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. Bangladesh, the most recent ratifier of the treaty (on 7 June 2018), brought the number of countries party to the convention to 73, 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.