Counting the cost of BWT inaction by shipowners
Shipowners that are dragging their heels in installing ballast water treatment (BWT) systems in an effort to save money could end up paying a much higher price in the long run, according to Newport Shipping’s managing director Lianghui Xia.
Only 20,483 ships have so far installed or have on order BWT systems that are required to meet IMO regulations for ballast water discharges, leaving around 35,000 vessels still without such systems as the clock ticks towards a 2024 compliance deadline, according to Clarksons’ World Fleet Register.
Xia believes shipowners may be waiting to carry out BWT retrofits to coincide with class renewal surveys and yard repairs for their vessels to minimise costs and downtime due to a yard stay.
Counting the cost of BWT inaction by shipowners
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Newport Shipping and Optimarin teamwork to tackle tsunami of BWT system orders
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Newport Shipping and Optimarin teamwork to tackle tsunami of BWT system orders
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