LR’s i4 Insight teams up with GreenSteam

Lloyd’s Register’s (LR) i4 Insight is adding GreenSteam’s advanced machine learning technology to its ship and fleet management platform.

LR said that the move will help the shipping industry ‘drive reductions in greenhouse gas emissions and cut operating costs’.

The i4 Insight Platform allows shipowners, operators and charterers to access insights on performance and fuel consumption across all ships in their fleet.  

In statement issued yesterday (4 November), LR said: ‘The addition of GreenSteam’s advanced machine learning technology means that platform users will have a more accurate picture of the leading contributors to excessive fuel consumption as well as access to actionable recommendations on how to optimise fleet performance.’

Shaun Gray, Executive Chairman of GreenSteam,commented: ‘An in-depth, data-driven approach to understanding and acting on fuel consumption has never been more necessary for the industry. GreenSteam’s machine learning technology uses real ship performance data to provide owners and operators with actionable advice. Unlike traditional analytic approaches that fail to use and model 90% of performance data, by using machine learning, GreenSteam includes all ship performance data in its models to deliver insights other standard methodologies just cannot see.

‘GreenSteam’s partnership with i4 Insight hands the shipping industry the tools it needs to make truly informed decisions about fuel consumption. It will support owners in optimising vessel operations while also delivering on emissions targets.’

Ian Taylor

Ian Taylor