Ports are critical asset infrastructure, essential for economic communities to remain competitive as they deliver business inputs and take exports to the global market. Growth in trade, aging infrastructure and economic pressures mean effectively managing these assets is now more high-profile than ever before.
Port infrastructure has a useful economic life of up to 50 years, and even more in the case of maritime access shipping channels. These asset networks must be managed strategically to ensure long-term planning across the entire asset life-cycle so as to ensure an appropriate level of service is maintained to customers and stakeholders at the lowest possible cost and within an acceptable risk regime.
Many port authorities globally are already collecting and analysing a high volume of asset condition data, as encouraged by industry bodies, to improve industry best practices and facilitate information sharing.