BWTBOAT - Shared solution for shipping to comply IMO BWM CONVENTION

Shipping industry is facing downturn due to over capacity competition and new CAPEX OPEX due to environmental regulations like BWM Convention and IMO 2020 0.5% sulphur fuel cap. To reduce these costs its important for them to make alliances and opt for shared solutions. In addition to BWM convention, ship owners also need to comply with 0.5 % Sulphur cap regulations from 2020 which will cost them approximately $250 extra per ton fuel either through using low Sulphur fuel or LNG or scrubber installation. So Ballast water treatment system fitment on ship is further burden to ship owners amid maritime slowdown. Thus strategically it is most likely that BWTBoat concept can be savior for shipping industry and profitable international business opportunity for investors whose market will rise to $120 billion dollars by 2024. Implementation among SAARC & ASEAN countries can be a starting point to realize Indian Innovation.