Desmi Ocean Guard, which develops ballast water cleaning systems, now acts on IMO's failure to ratify the ballast water requirements, which look set to be postponed yet again.
As a consequence of the international maritime organization's hesitation, the company has cancelled its exclusive licensing agreement with Desmi Pumping on the company's ballast water system. The market has not developed as expected, and Desmi Ocean Guard has opted to use the waiting period to explore possibilities and to position the company as well as possible for the expected boom in demand, CEO Rasmus Folsø tells ShippingWatch:
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