Read all the latest news about Ballast water. ShippingWatch gives you independent, credible, critical and fair news.
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.
2018 looks set to become a turning point for the many companies supplying ballast water management systems. "There is a huge shift underway in the market," Desmi Ocean Guard CEO Rasmus Folsø tells ShippingWatch.
The first five months of 2018 have exceeded expectations for the Norwegian company Optimarin, which supplies equipment for cleaning ships' ballast water. Carriers are pressured to comply with environmental regulations, say CEO.
There is a risk that some seafarers could resort to falsification of ballast water records in the US if shipowners fail to train them properly, warns a lawyer with extensive experience in environmental matter. This could result in large fines and prison sentences.
The US Coast Guard discovered almost twice as many violations of ballast water rules in 2018 as the year before. Inadequate training of crew is part of the explanation.
Suppliers are not good enough at consulting and helping their customers when problems arise in relation to ballast water management systems, says Ole Christian Schrøder, Head of Compliance at Scorpio Group, which has so far spent USD 100 million on the systems.
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.
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.
A total of six companies have now achieved the key type approval of ballast water management systems for use in US waters. This number includes insolvent Oceansaver.
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.
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