Page 10: of Marine News Magazine (February 2014)

ESRG, could exceed one billion dol- lars in the next Þ ve years. Potential annual value creation for individual ships could be as high as $1M.Newer ships launched recently are equipped with more sensors, provid- ing more and more performance and condition data that can be used to operate and maintain equipment at a higher performance levels and at a lower cost. A new vessel today might have over 1,000 data points, which would create 2.6 billion pieces of data over a month. When extrapo- lated across a ß eet of 100 assets, this equals more than 3 trillion data points per year. And, the ways that the Internet can beneÞ t your bottom line are almost endless: Condition Based Maintenance (CBM): The reduction of maintenance costs as well as energy consumption will be more easily through better technol- ogy. By doing the right maintenance, at the right time, at the right cost, surprises could be avoided during ex- tended maintenance periods.Condition Based Operations (CBO): Operators use real-time data and analytics to make better operational decisions to optimize the operation of the asset. Fuel and Energy: The marine in-dustry brings together the complex-ity of both power generation assets and energy consumption assets. A ship has to focus on both the energy production and consumption sides of the equation. This underscores the value that collecting operational and condition data in real-time and automatically analyzing can have above what an onboard operator can do with simple spreadsheets. Environment: From inland tug- boats to offshore platforms, the more efÞ cient use of the Internet will also decrease the risks associated with non-compliance with environmen- tal regulations. The transportation sector accounts for 13% of global greenhouse gas emissions. Marine is a signiÞ cant driver. This has led to various international, national and local organizations to impose stricter regulations on the types of fuel being consumed and resulting emissions. In addition to emissions regulations, the commercial shipping industry is coming under increasing scrutiny with regards to how ballast water is exchanged or treated to prevent the introduction of invasive spe- cies. Lastly, the industry continues to operate with regulations around discharges, including oily waste. All systems can be monitored and auto- matically analyzed to ensure com- pliance and transparency for a wide variety of stakeholders. Smart Equipment and Data Inte- gration: Military vessels have taken the Þ rst step in data integration with the US NavyÕs LCS (Littoral Combat Ship) having the diesel generators, diesel engines, gas turbines, reduction gears, combining gears, lube oil, shaft bearings, water jets, air conditioning plants and water desalinization plants integrated, with data and analytics available onboard and onshore. Communications Bandwidth: Ship-owners continue to upgrade their ship-to-shore communications as the cost of satellite communica-tions decrease to less than $1 per megabyte of data. As utilization of existing satellite networks increases, ESRG says that the per-unit cost will also decrease over time. Analytics can be used to validate and qualify the data to ensure that the right data is selected and (economically) trans-mitted ashore. Custom Applications: These in- clude ÒTow conÞ guration optimi- zation for tugs.Ó By utilizing actual performance data from engine per- formance, power, speed through water and tow diagrams, operators will be able to better understand what causes a speciÞ c conÞ guration of barges to be more efÞ cient than others. This information can be lev- eraged to optimize proÞ t, through reducing fuel consumption or reduc- ing time to detach and add barges.BY THE NUMBERSAccess the ESRG White Paper by clicking: http://www.esrgtech.com/company/ESRGcontent/ ESRG: www.esrgtech.com February 2014 10 MNMN FEB14 Layout 1-17.indd 10MN FEB14 Layout 1-17.indd 101/21/2014 10:24:58 AM1/21/2014 10:24:58 AM