ARE YOU PREPARED FOR THE INEVITABLE IMO BWM TREATY RATIFICATION AND ITS ENFORCEMENT IMPLICATIONS?
With both the EPA Vessel General Permit (VGP) and US Coast Guard’s (USCG) Ballast
Water Management (BWM) regulations now being enforced, and the IMO Ballast
Water Management Convention (BWMC) likely to be ratified in the immediate future,
environmental retrofits are now unavoidable. With multiple sets of standards currently in
enforcement (without any type approved systems), and other divergent standards on track
to be enforced in the near future—all existing ships doing business in the United States
will need to be retrofitted with a BWMS that is compliant with all of these standards within
the next 5 years, while all new ship builds moving forward will need to have standards
compliant BWMS installed at the time of their commission. With estimated costs ranging
from $200K – $5M per ship, per BWM system installation, the shipping industry can expect
to pay up to $40 billion in BWM complaint retrofits alone over the next 5 years.
Long story short, this is the new shipping reality for shippers operating in the US coastal waters. How do ship owners attain a USCG extension until type approval is finalized? How will the type-approval processes and their respective deadlines intersect given the now enforced USCG Rule and soon to be ratified IMO BWMC? What BWM system is optimum, and how do ship owners ensure they have retro-fit their ships in a way that achieves the most cost-effective compliance while maximizing efficiencies? How can certification organizations, suppliers and retrofitters ensure BWM systems meet the requirements for compliance set by all of the regulatory bodies? Only those with the answers to the questions posed above will be able to successfully navigate this tumultuous period in the shipping industry’s history, and profit.
Infocast’s 3rd Ballast Water Management Summit, February 9-11, 2016 in Long Beach, CA, will host Regulators, Ship Owners & Operators, Shipbuilders, Water Treatment Specialists, Marine Equipment Suppliers, Port Authorities, Shipping/Maritime Associations and others as they exchange information and strategize cost-effective, practical solutions for BWM system compliance now and moving forward.