The Busan Port Authority (BPA) is set to develop pre-diagnostic and predictive technology for cranes with IoT sensors and big data, the port announced.
The research and development project with local SMEs has been selected as part of the joint Investment Program With Purchase Agreement for New Product Development, carried out by the Korean Ministry of SMEs and Startups.
Nam Ki-chan, CEO, BPA, stated, “BPA will work hard to develop green technologies for the port and logistics sectors in a timely manner by investing in and cooperating with SMEs in Busan and Gyeonsangnam-do region and create an environment where BPA can grow together with the local industries and economy.”
Earlier, in October 2020, the BPA stated that the Service Development Project for the Predictive Diagnosis of Container Crane was selected as part of the joint Investment Program With Purchase Agreement for New Product Development, which is carried out by the Ministry of SMEs and Startups.
In addition, in July the BPA signed a signed a memorandum of understanding (MoU) with the Busan Chamber of Commerce and Industry to support small and medium sized enterprises (SMEs) looking to enter overseas markets.
Technology development will take place for three years, with a total cost of 1.35 billion won ($1.2 million). The South Korean government and the BPA will invest 600 million won each ($532,000). The consortium will be managed by Jonghap Marine (Busan) and joined by KR Engineering (Gyeongsangnam-do), a port equipment inspection company, and Isonics (Gyeonggi-do), an IoT sensor development and data collection technology company.
The consortium plans to use IoT sensors on cranes to collect status information of hoist, trolley, boom, and motor, such as speed, vibration, temperature, etc., predict signs of abnormality by establishing a real-time detection and online diagnosis system, and develop various support service models for equipment operation and failure history, notification for predictive maintenance.
The technology R&D project is expected help prevent port operation from being stopped due to crane failure during container loading and unloading, improve productivity and effectiveness of the port, and minimize the social and economic costs caused by safety accidents.