A leading P&I club has told shipowners that the cost of new regulations on ballast water management has the potential to drive a big hole in their ability to trade. The UK P&I Club has said adherence to the Ballast Water Management Convention 2004 is likely to cost millions of dollars and will require a detailed understanding of what is expected. In a briefing to its membership, the UK club stated: "The new rules on the management of ballast water will require them [shipowners] to understand compliance standards, develop a ballast water management plan, select and install a treatment system, and train personnel to operate the system. Their ships will be subject to surveys and inspection to maintain certification."
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