Page 50: of Maritime Logistics Professional Magazine (Mar/Apr 2017)

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REGULATORY WATCH

We have 55,538 live vessels in our system.

According to our BWTS check for Class

Society notations there are around 2,027 vessels ? tted with BWTS. This leaves us with 53,510 vessels in need of retro? t.

– VesselsValue.com happening to a certain degree especially with small ship owners. The larger ship owners are still presenting their plans to charterers who will then have less to say about the choices.” The maritime industry is bombarded by regulation, sometimes without apparent payoffs to ship- ping interests. In describing the commercial advantages for owners who install BWT, Mr. Valentis said: “There are no material business bene