts

Alfa Laval has signed two framework agreements to supply ballast water management systems for a triple-digit million dollar figure. The Swedish supplier points to activity in a market currently characterized by uncertainty ahead of a decisive IMO environmental meeting.

Major carriers divided on push for ballast water postponement

The International Chamber of Shipping has announced its support for the move to postpone the deadline for installation of ballast water management systems. ShippingWatch has asked carriers such as Gaslog, Höegh LNG, Scorpio, Hafnia Tankers, and American Shipping Company about whether they agree.

Shipowners and suppliers in open war on ballast water

The International Chamber of Shipping fully supports a postponement of the installation requirements for ballast water systems, which several of the major developing nations have requested. "Extremely disappointing," says Norwegian supplier Optimarin.

IMO's hesitance in ballast water takes toll on suppliers

A few weeks from now the IMO will decide when carriers must install ballast water management systems. Ahead of the key MEPC meeting, uncertainty among suppliers has only grown, and Norway's Optimarin has already had to lower its full-year guidance.

Singapore ratifies IMO ballast water convention

Singapore and three other nations have this week ratified the IMO's ballast water convention, which is set to come into force later this year. Altogether, close to two thirds of the global fleet have now ratified the convention.

Consultants: Downturn could halt ballast water market

UK-based Global Water Intelligence projected in 2015 that the market for ballast water systems held potential for investments of up to USD 45.6 billion over five years. But the current crisis in the shipping sector makes today's estimate more modest.

Fight for billion-dollar ballast water market is underway

Producers of ballast water management systems are counting down to the billion-dollar market which will emerge when the convention comes into force in September this year. "2017 will be better than last year, but the boom will come in 2018," says Optimarin, one of the companies approved by the US Coast Guard.

Alfa Laval's top and bottom lines decreased in 2016

Alfa Laval saw its earnings decline in 2016 compared to the year before, in spite of the fourth quarter being better than the third. The company projects a somewhat lower demand in the first half of 2017, although the ballast water business is expected to grow.

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