Innovation Flashcards
1
Q
Class of Shipping triggers
A
- Laws of physics triggers
- Geographical Conditions
- Economic Parameters
- International regulations
- Related sectors
- Design concept
2
Q
Laws of physical triggers
A
- Maritime is relatively slow compared to other modes
- Increase in speed results in higher price
- Oil price is very n.b. when relating to speed as high speed costs not always stable
- Friction with water is what causes low speeds for ships
- Big container ships are going faster but getting more expensive due to enormous amount of fuel burning
- Innovation requires research that defines and finds the limits which will in turn direct research and development (R&D) and form a trigger for information
- Trying to “outsmart” nature.
3
Q
What is a shipping trigger?
A
Understanding the limits and constraints in ship design that can be turned into a positive aspect. These can be used as “triggers” for change and innovation. Finding the triggers is a matter of drawing S-curves and defining performance limits.
4
Q
Ways a ship can move through water (trigger 1)
A
- Static lift/Buoyancy support = weight of vessel displaces water which wants to return to original position. Weight of water is a factor that limits the carrying capacity on ships. This is why ships have different deadweight capacity. These ships called displacement ships
- Dynamic Lift of submerged wings = forward motion converted to vertical lifting of ship out of water, by lifting ship it reduces wetted surface of ship .:. reducing resistance.
- Move through water powered by power lift (e.g. hovercraft) = frictional resistance very low allowing high speed of ship
5
Q
Geographical condition triggers
A
- Geographical conditions can limit shipping (e.g. draught restrictions or ice barriers)
- Manmade conditions can occur such as Suez and Panama Canals
- Wave height and water type (salt or fresh) can have an impact on ship design.
- These restrictions need to be analysed and understood when designing a ship
- Engineers must understand conditions may change over time (i.e. expansion of canals)
6
Q
Economic Parameter Triggers
A
- these triggers consist of maximising revenue, economies of scale, cost reduction of capital investment, running costs, voyage costs and cargo handling costs (will all be discussed in detail)
7
Q
Maximisation of revenue (Parameter 3)
A
- achieved through design of flexible multipurpose ship which carries various cargo - e.g. OBO carrier.
- This type of ship no longer popular due to more maintenance plus addition expenses and time losses due to time needed to switch from dry to liquid bulk.
8
Q
Economies of Scale (Parameter 3)
A
- Major trigger for innovation triggered by cost reduction objectives
- Large ships have lower investment per ton as well as lower voyage and running costs
- Oil tankers first major ones
9
Q
Capital Investment (Parameter 3)
A
- Reduction of capital cost can be achieved through economies of scale and standardisation
- Shipyards will have standard designs and save costs by optimising their one design and producing only those designs
10
Q
Running Costs (Parameter 3)
A
- major item = crew cost
- Related to training level of crew, size of ship, complexity of engine room, flag of registration and nationality of crew
- often only 13 members on 14 000 TEU Emma Maersk
11
Q
Voyage Cost (Parameter 3)
A
- Two major costs -> bunker and port costs
- Bunker: Can be influenced by dwt and speed reduction
- Port: not all costs are same over world. Most costs relate to measurement of vessel
12
Q
Cargo Handling (Parameter 3)
A
- Stevedoring costs major in short sea trades.
- Two aspects form triggers here: Increase in labour productivity & Making ships independent from availability of terminal labour.
- Labour productivity: Achieved through efficient cranes on shore and ship, use of standard units such as containers etc
- Independence: Automise ships and have stuff on ship which does not need port labour
13
Q
Regulation triggers
A
- Environmental, political and administrative restrictions
- Understand what these can impact on the ships as are all decisive
14
Q
Related sector triggers
A
- triggers by innovation in other sectors
- i.e. innovation in other fuel
15
Q
Design Concept Triggers
A
- Shipping innovation trigger methodology presented later in book helps designer search for innovative ideas to help create competitive advantage
- Extension of existing methodologies