Jeff,
The steam system is operating based on extremely clear, clean water, which normally should have the oxygen level tightly controlled, in order to control the corrosion of your piping system, boiler piping exposed to high temperature, etc.. Since the system is a closed circuit, you cannot expect much of the steam / water losses in the circuit. However, to prevent major corrosion problems, chemicals are added to the water (and particularly in the make-up water to replace those losses), to scavenge for the smallest of amount of oxygen still present in the water, also to coat internally, perhaps some equipment sensitive to even small amount of oxygen. In time, all those additives and corrosion particles in the water tend to gather in specific places, like a blowdown vessel or pipe, where from time to time, those by-products can be "blown-down" from the system, for cleaning purposes. Automatic blow-down valves or even manual valves do the trick.
Some time ago, the corrosion problem due to the dissolved oxygen in the boiler feed water lead to major plant break down, most of the time untimely and completely out of control. The equipment meant to release the oxygen and other unwanted gases from the water was called deaerator. It helped somehow to remove the gases from the water down to few ppm. It was still not sufficient and this de-aerating process was so expensive, that a new corrosion process is now used. Most likely on ships also, the controlled injection of oxygen, which is generating a particular form of stabile and somehow protective layer of "rust", helps to extend the life of the carbon steel piping and equipment in this steam system. Also, it helps in predicting quite precisely the expected life of that piping and equipment, hence the maintenance has turned into a predictive replacement operation of the damaged components, thus bringing the corrosion issue under operator's control. It aslo is comming to a price, with higher than normal corrosion rates and more additives for corrosion control. Hence larger quantities of blow-down accumulated in the system and requirement for more frequent thickness check of those places where experienced operators know the metal loss is higher than other places. You'll see, when time for replacement closes, your check will be even more frequent, in the hope that, just maybe, the corrosion stopped and miracle, the pipe is still holding..(it doesn't and the section will be replaced in the next port regardless).
Hope this helps, perhaps to get you sleep...
cheers,
gr2vessels