Ballast Water Regulations and the Cost of Compliance

The Ballast Water Convention came into force on 8 September 2017, some 13 years after it was adopted at the IMO. The convention is aimed at stopping the spread of harmful aquatic organisms transferred in a vessel's ballast water. As of August 2018, 75 countries were party to the convention, representing more than 75% of global shipping tonnage. Given that more than 40,000 ships will have to install ballast water treatment systems, shipowners and operators want insight into the cost and operational implications of complying with the convention.

News & Analysis

VLCCs
19 Sep 2018
A predicted recovery in the next few weeks would mirror the rebound in 2016 when freight rates for VLCCs soared from about USD15,000/day to about USD64,000/day two months later. 
Maran Hermione
06 Sep 2018
Sembcorp Marine secures Maran Tankers contract for installing marine scrubbers and ballast water management systems on 13 vessels.  
Ballast-water treatment equipment
03 Sep 2018
Fairplay senior editor John Gallgher looks at how ballast-water equipment issues will be scrutinised through data gathering and analysis.
Poor fuel efficiency has rendered some older LNG carriers unemployable. Credit: Danny Cornelissen
30 Aug 2018
LNG spot rates are at their highest summer since 2002, as markets work in a shorter economic lifespan for vessels.
Yang Ming box ship
15 Aug 2018
The Taiwanese box ship operator placed a firm order for ten ships, with options for four more.
NYK – Sunrui  signing ceremony
24 Jul 2018
The number of ships involved makes this the single largest order for ballast water management systems received by any manufacturer.

Commentary

Power wielded by government regulators over the environmental issues to be discussed at MEPC 71 will be justified if shipowner investments can tackle the problems.