LNG carrier owner and operator Teekay LNG Partners has signed a full fleet partnership with New York-based startup, Nautilus Labs, to enhance the efficiency of its gas vessels.
The parties launched their partnership in February 2018 with a five-ship pilot. Just nine months later, the Glasgow-based shipping company agreed to roll out the software platform to its entire fleet.
With this decision, Teekay aims to reduce operational costs and act on predictive decision support by leveraging Nautilus Platform, which unifies all fleet data and uses machine learning to optimize vessel performance.
The software solution unifies the company’s various data sets and different systems to give a detailed analysis of fleet performance in real-time and to enhance collaboration across its organization.
In addition, Teekay plans to utilize Nautilus’ technology to provide even higher service. The companies are closely partnering on the product development front, helping the technology disruptor build software that fulfills other business needs.
“Nautilus ties together a number of our performance monitoring systems, providing real-time insights and visibility into the impact of vessel operations and voyage management decisions, so that we can continuously optimize our fleet,” Mark Endall, Fleet Performance Superintendent at Teekay, said.
Nautilus uses high-frequency data to build machine learning models that support shoreside and on-ship decision-making.