Bawat in Nasdaq public listing

He added, “This is all the more encouraging because the idea of treating ballast water onshore is a cornerstone in our growth strategy. It is a market where we are uniquely positioned because of our technology, and one where we can offer ballast-water-treatment-as-a-service to achieve strong recurring revenues. Just a few weeks ago, we established a new US-based joint venture with BWMS reception specialist Monstrant Viam specifically to exploit what we believe are significant opportunities for offering ballast-water-treatment-as-a-service to marine vessels in the Gulf of Mexico.”

Monstrant Viam founder and chief executive William Burroughs said, ”We are excited about our joint venture with Bawat to develop the US market for ballast water reception and treatment as a service. We see growing customer interest as we prepare to deploy equipment and launch service offerings later this year. We project that one or more of our barge or shore-based facilities will be providing services in every US port in the coming years.

Bawat chairman of the board of directors Klaus Nyborg said, “Our system is by far the most environmentally friendly out there. We use virtually no electricity and no chemicals at all. But what is probably even more important from a commercial point of view is that our system is the only one to be effectively deployed from shore. As a result, we will launch a business model none of our competitors currently have access to, namely ballast-water-treatment-as-a-service. Demand is already here, and from talks with potential customers there are numerous instances where, instead of installing a ballast water treatment system on each ship, it would be both easier and cheaper for the operator simply to buy the required ballast water treatment as a service for all its ships. Therefore, from the end of this year, you will start to see floating Bawat facilities to treat ballast water in major harbours and maritime hubs around the world.”

Vessel Optimisation Webinar Week 25-27 January 2022.