Fleet Automatic Statistics and Tracking (FAST) collects advanced high-frequency data in real-time from sensors across Euronav’s fleet. Euronav has successfully implemented the FAST platform across its fleet, using ship reporting, voyage optimisation and ship optimisation through high-frequency data.
FAST has significantly improved collaboration between ships and all shore departments, optimised vessel and fleet utilisation, reduced fuel consumption, and lowered OPEX, Euronav reports adding, that these improvements have had a tangible positive impact on the company’s bottom line results and have also helped improve its sustainability strategy.
The data can power up voyage and vessel optimisation decisions, allowing crew and shoreside teams to collaborate in making the most detailed live adjustments to improve sustainability and profitability for Euronav’s fleet of globally operating vessels.
Over time, the plan is for ZeroNorth and Euronav to integrate FAST’s data and full functionality with the ZeroNorth platform. This high-frequency data and FAST’s existing functionality will drive ZeroNorth’s data flywheel, accelerate the industry’s green transition and massively increasing the company’s positive impact on the market.
“High-frequency data is the solution to many industry challenges. Optimised journeys play a major role in achieving zero emissions in our industry. That’s why we are proud to work with like-minded leaders at Euronav, because together we can change the way that our customers, and shipping as a whole, operate for the better,” said Pelle Sommansson, Chief Growth Officer & EVP at ZeroNorth.
Patrick Declerck, Operations Manager, Euronav, added:
“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.”