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 October 2018, 79 countries have ratified the convention, representing more than 80% 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

29 Oct 2018
A tougher US extension policy and slow retrofit uptake is adding to ballast-water compliance costs
Vessel in drydock
04 Oct 2018
US policy to push 12,000 vessels into ballast water equipment installation is considered a monetary penalty by some owners.
ballast water treatment equipment
24 Sep 2018
Fairplay looks at how shipowners have been and continue to be affected by the Ballast Water Management Convention.
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.

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.