StormGeo has signed an agreement to consolidate its range of ship performance solutions with DNV GL.
As part of the agreement, DNV GL’s ECO Insight and Navigator Insight solutions will combine with StormGeo’s FleetDSS and ship reporting solutions, creating a new offering to the global shipping industry.
The combined solution will 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; DNV GL will continue its involvement in the solution through its 26.4 percent share in StormGeo, which it has held since in 2014.
StormGeo and DNV GL claim that the consolidation creates the largest vessel performance data set in the market.
The partners expect that the transaction will close no later than March 2019.