LR’s Asset Management and Life Extension services maximise productivity and value, while reducing costs and managing risk. 

  • Planned Maintenance System (PMS): Improve your operational and business performance through the development, review and optimisation of Asset Planned Maintenance Systems (PMSs). 
  • Asset Performance Benchmarking: Advice and insight to increase reliability and efficiency with reduced Operational Expenditure (OPEX). 
  • Maintenance and Integrity Management: Maximise your business performance using Reliability Centred Maintenance (RCM), Risk Based Maintenance (RBM), Failure Modes, Effects and Criticality Analysis (FMECA) and Risk Based Inspection (RBI) to develop planned maintenance, inspection and integrity programmes. 
  • Spare Parts optimisation: Maximise productivity and value while reducing cost and risk by determining  the optimum spare parts to maintain onboard. 
  • Reliability, Availability and Maintainability (RAM) analysis: Optimise design decisions and determine in-service performance of critical equipment through Reliability, Availability and Maintainability assessments. 
  • Asset Life Extension (ALE): Operate your assets beyond their original design life to maximise business value through Asset Life Extension (ALE) studies. Reports describe the condition of essential components and recommendations for repairs and any deficiencies against regulatory change for an overall appraisal of vessel condition, a review of Class, maintenance and dry-docking records to determine any reoccurring defects, obsolete, equipment, maintenance procedures, and any issues related to the vessel aging like hull thickness and fatigue analysis.