Tanker company Euronav has extended its partnership with technology company Theyr in the UK, with an agreement to integrate Theyr’s T-VOS optimisation engine within Euronav’s Fleet Automatic Statistics and Tracking (FAST) platform.
Theyr’s multi-objective optimisation engine will be used to create continuously updated dynamic performance models of Euronav’s vessels, allowing for better routing, improved sea passage times, and reduced fuel consumption.
The technology is being implemented in support of Euronav’s decarbonisation strategy as the company looks to leverage digitalisation to reduce ship emissions.
“Our FAST platform provides us with unique insights and opportunities to realise our commitments expressed in our decarbonisation strategy and to our shareholders,” said Patrick Declerk, Operations Manager, Euronav.
“The integration of this API optimises and strengthens the collaboration between ship and shore and ensures that all parties involved work with one and the same source of truth around weather routing and voyage optimisation. Moreover, Theyr’s T-VOS engine actively contributes to the realisation of our decarbonisation targets.”
T-VOS, Theyr’s voyage optimisation engine, simultaneously optimises for minimum fuel consumption, time charter equivalent (TCE), just in time and best time arrivals, fixed speed and RPM, to provide a range of options for the user.
“Euronav is a recognised technology leader within the industry, and we are excited to be part of their journey to further establish and compound their sustainable objectives across their fleet,” said David Young, Managing Director, Theyr.
