Marine Economic Risk Management Aid (Mermaid) will enable companies to enhance their decision making in the early planning stages of marine energy projects. It is an innovative software solution which accurately simulates marine operations against historical weather and tidal data to support significant cost-savings through project optimisation. The system is currently undergoing detailed testing with a number of key clients, with a view to launching towards the end of October 2015.
Mojo Maritime is currently subjecting the software to user acceptance testing, which is critical to ensure that the function, capability and usability of the software has been tested in real world situations. The feedback received from participating clients will be invaluable in ensuring that Mermaid is ready to take the marine industry’s planning processes onto the next level.
“By calibrating accurate weather information dating back over many years (typically between 10 and 23 years), factoring in wave height, sea conditions, wind strength and current velocity and direction, Mermaid enables companies to select the best vessels, ports, methods and processes to suit any proposed project start date” said Mojo senior analyst Dr Rich Walker. “This has massive cost-saving implications for a huge variety of marine operations from the offshore renewable market to the oil and gas industries, as well as the shipping and insurance world.”
Dr Walker added that Mermaid might be able to control the various elements of a project that are impacted by the weather, thereby enabling developers to ‘engineer out’ the risks.
The development of Mermaid began five years ago as Dr Walker’s PhD research at the University of Exeter and after several years use as a consultancy tool by Mojo, the company set its sights on making the software tool as accessible as possible.
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