Mega Floats: Floating Offshore Remote Terminal (FORT) towards Sustainability Life Cycle Assessment
The life cycle model of Mega Float: Floating offshore fishing terminal (FORT) for deep sea fishing industry is presented in this paper. FORT is a totally new concept of a mega float for deep sea fishing application. It is aimed at increasing productivity through reducing travelling time to fishing ground by providing critical support services such as loading and unloading and minor maintenance and repair of boat and equipment at sea close to the fishing ground. The immediate concern is surely on its life cycle cost and techno-economic viability. The system is huge and remotely located far offshore and hence the element of sustainability and environmental friendliness and safety are some of the major investment issues. Immediate cost consideration includes the relatively high initial/acquisition cost and operation and maintenance costs and the intention is to at least self-sufficient by generation income from the services offered. Therefore, hybrid algorithm of cash flow and life cost cycle is applied in FORT implementation. The new derivation of the mathematical model for FORT application is developed to life cycle assessment principle [1-3]. The algorithm requires data that could be best produced based on forecast demand and projected cost. For ease of use the lengthy algorithm will be presented in a computer-based package.
Mohd Mustafa Al Bakri Abdullah, Rafiza Abd Razak, Muhammad Mahyiddin Ramli, Shayfull Zamree Abd Rahim, Rizalafande Che Ismail and Mohd Nasir Mat Saad
A. Abdul Malik et al., "Mega Floats: Floating Offshore Remote Terminal (FORT) towards Sustainability Life Cycle Assessment", Applied Mechanics and Materials, Vol. 815, pp. 332-337, 2015