Ballast Water: The future & opportunities
On Sep 8, 2024, the shipping industry reached an important date requiring mandatory compliance with the IMO BWM Convention Regulation D-2 ballast water discharge performance standard. The majority of ships in the global fleet have installed BWMS, and treated ballast water operations occur on a daily basis around world. The BWMS manufacturing industry is showing typical signs of market maturity with repositioning and acquisitions, along with a focus on support and service for their installed systems.
While the impression could be that ballast water is therefore "finished" or "done" and there is nothing more to do, there are actually a variety of critical aspects that stakeholders are just beginning to gain experience with. Three key topics are: 1) building experience with the recently approved Guidance for ship operations in challenging water quality, 2) approvals for modified BWMS with existing type approval and the related impacts to shipowners, and 3) enforcement and compliance. As all stakeholders collectively enter into the next chapters of the ballast water management story, it’s clear that ballast water is very much alive.