METIS Cyberspace Technology has formed a strategic partnership with the ACOEM Group and REA Hellas in order to develop an Condition Based Monitoring, innovative service, which will transform the management of shipping fleets. The finalisation of this significant collaboration between the three companies took place during Posidonia exhibition held in June, in Athens.
The new service will incorporate the valuable know-how of the three companies, offering shipping companies on a global level an innovative application which will be able to detect problems aboard each ship much faster than any other method and of course before these problems turn into major issues.
Vibration analysis is a method of examining the proper functioning and condition of vessels' rotary steering gear systems. A major advantage is that vibration analysis can identify developing problems, earlier than any other technique, and of course, before they become too serious to cause unscheduled downtime. Condition based maintenance involves the use of advanced diagnostic tools and technologies for the assessment of the state of equipment, with a goal of zero stoppages in a ship’s operation. Mechanical and operating conditions are continuously monitored, and when existing data point to a malfunction, the troublesome parts in the machine are identified and scheduled for maintenance. The machine would then be shut down at a convenient time and the damaged components would be replaced.
The competitive advantages of the application include the safe and reliable operation of each ship, optimized scheduling of maintenance issues and Optimized maintenance costs, a reduction in the rate of human error, an increase of machine lifetime, a reduction in power consumption, and a reduction in insurance expenses.
Mike Konstantinidis, CEO of METIS Cyberspace Technology, stated: "At METIS we are particularly pleased about our cooperation with the ACOEM Group and REA Hellas - a partnership that is bound to have an impact on the international shipping scene. The new application we are designing will result in extraordinary benefits for the industry and provide added value for all our clients."
Within the framework of the cooperation, Christian Freneat, International Head of Sales at ONEPROD, a company that is part of the ACOEM Group, stated: "Optimising the management of a ship is inextricably linked with real-time solutions and smart monitoring. At ACOEM, we are very pleased to be proceeding with the collaboration with METIS and REA Hellas, with the aim of ushering in a new era in digital shipping."
"Bearing in mind the technological excellence and momentum of the three companies, it is certain that the collaboration between METIS, ACOEM, and REA Hellas will result in great benefits for the shipping companies that put their trust in them," says Vasilis Krithis, CEO of REA Hellas.
About METIS Cyberspace Technology SA
METIS CYBERSPACE TECHNOLOGY SA was founded in 2016 by a group of seven scientists and engineers with a high level of education, extensive experience in the shipping industry and a significant amount of research work behind them. The company offers expertise in the fields of electronic engineering, Internet of things, Cloud Computing and Artificial Intelligence, so as to meet the needs of International Shipping. METIS, in which Olympia holds an 80\% stake, is one of the Olympia Group's most recent investments in the Greek market.
About REA Hellas
REA Hellas S.A. was founded in 1988 and represents and promotes the products of the NSK group. REA has strengthened its portfolio with important products from the world market, such as ACOEM, Garlock, CPI-LIARD, Brugarolas, Simatec, Graco, TM, Korloy, GGB, SDT, and more. REA has considerable expertise in the field of Condition Monitoring and provides a comprehensive solution based on Vibration Analysis and other similar technologies, such as Infrared Thermal Imaging Survey and Ultrasound Analysis.
