Lloyd’s Register acquires data intelligence firm

British class society Lloyd’s Register (LR) has acquired GreenSteam, a marine data intelligence company specialising in improving vessel efficiency through machine learning.

The acquisition will be integrated and managed by i4 Insight, a subsidiary of Lloyd’s Register. i4 Insight, part of LR’s Maritime Performance Services business, is a digital platform that allows shipowners, operators and charterers to access insights on vessel performance and fuel consumption across their fleets.

The new acquisition will see GreenSteam’s array of machine learning services, from fouling analysis and trim planning, to its dynamic trim and speed optimisers, fully integrated with the i4 Insight platform.

Nick Brown (pictured), LR CEO, said: “We want to help clients drive growth and solve complex problems through human expertise, integrated software solutions and the right insights from data. When certainty is scarce, a trusted advisor is vital, which is why Lloyd’s Register is expanding its portfolio of fleet management and fleet optimisation services.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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