Splash24/7: Ballast water ratification akin to single-hulled tanker ruling 20 years ago: Gibson

12 September 2016: ‘“Will the cost of these systems encourage some owners to scrap their vessel rather than take it through another special survey?,” New York broker Poten & Partners mused in a weekly report. “That may happen in certain individual cases. A scrapping decision depends on many factors, including the state and outlook for the market, scrap prices and the general state of maintenance of the vessel. The cost of a BWTS could tip the scale toward scrapping, but will not be the driving force,” Poten concluded.’ To read full article, click here.