- Lloyd’s Register (LR) has acquired GreenSteam, a marine data intelligence company specializing in improving vessel efficiency through machine learning.
- The new acquisition will see GreenSteam’s array of machine learning services, from fouling analysis and trim planning, to its dynamic trim and speed optimizers, fully integrated with the i4 Insight platform.
British class society, Lloyd’s Register (LR) has acquired GreenSteam, a marine data intelligence company specializing in improving vessel efficiency through machine learning, reports Splash247.
The acquisition will be integrated and managed by i4 Insight, a subsidiary of Lloyd’s Register.
Integrated software solutions for slashing emissions
i4 Insight, part of LR’s Maritime Performance Services business, is a digital platform that allows shipowners, operators and charterers to easily access insights on vessel performance and fuel consumption across their fleets.
LR is expanding its portfolio of risk, technical advisory, commercial efficiency, vessel performance and voyage optimization services to unlock and drive growth for clients, part of its strategy to become the go-to partner and advisor to the maritime industry and broader ocean economy, following the June 2021 divestment of its Business Assurance and Inspection Services division.
The acquisition will see GreenSteam’s vast array of machine learning services, from fouling analysis and trim planning to their dynamic trim and speed optimizers, fully integrated with the i4 Insight platform.
This move expands on LR’s vision of solving complex problems with integrated software solutions further driving reductions in greenhouse gas emissions and operating costs.
Operational efficiency and Vessel performance
Nick Brown, LR CEO, said, “We want to help clients drive growth and solve complex problems through human expertise, integrated software solutions and the right insights from data. When certainty is scarce, a trusted advisor is vital, which is why Lloyd’s Register is expanding its portfolio of fleet management and fleet optimisation services. Our i4 Insight platform, now enhanced with the acquisition of GreenSteam, will enable our customers to optimize their operational efficiency and vessel performance, making their businesses more sustainable in an increasingly competitive world.”
Shaun Gray, Executive Chairman of GreenSteam, said, “Our experience with i4 Insight as one of its inaugural Alliance Partners is positive proof that this acquisition is the right thing for our company. Lloyd’s Register is an ambitious organisation with a long history in shipping and outstanding relationships with its customers. This, combined with i4 Insight’s innovative spirit to give the shipping industry the tools to make truly informed decisions about fuel consumption, is a win-win. Together we will support shipowners in optimising vessel operations while also delivering on emissions targets.”
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Source: Splash247
