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Ship Fleet Management System—Market Outlook : FMS Adoption in Ships Likely to Accelerate by 2018 with New-generation Ships Creating Opportunities

  • October 2014
  • 32 pages
  • Frost & Sullivan
Report ID: 2466780

Summary

Table of Contents

Key Findings

Government regulations and international maritime organization (IMO) compliance are key drivers leading the ship fleet management system (FMS) developments and adoption rate.
Technology advancements have been a huge part in making the shipping industry increasingly efficient and swift.
FMSs are a major factor in fuelling maritime traffic, and along with recent technological revolutions, have reduced mobility and accessibility costs.
Despite significant penetration (more than xx%) within the shipping industry segments, the adoption scenario is still considered to be between the introduction and development stage.
Ship FMS packages are segregated into basic tracking, reporting, and analysis.

An Overview

What
•A solution to track real-time movements of ships online, 24/7, acrossxx continents and overxx countries
•A system enabling ship owners to monitor and locate fleets accurately through integrated fleet tracking solutions
•A Web-based application that can be accessed, installed, and downloaded to collect satellite data accurately, along with mapping and weather information

How
•Hardware and software solutions—generate global position system (GPS) data gathered using an Inmarsat C transceiver and generate position reports
•Hardware solutions—installed on ships and information is viewed on the Web
•Software solutions—configured software reads the GPS data report through email, SMS, fax, or telex

For
•Ship owners—to track, locate, and monitor vessels remotely 24/7
•Ship operators—to be informed about fleet activities in order to improve fuel efficiency and performance
•Charterers—to monitor a ship’s course and speed, idle time, and monitor weather forecasts

Why
•To monitor and improve overall fleet performance
•To improve fuel efficiency and save fuel cost
•To increase operational efficiency and improve risk management
•To adhere to compliances and regulations in each regional zone
•To increase safety and fleet security

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