Nautilus Labs, a technology firm aiming to advance the efficiency of ocean commerce through artificial intelligence, announced its partnership to optimize fleet performance with joint venture partners Carisbrooke Shipping and SMT Shipping. Both Carisbrooke, based in Cowes UK, and SMT, based in Limassol, Cyprus, are dry cargo and multipurpose vessel owner/operators.
Having first teamed up in October 2019, Carisbrooke and Nautilus have since expanded their partnership to over half of the Carisbrooke fleet. Carisbrooke’s joint venture partner, SMT Shipping, entered its own partnership with Nautilus Labs in November 2020 to leverage voyage optimization on the vessels jointly managed with Carisbrooke with plans to expand to the rest of its fleet.
Nautilus Labs said its software application unifies the companies’ various data sets and systems to give a detailed analysis of fleet performance in real-time and to enhance transparency and collaboration across all stakeholders. Carisbrooke and SMT Shipping team members use Nautilus Platform to optimize voyage profits and reduce emissions by receiving operating recommendations and actionable insights. Nautilus Platform creates vessel-specific predictive performance profiles powered by sophisticated machine learning models, the tech company said.
Helen Tveitan de Jong, CEO at Carisbrooke Shipping, said, “Reducing carbon emissions and ensuring optimal fleet performance is core to our current strategy. We chose Nautilus Platform so that the Carisbrooke and SMT team members can work off the same information, driving collaboration, transparency and accountability. By launching our Fleet Operations Center, our teams at Carisbrooke will use Nautilus Platform as the centerpiece to access vessel performance in real time, ensuring optimal operation of our fleet.”
Mark Voorham, CEO at SMT Shipping, said, “In addition to its cost savings potential, SMT Shipping’s adoption of Nautilus Platform is an important step in our ongoing digitalization and sustainability efforts. Nautilus Platform will empower SMT Shipping’s relationship with Carisbrooke by enabling communication and greater transparency among our partnering Commercial, Operations, and Technical Management teams – leading to better, data-based decision making. Using data to analyze our carbon footprint will also lead to a sophisticated and effective approach to emissions management, which is a fundamental component of our sustainability plan.”
“By partnering closely with both companies, team members will be able to take actions leveraging performance models in real time to improve TCE,” said Matt Heider, CEO at Nautilus Labs.