- About us
- IBJ Awards
- Free Sample
- Contact us
New port equipment alliance
(Posted on 07/09/20)
Two global leaders in maritime procurement and project management have joined forces to offer port and terminal operators a turnkey solution that cuts procurement costs and overheads while also increasing staff productivity.
Lifecycle contract management specialist and iSpec creator Remy InfoSource is now partnering with Trent Port Services, an international port services and solutions company, to offer port companies a combined service solution that enables the easy establishment and oversight of a single capital expenditure (Capex) budget for all equipment procurement, third party factory inspections and project management requirements.
“By outsourcing complex equipment projects to our new partnership, large and small port companies can reduce the in-house time, costs and resources usually allocated to manage a complex expansion project from idea to completion,” said Pieter Boshoff, CEO of Remy InfoSource.
When a port procures, for example, a Ship-to-Shore crane, it usually allocates a percentage of that Capex to Third Party Inspections (TPI), design review meetings and periodic project manager visits to the crane factory. In addition, overhead costs often not included in Capex numbers usually include maintenance and refurbishment of systems used for project management, corporate headcounts for managing strategic projects, and office overheads to support a larger corporate team.
“All of this adds significant extra costs – often hidden - onto most port expansion or upgrade projects, taking the delivered price beyond the original budget,” said Boshoff.
“Under this new business model we are offering with Trent Port Services, we can take on all turn-key equipment procurement, taking away these additional costs and distractions for a small percentage of the overall Capex budget, enabling customers to outsource projects, reduce management costs and free up in-house resources for core operations.”
The turnkey product offered by Remy InfoSource and Trent Port Services combines the deployment of iSpec, Remy InfoSource’s innovative web and mobile-based software procurement solution for buyers of capital-intensive equipment, with the renowned port project management expertise of Trent Port Services.
“This solution enables port operators and their employees to focus on what they do best – managing ports, operations and their customers,” said Jon Arnup, Founder & CEO of Trent Port Services. “We take on the entire project using a single Capex budget approach. This cuts down management and procurement costs with payment milestones aligned to the deliverables of each individual project.
“When a port is not buying equipment, it therefore has zero overheads and costs. In other words, you only pay when you need something. This reduces corporate costs on labour, systems maintenance, corporate server farms and other overheads.
“For larger port operators, this tangibly improves project visibility and collaboration between corporate, regions and individual terminals, while reducing costs. For smaller ports, the overhead and manpower savings are substantial.”
Remy InfoSource and Trent Port Services are longstanding collaborators, not least because Trent Port Services is one of iSpec’s foremost customers. Complex port expansion or upgrade projects can take many years to plan and complete, and cost overruns, delays and implementation failures are common. Most project management systems aim to support this process. However, unlike iSpec, they focus on the vendor/provider instead of the buying organisation.
Thordon Bearings delivers support to wind power-in-a-box technology(Posted on 20/03/23)
Thordon Bearings is supplying its grease-free, self-lubricating ThorPlas-Blue bearing material to a... Read more
New Chairman and CEO for BIO-UV Group(Posted on 20/03/23)
French water treatment specialist BIO-UV Group has appointed Laurent-Emmanuel Migeon as its new Chairman... Read more
Anglo-Eastern enhances fleet performance with Wärtsilä’s CII tool(Posted on 07/03/23)
With Wärtsilä’s CII Dashboard, Anglo-Eastern is now able to make better informed decisions... Read more
Siwertell ship unloaders for new Chinese power station(Posted on 07/03/23)
Bruks Siwertell has completed the commissioning of two large-scale Siwertell ST 790-D-type ship unloaders... Read more
Green Ray project to minimise methane slip from LNG-fuelled engines(Posted on 28/02/23)
A consortium including technology group Wärtsilä has secured European Union funding to develop... Read more
Latest USA operator selects Siwertell ship unloading technology(Posted on 28/02/23)
Bruks Siwertell has received an order for a next-generation Siwertell road-mobile ship unloader from... Read more
Survitec’s pre-inspection delivers greater safety servicing efficiencies(Posted on 24/02/23)
Global Survival Technology solutions provider Survitec has introduced a new, formalised pre-inspection... Read more
Small propellor defects can result in increased radiated noise(Posted on 24/02/23)
The slightest deviation in the machining, polishing, and finishing of ships’ propeller blades... Read more
Bühler shows profitable growth in 2022(Posted on 20/02/23)
Bühler expanded its business and improved profitability in an uncertain and volatile business environment... Read more
Wärtsilä plans structural changes to streamline marine offering(Posted on 20/02/23)
Wärtsilä plans to further focus on end-to-end voyage optimisation and to move part of Voyage... Read more