Page 41: of Marine Technology Magazine (September 2013)

Ocean Observation: Gliders, Buoys & Sub-Surface monitoring Networks

Read this page in Pdf, Flash or Html5 edition of September 2013 Marine Technology Magazine

SEAMORROV Systemswww.seamor.com [email protected] ~ôôôóîõrôôõì{~îñìóîõrôôõõbine it with other engineering data like enviromental stuff, design and design codes and from that comes a series of opinions. We are generating three opinions and basically engineering opio-nions. That is the expectation of the insurance market and also the operating companies,? Hall said. The opinions will consider the current condition of the mooring system and what can be expected over the next three to  ve years. With the condition of the mooring system, how does that align with class requirements, whether they are adequate or not and also how does that align with regulatory regimes in the country or region of operation. Finally, how well aligned is an operator with increasing expectations from the insurance industry. That industry has produced a program called ? oating unit mooring assesment (FUMA),? an endorsement that the industry is starting to insert into insurance policies.?Their expection is as new technologies come along they will be continually added and always continually improving the quality of that  tness for puropose assessement,? Hall said. But even as Welaptega?s future looks even more promising with the demand for more stringent inspections and an alliance with BPP-TECH, there will continue to be challenges and access to money will always be one of those challenges. ?It is a tight capital market out there, and it is hard to raise mon- ey for small and medium sized enterprizes,? said Hall. ?And if you are suddenly going through growth then capacity becomes an issue. You need more equipment, you need more people, you need a greater ability to execute more work and that obviously requires  nancing. Traditionally, technology companies have a problem because they don?t really have a lot of hard assets to use as a basis for  nance and the money tends to be expensive and hard to come by, so it is always a challenge,? Hall concluded. www.seadiscovery.com MTR #7 (34-49).indd 41MTR #7 (34-49).indd 418/22/2013 11:03:47 AM8/22/2013 11:03:47 AM

Marine Technology

Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.