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March 3, 2023

The hidden costs of your Dry Docking project

While Dry Docking is an essential task that's required to keep your vessel in operation, there are other costs besides maintenance and parts. What are those hidden costs, and how can you avoid them to improve efficiencies and save money?

Vessel in dry dock with workers on scaffolding

Dry Dock hidden costs analysis and solutions

Dry docking is a necessary process in the maintenance of ships but there are hidden costs associated with the process. These costs can arise from outdated methods, delays, crewing, lost paperwork, missed data, and high-cost employees doing menial tasks.

                           

Dry docking is the process of carrying out maintenance of ships and involves bringing the vessel to a dry dock facility for repairs, cleaning, and inspection. While the benefits of dry docking are evident in improved ship performance, safety, and longevity, there are also hidden costs associated with this process. These costs can arise from outdated methods, delays, crewing, lost paperwork, missed data, and high-cost employees doing menial tasks. The following is a detailed discussion of the hidden costs of dry docking and the benefits of project management solutions.

  1. Outdated methods cost money: Using outdated methods can lead to inefficiencies, rework, and delays, resulting in increased costs. Some of these outdated methods include manual processes, paper-based systems, and spreadsheets. These methods are prone to errors, data duplication, and inaccuracies, leading to costly mistakes that can affect the overall quality of the dry-docking process.
  2. Delays in dry dock: Delays can occur due to various reasons, including unexpected repairs, weather conditions, and availability of the dry dock facility. These delays can have a significant impact on the overall cost of the dry-docking process, especially if the ship has to remain in the dry dock for an extended period.
  3. Crewing: While a ship is in dry dock, its crew still needs to be paid, however, they may not be able to perform their regular duties during this time. Dry docking requires a skilled and experienced crew to ensure that the ship is properly maintained, inspected, and repaired. Crewing costs can be high, and these costs can increase if the crew needs to be trained or if specialized equipment is required.
  4. Lost paperwork and missed data: Data is a crucial aspect of the dry docking process, and any loss or missed data can result in delays, rework, and additional costs. Lost paperwork can occur due to human error or poor document management systems, and missed data can occur due to poor communication and collaboration among stakeholders.
  5. High-cost employees doing menial tasks: High-cost employees, such as engineers and project managers, can end up performing menial tasks due to poor resource planning and allocation. This can result in a waste of time and resources, leading to increased costs and reduced productivity.
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How can you overcome these costs?

To overcome these hidden costs, Shipnet Dry Docking solution can be used during the dry-docking process. This solution provides a streamlined approach to dry docking, ensuring that all stakeholders are working together to minimize delays, reduce costs, and improve quality. Some ofthe benefits of project management solutions include:

  1. Improved communication and collaboration: Shipnet Dry Dock solution provide a centralized platform for communication and collaboration among stakeholders. This ensures that everyone is working together, and any issues are resolved quickly, reducing delays and rework.
  2. Automated processes: Shipnet Dry Dock solution automates processes such as document management, task allocation, and progress tracking, reducing the risk of errors and missed data.
  3. Real-time data and analytics: Shipnet Dry Dock solution provides real-time data and analytics, enabling stakeholders to monitor progress, identify potential issues, and make informed decisions quickly.
  4. Resource optimization: Shipnet Dry Dock solution optimizes resource allocation, ensuring that high-cost employees are assigned to tasks that require their expertise, reducing costs and improving  productivity
  5. Enhanced risk management: Shipnet Dry Docking solution provides tools for risk management with constant updates on jobs, enabling stakeholders to identify potential risks and develop mitigation strategies.

In summary, the hidden costs of dry docking can add up quickly, but the Shipnet dry dock solution can help to mitigate these costs by improving efficiency, communication, and safety.

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Anil Bhardwaj
Product Manager

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