Companies that have bet millions on developing ballast water treatment systems have had to arm themselves with a lot of patience in a market where things have failed to develop as quickly as originally anticipated. In fact, the market has yet to start, which means that the top priority for companies is to position themselves as well as possible ahead of the convention's likely ratification this year.
And that is exactly what Danish Desmi Ocean Guard is trying to do, CEO Rasmus Folsø tells ShippingWatch after publication of the company's annual report 2014, which contains a significantly bigger deficit than in recent years, at USD 3.7 million.
More from ShippingWatch
In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.