Ballast Water Management Market Insights, Future Trends and Forecast upto 2025 | TMR
Vessels use seawater onboard for stability, which has a distinct marine environment affect with indigenous marine life and aquatic microbes. Releasing of untreated ballast water in the vessels may disturb the indigenous ecosystem. Thus, ballast water management aims at reducing the destructive effects of ballast water disposal. In February 2004, the International Maritime Organization (IMO) adopted a convention for the management, sedimentation, and control of ballast water. Increase in the regulations of IMO and growth in the trade volume of the shipping industry are estimated to drive the global ballast water management market.
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