IMS Group Purchases Oceansaver Assets

Published Sep 22, 2017
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On September 20th, IMS group signed a purchase agreement with the OceanSaver Trustee to acquire all intellectual property, certificates and assets after OceanSaver’s bankruptcy filed on September 13th 2017.

OceanSaver has been a well-recognized supplier of ballast water treatment systems for oceangoing vessels in accordance with UN’s Ballast Water Treatment Convention. OceanSaver was among the first suppliers to be approved by IMO, to successfully complete the stringent test regime by the US Coast Guard and to obtain a USCG type approval in December 2016.

In July, the International Maritime Organization (IMO) decided to postpone the implementation of the ballast water convention by two years, delaying it to 2019. The delay has had a major impact on the market for retrofitting ballast treatment systems. In addition, the ship newbuilding activity continues to be low, and the combination has led to significant downward pressure on prices and uptake of ballast water treatment systems.

OceanSaver has sold approximately 200 ballast water treatment systems. Some key features of OceanSaver systems are:

  • USCG approved without operational limitations on December 23rd 2016, as the first electro chlorination maker in the world.
  • Identical system operation and performance in US – and outside US waters.
  • No minimum ballast water holding time requirement.
  • Gravity de-ballasting
  • Patented C2E high efficiency disinfection dosage system.
  • Patented electrodialysis process where hydrogen produced is prevented from entering ship’s ballast system.

OceanSaver ballast water treatment systems will be a valuable extension to our product range and fit right into our existing sales, service and manufacturing setup which is already geared towards commercial vessels built at yards worldwide.

“We think it is of significant added value for customers that the ballast water treatment product range is integrated into an already profitable and sustainable business with several maritime products. We would therefore not be dependent on a steady market, but will be able to adjust quickly, both with production capacity and personnel,” says Roy Langseth, CEO of the IMS Group.

This will provide stability and reliability for ship owners who plan to invest in ballast water treatment systems, one singular point of service for yards, as well as synergies between product ranges and a streamlined service organization for us as a maker he adds. The product will be sold and manufactured at TeamTec, which is a company in the IMS Group.

“OceanSaver has now a unique and well tested technology, and we are proud to have this product as a part of our portfolio,” says Olav Voie, CEO of TeamTec AS.

Tags: IMS Group, Oceansaver, TeamTec AS


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