Ship&Offshore | Issue GreenTech/2017
Finance for treatment systems is available
BWMS As the International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM Convention) enters into force this year, most shipowners will have to make the decision on which technology and what ballast water management system (BWMS) to use on their vessels. In the following article, Evoqua Water Technologies, a global specialist in water treatment technologies, gives some advice on how shipowners can optimise the installation process as well as the necessary capital commitment.
Historically, when shipowners needed capital equipment, the banks would be amenable, but, largely due to the financial crisis of 2008 and subsequent regulatory restrictions, many now consider small- to medium-sized shipping companies, particularly those involved in the bulk trades, a high risk; and this despite a retrofit market that some analysts suggest could be worth up to USD 60 billion between 2017 and 2022.