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Preview of global ballast water treatment markets
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Volume 11 No 1 January 2012 Journal of Marine Engineering and Technology
Preview of global ballast water
treatment markets
AUTHORS’ BIOGRAPHIES
Dr Dennis King is Research Professor and Director, Natural
Capital Research Group at the University of Maryland Center
for Environmental Science (UMCES), Solomons, MD, and
Managing Owner and Director, King & Associates Inc, con-
sulting and research. He holds a BBA in Corporate Finance/
Economics from the University of Massachusetts (1970), a MS
degree in Food and Resource Economics from the University
of Massachusetts (1973) and a PhD in Natural Resource
Economics from the University of Rhode Island (1977). He has
thirty years of research and consulting experience in environ-
mental and natural resource economics and is the author of
over one hundred reports, papers, and book chapters dealing
with environmental/economic linkages including related policy,
enforcement and compliance issues and international trade in
natural resource products.
Mark Riggio is currently a Fleet Manager with Marine Transport
Lines and a maritime operations and automation consultant. A
former Senior Surveyor with the American Bureau of Shipping
and Compliance Manager for an offshore drilling company, he
is experienced in all aspects of the shipping industry and has
spent time on many different types of vessels. He is a graduate
of the United States Merchant Marine Academy.
Patrick Hagan is a Research Associate, Natural Capital Research
Group at the University of Maryland Center for Environmental
Science (UMCES), Solomons, Maryland. He holds a BA in
Foreign Affairs from the University of Virginia (1982), and a
MS degree in Marine-Estuarine-Environmental Sciences from
the University of Maryland (1996). His research and consulting
work focuses on marine and coastal environmental enforce-
ment issues, and the intersection of environmental economics
and science.
Dr David Wright is Emeritus Professor of Environmental
Toxicology at the University of Maryland, Center for
Environmental Science and the author of over 100 peer-
reviewed papers and books and is President of Environmental
Research Services. He a graduate of the University of Newcastle-
upon-Tyne where he received a PhD in comparative physiology
(1973) and a DSc (2001). He has conducted research into
DM King,
1
PT Hagan,
1
M Riggio
2
and DA Wright
1,3
1
University of Maryland Center for Environmental Science, Chesapeake Biological
Laboratory, Solomons MD, USA
2
Blue Seas Environmental Consulting, Baltimore MD, USA
3
Environmental Research Services, Baltimore MD, USA
As full ratification of the 2004 Ballast Water Management Convention approaches, the
size of the world Ballast Water Treatment System (BWTS) market has become a subject
of intense scrutiny and speculation. Twelve months following full ratification BWTS will
have to be installed aboard all qualifying vessels according to a timetable depending on
their ballast water capacity and age. BWTS manufacturers and vendors are interested in
the commercial opportunities presented by this market, and shipowners are concerned
about the logistics of installing treatment system aboard vessels within the proposed time-
table. In this paper, the world commercial fleet has been sorted according to flag country,
vessel type, number and deadweight tonnage in order to assess the effort required to
comply with the convention when it comes into force. The information includes some
current equipment and installation costs, designed to gauge the market size, which
appears larger than earlier published estimates.
Wright - Ballast_JMET_Jan.indd 3
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