Sailors SocietyGeneva DryPort of StocktonBühler GmbHTBA GroupPort of South Louisiana
  • Port of Stockton
  • Geneva Dry
  • Cimbria
  • Telestack
  • Vigan
  • TBA Group

BIO-UV Group revenue hike

BIO-UV Group revenue hike

(Posted on 09/11/18)

Sales of the BIO-SEA ballast water treatment system have contributed to an increase in third quarter revenue for France-based BIO-UV Group. The Group reported a Q3 2018 revenue of €3.4m, an increase of 30% on the same period last year.

“The expanding ballast water market is the main driver underpinning growth, and one that is expected to continue over coming months,” said Benoît Gillmann, President and CEO, BIO-UV Group.

“We are currently experiencing a ramp-up in order intake following our USCG certification and anticipate BIO-UV Group total revenue growth in 2018 of at least 15%, driven in particular by a sharp acceleration of the ballast water treatment market, which should secure growth of at least 60% over the full year.”

To date, BIO-UV Group has supplied its BIO-SEA Ballast Water Treatment System to more than one hundred vessels worldwide, with more orders in progress. Owners operating the UV-based BIO-SEA includes Maersk Lines, MSC Cruises, CMA CGM and Louis Dreyfus Armateurs.

A strategy to increase its global footprint has also contributed to revenue growth. International expansion, which accounted for 50% of the Group’s revenue in 2017, saw the company establish a network of sales and distribution agents in more than 65 countries, with focus on key geographical areas in the Asia-Pacific region.

This year, the Group opened a subsidiary in Hong Kong to oversee future sales growth and ramp-up manufacturing in the region: BIO-UV Asia.

BIO-UV Group’s current orderbook is valued at €6.4m. Beyond 2018, the company reiterates its ambitions for 2022 to achieve revenue of around €40m.

Across all the available technologies, eleven ballast water treatment systems have received IMO and USCG approval.

BIO-UV Group is one of only three manufacturers of UV-based BWTS to have obtained approvals from both the International Maritime Organisation and the US Coast Guard.

Latest News

Naples cargo operator invests in energy-efficient Konecranes Gottwald MHC

(Posted on 01/05/25)

Magazzini Generali Silos Frigoriferi (MGSF), part of the Klingenberg Group, has ordered a Konecranes... Read more


FuelEU Maritime compliance strategy is commercial priority, says OceanScore

(Posted on 28/04/25)

FuelEU Maritime represents a strategic headache for shipping companies on the same level as its technical... Read more


Wärtsilä upgrade to deliver emissions savings for Ulusoy bulk carriers

(Posted on 22/04/25)

Technology group Wärtsilä will upgrade the Wärtsilä RT-flex main engines... Read more


Steelpaint secures major order for application on 39 bulk vessels

(Posted on 22/04/25)

German coatings firm Steelpaint GmbH has secured a major order to supply its specialist Stelpant... Read more


BAR Technologies' WindWings a practical solution

(Posted on 15/04/25)

In the wake of the International Maritime Organization's (IMO) Marine Environment Protection Committee... Read more


Orderbook for all dry-bulk vessel classes falls by 26% Y-o-Y in Q1

(Posted on 15/04/25)

Global economic uncertainty and a cooling of the market has seen newbuild orders for dry-bulk vessels... Read more


Alfa Laval expands its portfolio with NRG Marine acquisition

(Posted on 03/04/25)

Alfa Laval has completed the acquisition of UK-based NRG Marine, a leading provider of ultrasonic anti... Read more


MBF and ZESTA MoU to accelerate zero-emission shipping

(Posted on 03/04/25)

In a landmark moment for the global maritime industry, the Maritime Battery Forum (MBF) and the Zero... Read more


Bruks Siwertell Group announces leadership transition

(Posted on 31/03/25)

Bruks Siwertell Group has announced a leadership transition as Peter Jonsson steps down as CEO after... Read more


ClassNK issues AiP for OceanWings Rigid Windsail Type WAPS

(Posted on 31/03/25)

ClassNK has issued an approval in principle (AiP) for a Rigid Windsail Type Wind-Assisted Propulsion... Read more


TelestackVan AalstViganTMS Awards 2023Cimbria
  • Sailors Society
  • TMS Awards 2023
  • Van Aalst

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping