Compliance with ballast water management regulations
First written in FY2016. 1 of 4 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2021.
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- FY2021AchievedAnnual report
「Following the entry into force of the IMO Ballast Water Management Convention, the company's group has completed installation of ballast water treatment systems on all of its oceangoing vessels.」
The company disclosed that installation of treatment systems on all oceangoing vessels had been completed, resolving the remaining 2-vessel backlog in its response to the Ballast Water Management Convention. - FY2020MitigatedAnnual report
「All of the company's vessels have successfully completed the switch to fuel oil compliant with SOx emission regulations. Installation of equipment to comply with the Ballast Water Management Convention remains incomplete on 2 oceangoing vessels, but is scheduled to be completed during the current fiscal year.」
The response to the ballast water management requirements has progressed to the stage where only 2 oceangoing vessels remain, with completion scheduled during the current fiscal year. - FY2020-Q2MaterialisedAnnual report
「Profitability deteriorated further due to the longer periods of vessel downtime associated with installing ballast-water discharge compliance equipment on the company's vessels.」
The previously planned response to the ballast water treatment system requirements has progressed to the installation stage on the company's vessels and has emerged as a factor worsening profitability through longer periods of downtime. - FY2016First statedAnnual report
「The IMO Ballast Water Management Convention will enter into force 12 months after the date on which 30 countries have ratified it and their combined fleet tonnage exceeds 35%. As of 8 March 2016, 49 countries had ratified the convention, but their combined fleet tonnage accounted for 34.82% of the total merchant fleet worldwide. In addition, under the ballast water management regulations applicable to vessels entering U.S. waters, a ballast water treatment system must be installed at the first dry-docking on or after 1 January 2016. As a result of these requirements, ballast water treatment systems must be installed on the company's 5 existing oceangoing vessels, and the company plans to address this sequentially.」
The entry into force of the convention and U.S. regulations created an obligation to install treatment systems on 5 existing oceangoing vessels, and the company plans to address this sequentially.