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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

New Satcom Global Website in Oceania

Today, Satcom Global launched its Australian website, www.satcomglobal.com.au, which will offer a platform to better support our valued channel partners and customers in the region.

Gazprom, OMV Meet on Establishing Nord Stream JV

At a Meeting held at the Gazprom headquarters between Alexey Miller, Chairman of the Company's Management Committee and Rainer Seele, Chairman of the Executive Board of OMV,

Volvo Penta Debuts Marine Gas Sterndrive Engines

Volvo Penta today unveiled its new family of next-generation 5.3L V8 gasoline engines for the marine sterndrive market in a press preview at the company’s Test Center in Suffolk, Va.

Marine Equipment

United Heavy Lift Gears up for the Asian Boom

All set to expand its footprint in the South Asian market significantly, Hamburg based, United Heavy Lift (UHL) appointed strategically placed Lexicon Overseas Pvt Ltd.

World’s Quickest Trip Through Northern Sea Route

Chinese sailor Guo Chuan intends to make it world’s quickest Northern Sea Route trip from Murmansk to the Bering Strait in 14 days without engine power. His

MN 100: ContainerTug B.V.

The Company: ContainerTug B.V. is a specialized Dutch naval design engineering and construction company with a strong focus on developing workboats and the evaluation

Ballast Water Treatment

Ballast Water Tech Business Gearing for a Surge in ‘16

While the trek to see the ballast water technology market ‘really take off’ has stretched more than a decade longer than he anticipated, Ecochlor’s president Tom

Ballast Water Treatment Modular and Just in Time

A pair of market entries — one a business of powerful Japanese technology players, the other a newbie with some pedigree — reveal how bold, modular design could pay dividends in a competitive market.

Ballast Water Treatment: Are You on Course for Compliance?

Joined up thinking from two marine technology suppliers addresses impending legislation for Ballast Water Treatment and offers a practical solution for monitoring

 
 
Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.3161 sec (3 req/sec)