Ballast water systems may boost dry bulk scrapping

Carriers such as Norden, Pacific Basin, and NYK could benefit from the fact that the ballast water convention has now been ratified is set to come into force one year from now, as some carriers will opt for scrapping rather than installing the systems, notes Bloomberg in an analysis.
Photo: Modelfoto/Colourbox
Photo: Modelfoto/Colourbox

The recent ratification of the ballast water convention, which is now set to come into force in September 2017, comes as good news to carriers such as NYK, K-Line, Mitsui OSK, Pan Ocean, China Cosco, Norden, and Pacific Basin.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading