SatCom Useage Savings Vaunted by Inmarsat Boss

MarineLink.com
Friday, September 13, 2013

Maritime industry leaders attending the current London International Shipping Week heard how ship owners and managers can achieve 10 per cent operational savings if they focus on the value of satellite communications rather than on cost.

In a keynote speech at the event, Frank Coles, President of Inmarsat Maritime, urged delegates to weigh up the cost of investing in improved satellite communications against the substantial benefits.

“The problem is people haven’t always moved with the times and so may not know what’s possible,” he said. “So, they’ll look at their current cost, which is an average of US$25 per day, and seek a reduction. “In reality, though, that’s just 0.3 per cent of a ship’s running costs. It’s literally a drop in the ocean. “However, if they were to increase that to just US$100 a day to take advantage of unlimited email and data, our figures show they could actually reduce the cost of running a ship by 10 per cent.”

In monetary terms a vessel using satcoms to their full potential could cut running costs by nearly US$200,000 a year, Frank Coles claimed.

The potential savings presented to delegates come from a variety of sources, including:
 • Fuel savings
• Performance improvements
• Lower port charges
• Insurance premium reductions
• Better crew morale and retention, and
• Lowering the cost of remote IT repairs and support.

He urged ship owners and managers to draw a comparison between how they hasten to equip their teenage children with a mobile phone, so they are safe and contactable, with their reluctance to invest in satcoms to keep in contact with a ship worth US$50 million or more.

Frank Coles was speaking at London International Shipping Week as part of Inmarsat’s Platinum sponsorship of this year’s inaugural event.
 


 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Hamburg Süd to Acquire CCNI Liner Service

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg,

MOL Commended with Quality Ship Awards

MOL Commended for ‘FY2013 Best Quality Ship Award’; MOL president Koichi Muto meets with captain and chief engineer, exchanging views and working to establish a more solid safe operation system.

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

Technology

Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.

UK Chancellor Mentions Hi-Tech Tax Breaks on Bibby Offshore Visit

Bibby Offshore, subsea services provider to the oil & gas industry, says it has hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s workshop,

ABS, MPA to Collaborate on Maritime R&D

ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation.

Marine Electronics

More VDR Orders for Danelec in China

Danelec Marine has received orders to supply Voyage Data Recorders (VDRs) and Electronic Chart Display and Information Systems (ECDIS) for 18 offshore support vessels in China.

Seafarers Beware – Social Media Ahead

Videotel, part of KVH Industries, Inc., has launched a new program, Social Media at Sea, addressing the unique dangers of inappropriate use of social media by shipboard

Jacksonville Adds PORTS Real-time Data System

Officials from NOAA, the Jacksonville Marine Transportation Exchange, and the Jacksonville Port Authority officially dedicated a new information system today

Finance

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

Star Bulk Takes Delivery of First Capesize from JMU

Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the

Communication

Seafarers Beware – Social Media Ahead

Videotel, part of KVH Industries, Inc., has launched a new program, Social Media at Sea, addressing the unique dangers of inappropriate use of social media by shipboard

General Dynamics Launches Morgan County NextGen-911

General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio.

Matson to Release Q2 2014 Financial Results

Leading U.S. carrier in the Pacific, Matson, Inc., informs it will release its financial results for the Second Quarter 2014 on Thursday, July 31, 2014. President

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1351 sec (7 req/sec)