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.