Retrofitting a ship and making it ‘smart’ presents an opportunity to customise existing vessels to meet future standards and regulations.
The average lifespan of a ship is usually 25-30 years. Given this, ships may at one point or another end op operating in an industry that is regulated differently from when they were build.
Shipowners and operators have an interest in keeping their fleet safe, high-performing, and in service for as long as possible. Maintaining compliance with current regulations and readiness for future standards is therefore crucial (Bureau Veritas).