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NAUTICAL MANAGEMENT SERVICES

NEW BUILD & LIFEX PROJECt MANAGEMENT.

NAUTICAL MANAGEMENT SERVICES

KEEPING YOU ON SCHEDULE.

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A new build vessel project is an exciting and equally apprehensive time in many ways. There are always a number of factors at play in terms of the triple constraints of 1) Budget, 2) Scope and 3) Schedule.  

No doubt the yet to be built vessel is already being pencilled into a commercial schedule and contracts may already be signed based upon the delivery date. 

The reality is that rarely do new build projects deliver on the base line delivery date, and even though a lump sum contract may in place with a particular yard, variation orders relating to scope expansion and other issues can come into play.  Both of these factors can hit the planned budget. 

New build projects can be a huge drain on management time and attention, and day to day operations may sometimes unintentionally take a back seat – and this rarely goes unnoticed by your existing clients. 

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MItiGATiNG THE RISKS.

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At Nautical Management Services we can assist in taking the strain and some of the uncertainty away from the project, by mitigating the risks around the triple constraints of budget, scope and schedule.  

Working with you and the selected shipyard, we offer new build project management services to oversee the new build, acting as the Owners Representative on site, also working closely with Class and Flag State to identify and rectify any issues early on before they become wider problems. This leaves you with the time and peace of mind to continue to run and develop your day to day business with your clients . 

We provide regular project reports into your steering committee, or project sponsor, to ensure that you are fully informed and up to date on any developments as the build progresses.  

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NAUTICAL MANAGEMENT SERVICES

LIFEX.

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When a vessel comes to 25 years old or more, chances are the machinery, equipment breakdown, and special survey costs are beginning to make things unsustainable on your repair and maintenance and dry docking budgets.  

Equipment and machinery obsolescence makes maintenance a considerable task. With a largely depreciated asset, it may be time to look at a significant capital cost project to extend the operating horizon of the vessel with a life extension (LIFEX) project rather than continue to paper over the cracks. Especially if the lead time and/or cost of a new build replacement are not tenable.  

Get in touch with us to discuss an assessment and project management of a life extension for your vessel. 

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