Ballast Water Management Convention

Performance Shipping Inc. Announces Agreement to Acquire a LR2 Aframax Oil Product Tanker

Retrieved on: 
Thursday, November 17, 2022

The M/T Fos Hamilton is equipped with an eco-electronic engine, achieving higher energy efficiency and improved emissions by reducing fuelconsumption.

Key Points: 
  • The M/T Fos Hamilton is equipped with an eco-electronic engine, achieving higher energy efficiency and improved emissions by reducing fuelconsumption.
  • The vessel also complies with the Ballast Water Management (BWM) Convention protecting marine ecosystems from speciestransfer.
  • The vessel is expected to be delivered to the Company in mid-December 2022 and will be renamed M/T P. Long Beach.
  • Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels.

Ballast Water Management Market | Evolving Opportunities with Alfa Laval AB and Ecochlor Inc. | Technavio

Retrieved on: 
Tuesday, July 6, 2021

In addition, stringent government regulations are anticipated to boost the growth of the ballast water management market.

Key Points: 
  • In addition, stringent government regulations are anticipated to boost the growth of the ballast water management market.
  • This is increasing the use of ballast water, thereby creating demand for ballast water management.
  • Major Five Ballast Water Management Companies:
    The company offers a ballast water management system namely PureBallast 3.
  • The company offers ballast water management systems namely CENTRA-RDS System, Odor Reduction Corrosion Abatement (ORCA), and Aqua-Scrub Carbon Adsobers.

Outlook on the Ballast Water Treatment Global Market to 2026 - Growing Focus Preserving and Protecting Marine Ecosystems is Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, June 9, 2021

The "Ballast Water Treatment Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Ballast Water Treatment Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
  • Rising healthcare concerns in the marine industry coupled with the high volume of seaborne trades are the major factors driving the demand for ballast water treatment solutions.
  • Under IMO's "International Convention for the Control and Management of Ship's Ballast Water and Sediments", implementation SZ\Zof ballast water management plan and ballast water treatment system onboard ships has thus become important.
  • The principal factor driving the ballast water treatment system is the growing focus on preserving and protecting the marine ecosystem from pollutants and other toxic species.

Euro Tech Holdings Company Limited Reports Ballast Water Treatment Systems ("BWTS") Contract Awarded

Retrieved on: 
Wednesday, April 28, 2021

b'HONG KONG, April 28, 2021 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) reported that the company hasrecentlyreceivedacontract worth about US$ 0.8 millionfrom a port clientin Jiangsu Province, China.

Key Points: 
  • b'HONG KONG, April 28, 2021 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) reported that the company hasrecentlyreceivedacontract worth about US$ 0.8 millionfrom a port clientin Jiangsu Province, China.
  • In 2012, ballast water discharge standard became a law in the US.
  • IMO\'s Ballast Water Management Convention entered into force for new-built vessels on September 8, 2017 after ratification by 52 States, representing 35.1441% of world merchant shipping tonnage.
  • Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes.

Global Ballast Water Management Market to Grow by $5.29 Billion During 2020-2024 | Featuring Alfa Laval AB, Evoqua Water Technologies LLC, and Headway Technology Group (Qingdao) Co. Ltd. Among Others | Technavio

Retrieved on: 
Thursday, December 31, 2020

Technavio estimates the global ballast water management market to grow by USD 5.29 billion, progressing at a CAGR of about 7% during the forecast period.

Key Points: 
  • Technavio estimates the global ballast water management market to grow by USD 5.29 billion, progressing at a CAGR of about 7% during the forecast period.
  • View the full release here: https://www.businesswire.com/news/home/20201230005400/en/
    Technavio has announced its latest market research report titled Global Ballast Water Management Market 2020-2024 (Graphic: Business Wire)
    The market is driven by the growing marine logistics business.
  • The segment is driven by the introduction of technologically advanced UV light-based ballast water management systems by vendors.
  • Major Three Ballast Water Management Market Vendors:
    Alfa Laval AB operates its business through segments such as Energy, Food & Water, Marine, Greenhouse, and Operations & Other.

Analysis on Impact of COVID-19- Global Ballast Water Management Market 2020-2024 | Evolving Opportunities With Alfa Laval AB and Evoqua Water Technologies LLC | Technavio

Retrieved on: 
Friday, September 4, 2020

The global ballast water management market size is expected to grow by USD 5.29 billion as per Technavio.

Key Points: 
  • The global ballast water management market size is expected to grow by USD 5.29 billion as per Technavio.
  • In addition, the development of containerized ballast water management systems is anticipated to boost the growth of the ballast water management market.
  • Thus, the marine logistics business is growing, which has been resulting in the growth in ballast water use, thereby boosting the demand for ballast water management.
  • Evoqua Water Technologies LLC operates its business through two segments, such as integrated solutions and services, and applied product technologies.

The growth of the market at a CAGR of almost 5% during the forecast period

Retrieved on: 
Wednesday, July 24, 2019

Ballast water management involves the control of harmful invasive species contained in the ship's ballast water.

Key Points: 
  • Ballast water management involves the control of harmful invasive species contained in the ship's ballast water.
  • In 2018, the physical disinfection segment had a significant market share, and this trend is expected to continue over the forecast period.
  • However, the high cost of ballast water management, space constraints, and toxic by-products of ballast water management may hamper the growth of the ballast water management industry over the forecast period.
  • Global Ballast Water Management Market: Overview
    The ballast water might contain organisms that are not native to the environment in which they are released.