Israeli company FilterSafe signed a cooperation agreement with the Hong Kong based shipyard Yiu Lian. The company, specializing in Ballast Water Filtration systems, will cooperate with Yiu Lian in manufacturing and installing the filtering systems in an expected market of 20,000 ships in the next 5 years.
This new large market is due to a new convention on Ballast Water Management (BWM) that will go into effect in 2017, and requires all new ships be equipped with a filtration system, and older ships should be retrofitted. To read more about this convention visit this page.
FilterSafe’s leading technology, combined with Yiu Lian’s extensive experience in ship retrofitting will allow both sides to grow fast and enlarge their costumer portfolio in the next few years.