BWMS: Erma First acquires Echoclor

With the IMO Ballast Water Management Convention in force since 2017, the majority of the world fleet is now equipped and the BWMS retrofit market is nearing saturation. Inevitably that will produce consolidation in the market and, in line with that trend, Perama, Greece-headquartered Erma First reports that it has successfully completed the acquisition of North Haven, Conn.-headquartered Ecochlor, Inc.

Erma First says the acquisition broadens the range of ultra-efficient ballast water treatment...

https://www.marinelog.com/legal/environment/bwms-erma-first-acquires-echoclor/

Erma First takes over Ecochlor

Erma First Group has successfully completed the acquisition of Ecochlor, aiming to strengthen its position as a trusted provider of ballast water treatment and advanced decarbonisation solutions.

Broadening the range of ultra-efficient ballast water treatment systems (BWTS), future-proof decarbonisation solutions and related services under the Erma First umbrella, the acquisition consolidates the company’s status as one of the world’s largest BWTS providers.

“Erma First Group is dedicated to...

https://container-news.com/erma-first-takes-over-ecochlor/

Passive air lubrication innovator Armada reports successful seed funding round

Armada passive air lubrication technology

Birkenhead, U.K., headquartered passive air lubrication system developer Armada Technologies reports that it has closed its seed funding round, raising a total of $3.2 million.

The seed funding round will see LNG carrier operator Cool Company Management Ltd. (CoolCo) part-fund Armada equipment that will be installed on its vessels.

Armada’s second-generation passive hull air lubrication system (PALS) uses a venturi system, partnered with the vessel’s forward motion, to create a bubble spread that...

https://www.marinelog.com/news/passive-air-lubrication-innovator-armada-reports-successful-seed-funding-round/