STX Metal of Korea is spearheading entrance into ballast water management system business, by winning IMO's technical approval.
STX Metal announced on November 13 that it received final approval by IMO for its self-developed BWMS 'Smart Ballast', during MEPC 64, held in London, UK.
Now the Korean company has secured competitiveness in BWMS market, which is expected to expand up to KRW 80trn ($73.4bn) by 2017.
Smart Ballast has passed IMO's performance standards and has been approved of its space and energy efficiency as well as environment friendly features.
STX Metal plans to win type approval by the Ministry of Land, Transport and Marine Affairs during the first half of 2013 after on-board test. Also, it is to prepare for mass production according to schedule.
Published : November 14, 2012
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