Optimarin lands US$16 million retrofit contract with NYK subsidiary

2012 05 30

Details

BALLAST water treatment system provider, Norway-based Optimarin, has signed a major fleet-wide ballast water treatment contract worth more than NOK100 million (US$16.7 million) with Saga Shipholding (SSH) of Norway, the open-hatch carrier subsidiary of Nippon Yusen Kaisha (NYK).

The retrofit contract covers complete ballast water treatment (BWT) systems including engineering and service agreements for 24 open-hatch bulk carriers.

With an agreement already in place for seven Saga and one NYK newbuilding, Optimarin's combined Saga work programme now amounts to NOK140 million. Optimarin's aggregate order book stands at NOK250 million, representing over 110 vessels.

The Saga contracts call for large scale Optimarin Ballast Systems (OBS) capable of handling all seawater salinities and fresh water in accordance to the International Maritime Organisation's ballast water management convention. The OBS system features a fully back-flushing filter with 40 micron screens. It is fully automatic and self-cleaning and capable of removing large sediment particles, zooplantkton and phytoplankton under heavy sediment load conditions.

"There is going to be a bottleneck when some 50,000 ships scramble to meet global BWT regulations in a few years' time. Now with the US Coast Guard pushing ballast water ratification, global shipowners must ramp up their BWT decision-making choices. We are one of them," said Lars Traaseth, managing director of SSH.

If all shipowners plan a BWT retrofit during a vessel's five-year survey, about 11,000 retrofits must be completed between 2013 and 2016. Market observers estimate a peak in 2017 with 16,500 vessels needing to be retrofitted that year, an average of 45 systems per day.

Shipping Gazette - Daily Shipping News
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