GL Say Shipping Should Invest in Software Technologies

Monday, May 14, 2012

Germanischer Lloyd suggest shipping companies under-invest & fail to gain benefits of modern marine software applications

Shipping is highly underinvested in modern software technologies. Only 0.7% of the investments that go into new vessels go into software technologies. With rising fuel prices and operating costs leaving the industry facing ever slimmer profit margins, Germanischer Lloyd (GL) experts showed how the increased deployment of the latest maritime software systems could help to fight this trend.

“Looking at ship operating costs we see a steady, rising trend,” said Dr Torsten Buessow, Vice President of GL Maritime Software, at a GL Exchange Forum held late April in Singapore.  His calculations, based on an analysis of the development in operating costs of three typical ship types, 3,000-4,000TEU container vessels, Panamax dry bulk carriers, and 15,000-20,000 dwt general cargo vessels, show an estimated growth rate of 13% from 2010 to 2014.

“There is a great deal of potential for the shipping sector to invest more into maritime software,” said Dr Buessow, “the sector’s investment level is just one fifth of that of the oil & gas industry. Software and new technologies can help ship owners and operators improve their cost positions and competitiveness.”  

The use of maritime software is on the rise and benefiting more and more ship managers and operators. For instance, around 150 vessels worldwide have adopted GL HullManager, a hull integrity management tool, as operators increasingly give the same attention to ships’ hull structure as they do to the condition of their machinery. As well as improving management efficiency through a 3D model of the vessel which can be linked to visual inspections and thickness measurement, the software can help to cut down on a vessel’s inspection and repair costs.

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Software Solutions

AVEVA Upgrades Structural Steel Software

AVEVA has released new enhancements to its AVEVA Bocad product range for structural steel detailing software.   AVEVA Bocad features a plate and bar nesting capability

Algoryx Simulation, Kongsberg Maritime Ink R&D Deal

Kongsberg Maritime and Algoryx Simulation have entered a five year agreement, which supports Kongsberg Maritime’s continuing development of fidelity and realism

‘VoyagOR’ Project Seeks Shipping Participants

Shipping companies are being sought to assist the ‘VoyagOR’ project, which aims use route optimization systems to make shipping operations more cost-effective.   The

Classification Societies

Salvage & Wreck Removal: Market Trends and the US Perspective

The global salvage business continues to be very dynamic with emerging trends and significant moves made by major salvors. While not as heavily affected by primary

Gas Carrier Concept Stems from Bulker Design

Deltamarin Ltd and Brevik Technology AS, a VARD affiliate, have joined forces to develop a novel multigas carrier design concept that combines the design of Deltamarin’s B.

LR Approval for GTT's Mark V Technology

GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces that


New Orleans Port, CORBA Join forces‏

An agreement signed today by Port of New Orleans officials and industry leaders from the Central Ohio River corridor could help spur commerce between the two regions.

Long Beach Port Delivers Best Quarter

With the best September in its 104-year history, the Port of Long Beach last month moved enough cargo volume to also achieve its busiest quarter, signaling a return to pre-recession trade levels.

Value of Fire-damaged Vessel Disputed

Press release - International Transport Intermediaries Club (ITIC) has reported a case in which hull and machinery insurance underwriters instituted proceedings

Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.1085 sec (9 req/sec)