Europe to Dominate Ballast Water Treatment Market

Posted by Eric Haun
Friday, April 04, 2014

Ballast water treatment market, Europe to dominate market revenues from 2017 to 2019, according to a report by Frost & Sullivan

The global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019. The retrofit market is expected to account for a substantial share of the global market during its peak installation period in 2018. Bulk carriers as well as oil and chemical tankers will be key end users, generating cumulative revenues over the forecast period. Europe will dominate market revenues from 2017 to 2019 while Asia-Pacific will display consistent performance throughout the study period.

On this subject Frost & Sullivan is organizing an online conference open to all companies interested in learning more about future trends and challenges facing the global ballast water treatment systems market. Research Analyst Vandhana Ravi will present the key findings of an exhaustive research during the past few weeks. The conference will take place on Thursday 10 April, at 4 p.m. BST.

Europe has numerous merchant vessels operating on the seas of Germany, Greece, Norway, Russia, Italy, France and Belgium, which have emerged as market hotspots. The region's huge shipyard industry supports major retrofit opportunities, creating a fertile market for ballast water treatment systems. Asia-Pacific, being a hub for shipbuilding and the base for the majority of ship owners and yards, is a key revenue generating market. The most interesting countries are and will be Japan, China and South Korea.

Legislation will be the key driver for the ballast water treatment systems market globally with significant developments that include the expected ratification of the International Maritime Organization (IMO) convention in 2014. "Furthermore, the recent acceptance of the IMO convention by Germany raising the dead weight tonnage to 30.3 percent, support from the United States Coast Guard (USCG) legislation, Alternate Management System (AMS), and other national legislations are sustaining the demand for ballast water treatment systems installations," adds Frost & Sullivan Research Analyst Ravi.

The conference will explore the market growth and structure post ratification of the IMO Convention, the strength of alternate management systems (AMS) and the USCG regulations and their impact on the current market scenario. The analyst will also present the current technologies that can potentially conquer the market along with key insights on the competitive structure and statistics on the current addressable market.

The briefing will also discuss some of the following key industry challenges:

  •      Persuading ship owners to purchase ballast water treatment systems, especially for retrofits
  •      Unorganized market and lack of awareness in determining the appropriate technology
  •      Credibility of equipment suppliers with escalating market competition
  •      Costing and pricing
  •      Constantly shifting IMO ratification timeline

The presentation will be followed by a Q&A session with the analyst.

To participate in this complimentary briefing and interested in a brochure of this analysis, email Chiara Carella, at chiara.carella@frost.com. Those interested may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

frost.com
 

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

Shipbuilding

Saab Completes Acquisition of TKMS (Kockums)

Defence and security company Saab's acquisition of the Swedish shipyard Thyssen Krupp Marine Systems (TKMS, formerly Kockums) has now been completed. The acquisition

GDI Awards N-KOM US$110-M Contracts

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts

Navios Announces VLCC Delivery

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced that the Nave Electron, a 2002-built VLCC of 305,178 dwt, was delivered

Finance

Seadrill Bondholders: Majority Accept Conversion Offer

Seadrill Limited says that holders of approximately US$547 million of Seadrill's convertible bonds due 2017 (representing approx. 84.1% of the total outstanding

General Dynamics Reports 2Q 2014 Earnings

General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter

Trading Dutch Well Placed to Pursue Russia Sanctions

The seafaring Netherlands prides itself on being a trading nation, reluctant to let politics get in the way of a good deal. But since the downing, allegedly

News

2545 Candidates Vie for 11 Positions in Maersk Drilling

2545, that is exactly how many applicants applied for the 11 MITAS engineer positions available in Maersk Drilling in 2014. The Maersk International Technology and Science Programme,

Jacksonville Dedicates New PORTSĀ® Real-time Data System

Officials from NOAA, the Jacksonville Marine Transportation Exchange, and the Jacksonville Port Authority officially dedicated a new information system today

Saab Completes Acquisition of TKMS (Kockums)

Defence and security company Saab's acquisition of the Swedish shipyard Thyssen Krupp Marine Systems (TKMS, formerly Kockums) has now been completed. The acquisition

Marine Equipment

Jacksonville Dedicates New PORTSĀ® Real-time Data System

Officials from NOAA, the Jacksonville Marine Transportation Exchange, and the Jacksonville Port Authority officially dedicated a new information system today

COSCO Delivers Jack-Up Rig to Asian Buyer

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Ecuador Order Elastec/American Marine Oil Spill Equipment

Elastec/American Marine say that quality and dependability made all the difference when the state oil company of Ecuador decided recently to purchase its oil spill response equipment.

Ballast Water Treatment

Hyde Marine Makes BWTS Installation Agreements

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free

Hyde Marine Selects 2 Installation Partners

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, announced today it has established two partnership agreements for installation of the

Evergreen Holds Naming Ceremony for New Ship

Evergreen Group held the naming ceremony for Ever Loading, the sixth of its L-type vessels to be built by CSBC Corporation in Taiwan. The ceremony took place at

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.0503 sec (20 req/sec)