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. 
07 Sep 2017
Shipowners had to raise their ballast water management compliance game from 8 September to avoid delays at port. 
Kitack Lim (left) and Arsenio Dominguez
10 Jul 2017
Not all shipowners will be able to take advantage of ballast water implementation delays approved at MEPC 71 as the change also frustrates shipyard groups.
Ballast Water
04 Jul 2017
The Marine Environment Protection Committee is set to extend the compliance deadline for existing vessels by two years, to 8 September 2019.
Arsenio Dominguez of Panama
30 Jun 2017
Proposals on ballast water treatment system implementation and shipping's carbon emissions reduction strategy will be at the top of MEPC 71's list of considerations next week in London. 
Craig Patrick, sales director of ballast water management systems at Wartsila
14 Jun 2017
Wartsila supporting clients to comply with impending regulations as it waits for USCG approval for both its ultraviolet and electrochemical systems.

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.