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OceanSaver secures world first Ballast Water Systems contract for large ships |
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Tuesday, 02 February 2010 |
OceanSaver announced the signing of the world’s first major Ballast Water Management System (BWMS) contract for large ships. Hyundai Heavy Industries (HHI), the world leading shipbuilder,
has secured OceanSaver Ballast Water Management Systems for three
super-tankers (VLCCs) on order for Oman Shipping Company (OSC). The
contract is the first of its kind and signifies a breakthrough for
IMO’s Ballast Water Management convention as well as for OceanSaver.
“This
is a milestone to be noticed,” explains OceanSaver’s CEO, Stein Foss.
“A milestone for the Convention as the industry confirms the
availability of suitable BWMS also in the large and complex ships
segments and further, that the timeline for the introduction of the new
Ballast Water Management regime is indeed fixed and must be taken
seriously.”
The contract is for supply of OS BWMS 6000 EX onboard
three 317,000 dwt tankers currently on order at HHI for OSC. OS BWMS
6000 EX treats 6000 m3 ballast water per hour.
According to Foss,
the contract is a significant breakthrough for OceanSaver, marking its
transition into becoming a major supplier to the maritime industry.
“The
global market for BWM systems is new and represents a massive
opportunity. It is driven by regulations and is predictable, but all
technologies need to go through a thorough, time-consuming and costly
approval process, “ he says.
“We have crossed a crucial frontier in
terms of technological development, and are now focussing on successful
commercialisation and production. We have established a strong global
network of highly capable agents and secured production capacity to
accommodate significant orders this year and in years to come,” says
Foss.
Fit-for-purpose ballast water management systems have been the
company’s sole focus since 2002. Following its successful pilot-project
on car carrier Hoegh Trooper in 2005, OceanSaver obtained Type Approval
in April 2009.
“We estimate the overall BWM market to be about USD
30 billion from 2010 to 2020. We expect to take a significant market
share particularly within the tanker, LNG and chemical sector but also
larger tonnage in general” says Foss.
OceanSaver’s core focus lies
in the large vessel market representing some 20% of the total by
numbers but 40% by value at an estimated USD 12 billion.
“We have
clearly defined goals which include remaining in the lead and establish
as one of the top 3 suppliers within our selected tonnage. This will
secure rapid and sustainable growth over the next years,” concludes
Foss.
Source: Oceansaver
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