Optimarin sees revenues double in first six months of 2019
Ballast water treatment (BWT) specialist Optimarin reports positive developments in the market today, with the first six months of 2019 showing a year-on-year doubling of revenues, orders and a substantial increase in EBITDA. In addition, the Norwegian-headquartered globally leading company, has recorded increased business activity in key shipping areas such as North West Europe, South East Asia and the Mediterranean, while segments such as offshore are showing signs of recovery, the company said in its release.
Kallestad, who joined Optimarin from TTS Group in May, says the imminent deadline for IMO D2 ballast water compliance (coming into effect on 8 September 2019) is an obvious driver, but so too is the careful groundwork put in by a company that has been exclusively focused on BWT for the past 25 years.
Kallestad says that the company has recorded a 100% increase in sales in the first six months of the year, with uplifts across most geographical regions and ship types.
The Optimarin CEO says the business benefits from their track record in retrofitting, with strong partnerships with engineering experts Goltens and Zeppelin working as a foundation to build market advantage. The company has now installed close to 600 systems worldwide, of which around 45% are retrofits.
Current Optimarin customers include names such as Royal Caribbean International, Fednav, GulfMark, Hapag Lloyd, Matson Navigation, McDermott, the Danish Navy, MOL, Seatruck, Technip, and the Royal Netherlands Navy, amongst others. The Optimarin Ballast System (OBS) has certification from a comprehensive range of classification organizations, including ABS, BV, DNV-GL, LR & MLIT Japan, as well as full USCG and IMO type approval.