Owners Face the High Cost of Ballast Delays
Compliance actions by US regulators coupled with slow shipowner installation trends could have heavy cost ramifications, as thousands of vessels begin the process of installing ballast water management systems (BWMSs) ahead of an initial September 2019 deadline.
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Jeanne Grasso, a partner with law firm Blank Rome, said the policy could cost shipowners up to USD500,000 or more in added drydock costs that they did not have to spend under the previous ‘next-scheduled drydock date’ policy.
“It’s a huge policy difference that had only the warning of a blog post, not even a policy letter,” Grasso told Fairplay. “That amount of money is not insignificant to some operators. And it’s going to come up a lot. It’s not uncommon to have a drydock delay of a few days,” she said.
"Owners Face the High Cost of Ballast Delays," by John Gallagher was published in Fairplay on October 29, 2018.