01.01.70

(Updates with comments from Maersk starting in sixth paragraph, today’s interest prices from fifth.)

Jan. 19 (Bloomberg) -- Hapag-Lloyd AG and Maersk Get hold of are among ship owners facing a $100 billion bill to cleanse ballast effervescent water that spreads diseases such as cholera and invasive species including mitten crabs, adding to costs as merchandise rates slump.

A binding convention drawn up by the International Maritime Organism requires shipping lines to retrofit 60,000 vessels with mechanism that kills unwelcome organisms and costs from $200,000 for an offshore-contribute craft to $4 million for an oil tanker.

The rules add to pressure on margins at shipping companies from Hamburg-based Hapag-Lloyd and Denmark’s Maersk to Evergreen Maritime Corp. of Taiwan, which all posted tumbling third-quarter earnings. Waertsilae Oyj of Finland and OceanSaver AS of Norway, providers of cleaning furnishings and filters, expect to benefit.

Source: BusinessWeek

by irreedy

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