ALLMIND will protect a pump, maximises efficiency, lower energy usage and lower maintenance and spare parts costs, claims manufacturer Colfax Fluid Handling (a business of Colfax Corporation a leader in critical fluid-handling, transfer solutions for the commercial marine, defense, oil & gas, power and industry). Energy costs account for 85 per cent of the total cost of ownership for ballast and cooling pumps, demonstrating the importance of assessing total cost of ownership rather than basing purchasing decisions purely on initial cost. The concept is just as relevantly applied to upgrade decisions, says Christian Martin, Director, Product Management Commercial Marine at Colfax.