Norway-based weather forecasting company StormGeo and classification society DNV GL announced the signing of an agreement to consolidate their fleet performance solutions under one banner. The consolidation is expected to create the largest vessel performance data set and developer team in shipping, providing analytics for a better operational decision making.
Namely, the agreement will combine DNV GL’s ECO Insight and Navigator Insight solutions with StormGeo’s FleetDSS and ship reporting solutions, creating a new fleet performance management as part of StormGeo.
The combination of these solutions will result in a complete fleet performance portfolio for global shipping industry, 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.
Under the agreement, the existing services will be maintained and strengthened within StormGeo, with all solutions brought together in the back-end, utilizing 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 fulfillment of certain customary closing conditions. The partners expect that the transaction will close no later than March 2019.
