StormGeo and DNV GL have signed an agreement to consolidate their fleet performance systems under one banner.
The agreement will combine DNV GL’s ECO Insight and Navigator Insight solutions with StormGeo’s FleetDSS and ship reporting solutions.
Fleet of over 12,000 Vessels
The aim of the cooperation is to provide a complete fleet performance portfolio, including route advisory, navigation and planning, and fleet performance management services. The fleet performance centres, delivery, product development, and sales will be managed by StormGeo. The result is a combined fleet of more than 12,000 vessels that will receive a daily service from StormGeo in route advisory, weather intelligence, navigation and planning or fleet performance.
Largest Vessel Performance Data Set
The consolidation creates the largest vessel performance data set and developer team in shipping, providing industry-leading analytics that give customers even better data to enhance their operational decision making. The existing services will be maintained and strengthened within StormGeo, with all solutions brought together in the back-end, utilising an improved data infrastructure.
DNV GL will retain a strong connection to the new solution through the 26.4% share in StormGeo it has held since 2014, as well as continuing technical support to ECO Insight customers. Users will also be able to share data through DNV GL’s open industry platform Veracity.
The agreement is subject to the fulfilment of certain customary closing conditions. The partners expect that the transaction will close no later than March 2019.
Picture: Trond Hodne, Senior Vice President at DNV GL-Maritime (left), and Per-Olof Schroeder, CEO, StormGeo, shake hands after the agreement to combine the fleet performance solutions of both companies under StormGeo’s banner was signed.
