StormGeo and DNV GL partner on fleet performance solution

StormGeo and DNV GL partner on fleet performance solution
Trond Hodne, SVP, DNV GL – Maritime (left), and Per-Olof Schroeder, CEO, StormGeo

StormGeo and DNV GL have agreed to consolidate their fleet performance solutions under one banner.

DNV GL’s ECO Insight and Navigator Insight solutions will be combined with StormGeo’s FleetDSS and ship reporting solutions to offer shippers a complete fleet performance portfolio. The solution will offer route advisory, weather intelligence, navigation and planning, and fleet performance management to over 12,000 vessels.

According to StormGeo, the consolidation creates the largest vessel performance data set and developer team in shipping. Existing services will be maintained and strengthened within StormGeo, with all solutions brought together in the back-end, providing an improved data infrastructure for better decision making.

DNV GL’s 26.4 per cent share held in StormGeo since 2014 will ensure it retains a strong connection to the new solution. It will also give technical support to its ECO Insight customers and users will continue to share data through DNV GL’s open industry platform Veracity.

Per-Olof Schroeder, CEO, StormGeo, said: “Partnering with DNV GL enables us to accelerate the development of our fleet performance management offering by pooling the competence, software, and insight of both companies.”

“Bringing these solutions together will give our clients even more ways to enhance the safety, efficiency, and transparency of their operations. Finally, it builds on our vision of establishing StormGeo as the leading provider of performance management solutions to the shipping industry,” added Schroeder.

Trond Hodne, senior vice president, DNV GL – Maritime, commented: “Since its introduction in 2014, ECO Insight has grown into the largest performance solution in shipping, with installations on more than 2,000 vessels. In addition, already 22 industry partners connect their data and analytics to the solution.

“ECO Insight has already been an outstanding success, and by combining it with StormGeo’s services we believe we can offer our customers a solution that not only gives broader functionality but taps into a richer data set. This will give our customers new and exciting services and insights to boost their competitiveness. We look forward to seeing ECO Insight going on to further success as part of StormGeo.”

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.