Report
Teaser, summary, work performed and final results
Periodic Reporting for period 1 - COMPA (COMPA - Market Study of Composite Patch Repair for Marine PipesA cost-efficient and durable pipe repair in urgency)
Teaser
Damages of pipes and structures (such as crack and corrosion) on ships happen on a frequent basis. The occurrence of such damages affects the continuity of vessel operations and vessel safety.The objective of the overall innovation project, related to the work programme topic...
Summary
Damages of pipes and structures (such as crack and corrosion) on ships happen on a frequent basis. The occurrence of such damages affects the continuity of vessel operations and vessel safety.
The objective of the overall innovation project, related to the work programme topic on: Small business innovation research for Transport, is to demonstrate and commercialise service of composite patch (COMPA) repair for damaged ship pipes and structures (tubes and tanks). The market size and value of COMPA repairs is large (more than 1 billion EUR) and sustainable and the market will continue to grow in the years to follow.
Work performed
The specific SME Instrument Phase 1 project involved a market study of implementation of COMPA repair in order to advance its commercialisation. The market study portrays a way to go further to speed up commercialisation process. It has resulted with:
• A market plan - specification and description of primary customer segment and value
• A sales and promotion plan that includes means and tools, timeline and responsibilities for sales and promotion to ship-owner and ship-operator companies representing the primary market
• A financial plan for COMPA commercialisation and sustainable growth (total costs, turnover, profit and loss account, cash-flow) as well as specification of a budget required for COMPA Phase II project
• An action plan with a definition of steps required for completion of service technical developments and market entry through Phase II project
The study involved secondary sources (market reports, web portals, databases) and primary sources i.e. individual interviews with stakeholders from the maritime industry (ship-owners and operators, ship agents, ship classification societies and repair shipyards) that are aware of vessel issues as well as of supplier/subcontractor contracting procedures.
Final results
The achievement of the overall objective of the project will result in the growth of the company’s: revenues, profits and competences and will enable business sustainability. Also, the project increases competitiveness of European ship repair industry and brings advances to the knowledge of application of composite materials in shipbuilding. Finally, it secures employment and aids in reduction of CO2 emissions.
Website & more info
More info: http://www.comparepair.com.