Euronav links with Theyr for voyage optimisation

Shipping company Euronav has announced a collaboration with Theyr on a project to integrate Euronav’s Fleet Automatic Statistics and Tracking (FAST) platform with Theyr’s T-VOSTM system via API, to combine the technologies for voyage optimisation.

T-VOSTM was developed in partnership with the University of Southampton and The Alan Turing Institute in the UK, utilising a multi-objective genetic algorithm that optimises voyages simultaneously for safety, weather, time, fuel, and Time Charter Equivalent (TCE), allowing Euronav to select the optimal speed and route for each individual vessel.

“After substantial benchmarking with existing solutions, Euronav recognised the benefits of the T-VOSTM optimisation engine. The innovative solution Theyr offers to the maritime industry brings together the traditional practice of good ship operating and the power of the T-VOSTM Optimisation Engine. This supports our quest to further improve the operational efficiency of our modern fleet,” said Patrick Declerk, Operations Manager at Euronav.”

“The T-VOS engine entails a further optimisation of the data analysis and resulting insights of our FAST Platform. We are very proud of the collaboration with Theyr and what we have achieved so far. The potential fuel we can save through utilising T-VOSTM in our daily operations not only reflects well on our bottom line, but most importantly, is a huge win for the environment, since less CO2 is emitted per voyage.”

“We believe this truly reflects our commitment to continuously reduce our carbon footprint, and through such types of initiatives actively supports Euronav’s sustainable shipping objectives.”

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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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