A floating, offshore drilling and/or production platform such as a tension leg platform, semi-submersible, spar or the like is equipped with a ballast tank system that comprises the traditional tank and a shaft that runs typically vertically from top-of-hull level to the top of the tank. This shaft is large enough to allow the ballast pipe, sounding lines, instrumentation piping, etc. to be installed within it. In certain embodiments, the shaft itself functions as a vent line.