BWT Asia Pacific Market Booms

Frost & Sullivan Market Report
Tuesday, October 02, 2012

New 'Ballast Water Treatment Market in Asia-Pacific' reports 2011 revenues of over US$214.6-million estimated to reach US$3.63-billion in 2017.

The ballast water management (BWM) guidelines set by the International Marine Organization (IMO) has kick-started a fresh industry within the shipping sector, as ship owners look to adopt ballast water systems within their vessels. Water treatment companies have found a whole new market ready for penetration and are eager to carve their place in it.

"The number of countries endorsing BWM is growing, as member nations of the IMO understand the impact cross-ocean contamination has on local marine biodiversity," saidFrost & Sullivan Research Associate Prashanth Kay. "International and local compliance requirements, which are on the verge of being enforced globally, will result in the rapid rise of ballast water treatment."

The shipping industry is aware of this, and is looking to incorporate these systems in new ships and retrofit the old ones to settle compliance issues early. However, the key challenge is the high costs involved, especially since there is no return-on-investment. The shipping industry has to embrace BWT as a form of corporate social responsibility, and the challenge is to get ship owners to shoulder it.

Shipbuilders and ship owners are also struggling to understand what their specific needs are, and the types of technology available to them in terms of ballast water treatment.

"There is a diverse selection of water treatment technology available, and the costs vary just as much," noted Kay. "Ballast water treatment systems manufacturers need to expand their capabilities to create the right packages for the needs of different ships that ply different routes around the globe."
This strategic approach by ballast water treatment companies in not only building the right combination of technology, but also educating clients on their options, will push the market ahead.


 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Ennsub Delivers ROV Deployment Systems

Ennsub has completed the design and manufacture of two workclass remotely operated vehicle (WROV) deployment systems for ROVOP, due to be installed into a newbuild

Wärtsilä to Proceed with first LNG Terminal

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Marine Equipment

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Keeping to the Schedule in the Pacific Northwest

When a tightly scheduled repower for the Kodiak-based trawler Sea Mac in early December took a very bad turn, Mike Fourtner used his 25 years of fishing experience

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

Ballast Water Treatment

Optimarin ,Goltens Ink BWT Retrofit Agreement

Ballast Water Treatment (BWT) specialist Optimarin and Goltens, a provider of engineering and installation solutions for the shipping industry, have signed a nonexclusive

ICS Alters Position on Ballast Water Convention

The global trade association for merchant shipowners, the International Chamber of Shipping (ICS), has modified its stance towards the ratification by governments

Six Japanese Bulkers Fitted with BWMS

Wärtsilä ballast water management systems will enable Japanese bulk carriers to achieve compliance with environmental regulations   Six new bulk carriers being

 
 
Maritime Security Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1042 sec (10 req/sec)