Page 40: of Maritime Reporter Magazine (October 2014)

40 Maritime Reporter & Engineering News • OCTOBER 2014

CONDITION BASED MONITORING

Much of what worries the industry concerns issues over which it has little to no control – oversupply, global political instability, private equity investments, environmental regulations, mob-backed piracy on the high seas and the perennial winner, rising fuel costs, all of which conspire to drive up operating costs and push down profi ts. It’s a surefi re recipe for pessimism and uncertainty. “The slight decrease in confi dence ... coincides with deterioration in the po- litical situation in areas of the Middle

East and Ukraine. Shipping operates on a global stage, and must inevitably be affected by international events,” said

Moore Stephen partner Richard Greiner at the release of his August report. He added that operations costs and regula- tory compliance are also a continuing cause for concern among owners and operators.

All that gloom and doom could be par- alyzing, leading ship owners to circle the fl eet and drop anchors until the iffy mar- ket blows over. But that’s not how you win at this game, and it’s certainly not a strategy for making money, or for that “The one thing you have to remember is that the software is only one third of the actual price in the end. There’s attaching the interfaces [the installation] and the need to do training.”

Jörgen Mansnerus

VP, Marine Management, Bore Ltd.

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