{"id":134509,"date":"2019-10-07T13:26:12","date_gmt":"2019-10-07T10:26:12","guid":{"rendered":"https:\/\/maritimes.gr\/bawat-as-raises-new-capital-of-more-than-dkk-20m-fortifies-board-and-management\/"},"modified":"2019-10-07T13:26:12","modified_gmt":"2019-10-07T10:26:12","slug":"bawat-as-raises-new-capital-of-more-than-dkk-20m-fortifies-board-and-management","status":"publish","type":"post","link":"https:\/\/maritimes.gr\/en\/bawat-as-raises-new-capital-of-more-than-dkk-20m-fortifies-board-and-management\/","title":{"rendered":"Bawat A\/S raises new capital of more than DKK 20m, fortifies board and management"},"content":{"rendered":"<p><img decoding=\"async\" class=\" size-full wp-image-134507\" src=\"https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc.jpg\" alt=\"\" width=\"900\" height=\"601\" srcset=\"https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc-200x134.jpg 200w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc-300x200.jpg 300w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc-400x267.jpg 400w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc-600x401.jpg 600w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc-768x513.jpg 768w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc-800x534.jpg 800w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/10\/9dd474766a8c6c745f16bf506bfebddc.jpg 900w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/>The Danish company Bawat A\/S, specializing in the treatment of ballast water aboard ships and in ports, has just finalized the provision of capital equal to more than DKK 20m from new and existing shareholders.<\/p>\n<table align=\"right\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" style=\"width:100\\%; max-width:400px;\">\n<tr>\n<td class=\"image_apostasi\"><img decoding=\"async\" class=\"image_sketi\" src=\"\/ennews\/uploads\/bawat.jpg\" style=\"max-width:400px; width:100\\%; max-height:112px;\"><\/td>\n<\/tr>\n<\/table>\n<p>The new shareholders include Selfinvest Family Office as a key stakeholder, and previous TORM CEO and&nbsp;current SKULD chairman Klaus Kj&aelig;rulff. Former Sondex owner &Aring;ge S&oslash;ndergaard of SonFlow A\/S joins the&nbsp;new shareholders. Their engagement represents considerable support of Bawat and the company&#8217;s unique&nbsp;technology.<\/p>\n<p>The reinforcement takes place at a time when the IMO conventions pertaining to ballast water treatment&nbsp;for existing ships come into force, with more than 50,000 ships requiring the installation of a ballast water&nbsp;systems over the next five years.<\/p>\n<p>The company has submitted parallel applications for the attainment of US Coast Guard type approval and&nbsp;IMO certification, and expects both approvals shortly. Bawat&rsquo;s technology continues to be based on the&nbsp;unique use of waste heat from the ship&#8217;s main engine or other onboard waste-heat sources for ballast&nbsp;water heat treatment. In its current state, the &#8216;one pass system&#8217; is the sole system on the market capable of&nbsp;in-line treatment of ballast water by way of ballasting or de-ballasting without requiring retention time&nbsp;between treatments. Operationally, this results in the most flexible system on the market, while at the&nbsp;same time contributing positively to the green shift in the shipping industry. Another unique feature of the&nbsp;system is its advantageous application in ports and in shipyards.<br \/>With the aim of strengthening the company, the board and management have undergone significant&nbsp;changes. Marcus Hummer, former COO in Kelvion, a world-leading manufacturer of heat xchangers, has&nbsp;taken up the post as the company&#8217;s new managing director. Marcus replaces Kim Diedrichsen, who has&nbsp;filled the post as managing director since 2013. The board thanks Kim Diedrichsen for having brought the&nbsp;company to its current position.<\/p>\n<p>Thomas S. Knudsen, former CEO of MAN Energy Solutions and chairman of Maritime Denmark, has been&nbsp;appointed to the board of directors, together with Charlotte Hummer Vad, former Head of Customer&nbsp;Communication, Novozymes, and Peter Stokbro, Head of Technical Department, Uni-Tankers. Klaus Nyborg,&nbsp;chairman of the board in, among others, Dampskibsselskabet Norden, continues as chairman of the board&nbsp;of directors.<\/p>\n<p>According to Klaus Nyborg, &ldquo;The company will be well positioned for the future owing to the considerable&nbsp;capital infusion of more than DKK 20m from existing and new shareholders. Together with the new and&nbsp;highly experienced management and board, we are now prepared for considerable growth in the years to&nbsp;come, based our unique and patented highly competitive system for the treatment of ships&#8217; ballast water.&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Danish company Bawat A\/S, specializing in the treatment of ballast water aboard ships and  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":134507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273],"tags":[],"class_list":["post-134509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritimes-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bawat A\/S raises new capital of more than DKK 20m, fortifies board and management - Maritimes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimes.gr\/en\/bawat-as-raises-new-capital-of-more-than-dkk-20m-fortifies-board-and-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bawat A\/S raises new capital of more than DKK 20m, fortifies board and management - 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