ICS: BWM Convention Compliance Comes with USD 100 Bn Price Tag

The shipping industry may collectively need to spend around USD 100 billion in order to install the new ballast water treatment systems that will be required by law in order to become compliant with the Ballast Water Management (BWM) Convention that will enter into force on September 8, 2017.

Esben Poulsson, Chairman of the International Chamber of Shipping (ICS) warned of the cost just two days before the convention’s entrance into effect, adding that “we, therefore, have to get this right.”

Poulsson has called on shipowners, equipment manufacturers and governments to co-operate to ensure that proper implementation of this significant new regulatory regime will deliver maximum environment benefit.

“We need to ensure, so far as practicable, that the systems installed on ships will indeed be fit for purpose in all known operating conditions worldwide.  We are therefore advising shipping companies that they should make it clear to equipment manufacturers they will only consider fitting treatment systems which have been certified in accordance with the revised IMO type-approval standards adopted in 2016, even though this is not yet a mandatory requirement.”

In July, the IMO decided to adjust the implementation dates of the Convention, so that existing ships (i.e. ships constructed before 8 September) will not be required to install treatment systems until the date of their first International Oil Pollution Prevention (IOPP) renewal survey after 8 September 2019.

“We acknowledge the pragmatic approach to implementation taken by IMO Member States who accepted the arguments made by ICS and other industry associations that there is little logic, from an environmental protection standpoint, in requiring thousands of ships to comply until they can be fitted with systems that have been approved under the more stringent standards,” Poulsson explained.

“Shipowners must make full use of this additional time to identify and invest in far more robust technology to the benefit of the environment,” he added.

 “And in view of the significant concessions that IMO has now made in response to the industry’s representations, shipping companies should not anticipate any further relaxation to the implementation schedule.”

ICS added that it believes that as a result of the industry’s intensive efforts to explain its implementation challenges to regulators, shipowners will hopefully now have the clarity needed to get on with the job.