Today’s marine market demands greener, smarter, and more high-tech vessels. To remain competitive, shipbuilders must deliver those vessels on time, on budget, and on quality. Our Integrated Ship Design and Engineering solution enables marine companies to remain in control of the design spiral. By bringing all their multidisciplinary design data, processes, and tools in one centralized environment, they can break down information and collaboration silos, boost innovation, and improve enterprise productivity.

As the demand for high value-added vessels increases, so does the need to identify and mitigate the risks associated with more complex design and manufacturing processes. This need is compounded by the current climate of unpredictability and increased competition in the shipbuilding market. To remain competitive, a shipyard must deliver bids that are both attractive and accurate. To this end, having a fully planned, resourced, and budgeted end-to-end project management solution has become critical.

To meet today’s regulations and market demands, ships need to be greener, safer, smarter, more cost-effective, more connected, and more adaptable than ever before. As complexity increases, more parties need to be involved in the vessel design, manufacturing, and maintenance processes. With ship service lives reaching up to 40 years for a commercial vessel and 50 years for a naval one, it becomes apparent that robust ship lifecycle management is not optional; it is critical.

Stricter regulations and increasingly customized functional requirements have been driving the demand for more complex vessels. This wave of complexity is hitting the shop floor just as increased competition and rising economic uncertainty are forcing shipyards to reduce their production costs and time-to-market. Shipyards must deliver on spec, on time, and on a budget if they are to remain competitive. But when margins are already so low, how can shipbuilders keep reducing production costs without compromising quality?

As the economic slowdown continues to impact the already overcrowded shipping market, ship owners and operators are looking to maximize profit margins by lowering operational costs and improving vessel availability. At the same time, the rise of information and communication technology is opening new horizons for shipping companies and shipbuilders alike. So how can the marine industry capitalize on the sea of newly available data to improve the current ship service and maintenance model?