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Figure 3. BWTS Retrofits and New Builds 2011-2020.
Annual Dollar Value of the Global BWTS Market
Based on the equipment and installation cost estimates developed in Part 2 of this report and the
detailed cost analysis presented in a MERC report titled: “Preliminary Analysis of Ballast Water
Treatment Costs” (available at
http://www.maritime-enviro.org/reports/Reports.html
) we
determined that for general planning purposes it is reasonable to project that the “typical” cost
per ship of purchasing and installing a BWTS will be about $1 million. Based on the number of
ships in various ballast water capacity and age categories described above, and the assumptions
listed above regarding when ships in those categories are likely to comply with the tiered IMO
implementation schedule, we estimate the annual value of the global BWTS market to follow the
pattern as shown in Figure 4.
The market is expected to spike in 2015 with annual equipment and installation costs for existing
ships and new builds in all ship categories totaling more than $28 billion. In 2016, when the
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
# of Vessels
Year
Vehicle Carriers
Livestock Carriers
Ro-Ro Cargo Ships
Refrigerated Cargo Ships
Passenger Ships
Passenger -Passenger/Cargo (Ro-Ro) Ships
Passenger (Cruise) Ships
OSVs
LPG Tankers
LNG Tankers
Fishing Vessels
General Cargo Ships
Chemical/Oil Products Tankers
Chemical Tankers
Crude Oil Tankers
Container Ships
Bulk Carriers
Barges