StormGeo, DNV GL merge to create fleet performance management solution

2/10/2019

Photo: Trond Hodne, senior V.P., DNV GL – Maritime and Per-Olof Schroeder, CEO, StormGeo.

OSLO — StormGeo and DNV GL have announced that they have signed an agreement to consolidate their fleet performance solutions under one banner. The agreement will combine DNV GL’s ECO Insight and Navigator Insight solutions with StormGeo’s FleetDSS and ship reporting solutions, thus creating a new fleet performance management solution.

This combination will result in a new offering to the global shipping industry that will be able to provide a complete fleet performance portfolio, including route advisory, navigation and planning, and fleet performance management services. The fleet performance centers, 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.

“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,” said Per-Olof Schroeder, CEO, StormGeo. “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.”

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, 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 fulfilment of certain customary closing conditions. The partners expect that the transaction will close no later than March 2019.

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