Euronav starts new course with Alexander Saverys at the helm

Photo: Alexander Saverys on the right.

Danish optimisation service ZeroNorth is buying Euronav’s Fleet Automatic Statistics & Tracking (FAST) platform.

As part of the deal, the Saverys-led tanker owner Euronav also becomes a customer of ZeroNorth’s full platform offering.

ZeroNorth will buy and manage FAST, which collects advanced high-frequency data in real time from sensors across Euronav’s fleet.

Euronav has implemented the FAST platform across its fleet, using ship reporting, voyage optimisation and ship optimisation through the use of high-frequency data.

According to ZeroNorth, the system has optimised vessel and fleet utilisation, reduced fuel consumption, and lowered OPEX while having a tangible positive impact on Euronav’s bottom line results.

Over time, the plan is for ZeroNorth and Euronav to integrate FAST’s data and full functionality with the ZeroNorth platform.

Pelle Sommansson, chief growth officer & EVP, ZeroNorth, said: “By acquiring FAST and incorporating it into our existing platform, we believe we will accelerate the transformation and sustainability strategies of a large part of the global fleet.

“High-frequency data is the solution to many industry challenges. Optimised journeys play a major role in achieving zero emissions in our industry.”

Patrick Declerck, operations manager, Euronav, noted: “Euronav has a clear ambition to be a leader in sustainability and efficiency. We are proud to partner with ZeroNorth, which is already making a significant impact on enabling green global trade.

“We believe this new partnership will enable us to drive the journey to zero emissions across the shipping industry to decarbonise today and navigate tomorrow. This will make more parties aware of the transformative impact data can have on their operations.”