Asset Performance Management News

Lloyd’s Register (LR) has presented GE with an Approval in Principle (AiP) to ‘Digital Twin READY’, marking the first ever approval of a digital twin health management system for marine applications.At a press conference today during SMM trade fair in Hamburg, Germany, it was announced that Lloyd’s Register’s newly released Digital Compliance has been validated through a cocreation project with GE, resulting in an AiP to ‘Digital Twin READY’ for GE’s Predix Asset Performance Management…

BMT has introduced BMT Deep, an advanced interactive asset data platform designed to deliver deeper insights for enhanced offshore asset performance management. “With 20+ years practical experience of working with marine structures, we have developed a platform that can monitor, review or forecast the performance of offshore assets,” said Soma Maroju, Product Development Lead for BMT Deep. “Using AI and machine learning we have been able to build advanced models that reinforce the platform’s capabilities.

The 'digital revolution' continues in earnest in the maritime and offshore energy sectors, driven by new pilot programs with positive results such as GE (NYSE: GE) and Maersk Drilling, which announced this morning an extension of the scope of their digital partnership following the positive results of a pilot probem, with the bottom line focus of enhancing drilling productivity. During the extended partnership, Maersk Drilling and GE will expand the scope of the 2016 pilot project—one vessel…

The start of every year calls for time to reflect on the last. The offshore and marine industry can look back on 2016 as one of the most bruising in recent memory. The downturn has been tough and drawn out, with increased divestment, more stringent environmental regulations and a prolonged shipbuilding cycle that has resulted in overcapacity. However, challenges can be harnessed as a force for progress. The downcycle has pushed the industry to reshape its competitive landscape, probably a change that has been overdue.

No two days in the navy are the same. Whether teams are facing a humanitarian mission, complex manoeuvres or a training exercise, navy recruits must be prepared for all eventualities, pushing their bodies and minds to the limits of their abilities. The same is true of navy fleets. While it is not always possible for operations to know what mission they will be faced with in the future, predicting a potential failure of an asset and maintenance need of individual ships, and therefore enabling better fleet management, can ensure they are best prepared for any mission and eventuality.

GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent. The two companies have collaborated to deploy SeaStream Insight, GE’s latest innovation in marine asset performance management, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will last for 12 months. Currently, the project has reached its first milestone, with data collected from the rig currently being processed and analyzed online.

GE’s Marine Solutions business is showcasing how its latest technologies are helping future cruise ships to be safer, cleaner and more efficient. “GE is dedicated to delivering innovative technical solutions to drive the cruise industry forward. Our long track record with major cruise lines underlines our strong position as a strategic partner for our customers,” said Tim Schweikert, president & CEO, GE’s Marine Solutions. Most recently, GE was chosen to provide upgrade services to three cruise vessels owned by the Carnival group.

The Society of Naval Architects and Marine Engineers (SNAME) awarded its highest technical honor, the David W. Taylor Medal for notable achievement in naval architecture or marine engineering, to Howard Fireman, ABS Senior Vice President, Asset Performance Management (APM). "Howard is recognized as a technical leader in naval architecture," said ABS Chairman and CEO Christopher J. Wiernicki. "His insight and guidance in design and energy efficiency are valued by the industry in great part because of his ability to provide real-world practical solutions.

ABS has announced the launch of its Ballast Water Management Systems (BWMS) Selection Service to assist designers, shipyards, owners and operators in selecting the solution suited to the unique needs of each vessel. "As the maritime industry continues to adjust to the regulatory landscape impacting ballast water and as new technical solutions are brought to the market, the industry is looking for a trusted advisor who understands ballast water treatment solutions available in the marketplace," said ABS Senior Vice President for Asset Performance Management Howard Fireman. The ABS BWMS Selection Service is a multistep process. This begins with the ABS Operational and Environmental Performance (OEP) team gaining an understanding of vessel design and characteristics…

ABS, a provider of global maritime classification services, announced the formation of the Asset Performance Management Group (APMG). The new organization integrates several existing services into a single team focused on complete life cycle performance services that complement traditional classification services. "The future of classification requires ABS to work with our members and clients in a more collaborative, more efficient and less intrusive way," said ABS Chairman and CEO Christopher J. Wiernicki.

The intent is to establish a Joint Lab facility with A*STAR’s Institute for High Performance Computing (IHPC) to co-develop applications and solutions in the marine and offshore sectors. This arrangement will promote R&D activities in modelling and simulation, providing bespoke technical solutions for companies in these sectors. To encourage the development of technical expertise and young engineers, PhD students will be trained at the GTC during the program’s initial five-year period.

Lloyd’s Register Americas, Inc. has acquired Capstone Engineering Services, Inc. and Capstone Software Systems, Inc. The acquisition will be renamed Lloyd’s Register Capstone, Inc. and will strengthen the Lloyd’s Register Group’s integrity services business and provide its oil and gas business with a broader base in the Americas. With the addition of Capstone software, RBMI, the Lloyd’s Register Group strengthens its position by enhancing its world-class, risk and asset management services, and its client-focused, software solutions. Capstone, a Houston-based company, has been helping clients improve process plant reliability and equipment integrity by providing a set of integrated consulting services and the most comprehensive risk-based inspection (RBI) software on the market.