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Predicting Failure for Critical Shipboard Assets

Unanticipated failures can have serious consequences for the safety of the ship, its crew, and its cargo. Going off-hire due to an unplanned
out-of-service period can result in an opportunity cost of up to several hundred thousand dollars per day. If undetected, the cost to
repair a failure may also cost hundreds of thousands of dollars, as it can even involve expenses such as chartering a helicopter to fly
technicians out to the ship, or towage from sea into port


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