ZeroNorth acquires Propulsion Dynamics

Maritime software company ZeroNorth has announced that it has acquired the Copenhagen-based vessel performance company Propulsion Dynamics, adding the CASPER digital twin ship analysis system to its technology portfolio.

The acquisition will allow ZeroNorth to improve its Optimise system using data from the more than 25,000 digital ship models that Propulsion Dynamics has gathered across the last two decades since it was founded in 2002, combining this dataset with ZeroNorth’s AI technology to offer better recommendations for optimised operations.

The fuel consumption tables provided by Propulsion Dynamics will be used in the optimisation of a range of tramp shipping vessels, particularly those on short-term time charter agreements, ZeroNorth says, though the company notes that Optimise will continue to be data agnostic, also connecting to whichever fuel consumption model provider customers have in place.

“We are delighted to welcome Propulsion Dynamics, the original, ground-breaking company for vessel performance optimisation, into the ZeroNorth family. This is a fantastic way to mark ZeroNorth’s first year as an independent company,” said Søren Meyer, CEO, ZeroNorth.

“Propulsion Dynamics’ huge, unrivalled library of vessel performance analysis results means that Optimise will evolve into an even more powerful and authoritative tool to help tramp shipping companies increase their revenue and cut emissions.”

“Meanwhile, we are very much looking forward to working with the team at Propulsion Dynamics to support them to rapidly scale their solutions and customer base with our complimentary technological expertise.”

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About the Author

Rob O'Dwyer
Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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