Shipping companies can harness the full potential of maritime data for more fuel-efficient voyages after the merger of two data and routeing companies
UK-headquartered StratumFive has acquired and integrated US-based weather routeing and analytics company FleetWeather Group to prepare for the next generation of data applications. This acquisition fully integrates forecasting and weather routeing into StratumFive’s expanding suite of data monitoring and management services and applications for shipping, strengthening its suite of services.
StratumFive founder and chief executive Stuart Nicholls said this purchase supports the company’s development of layered and integrated maritime data applications. It broadens the scope of inhouse data sources and technical expertise available to StratumFive’s own software development teams.
“We are continuously evolving and innovating, with the ultimate aim of harnessing the full potential of maritime data,” said Mr Nicholls. "This deal, and the full integration of FleetWeather underneath the StratumFive umbrella, unlocks the meteorological, technical and operational expertise that our users require and gives us access to more enriched data that the sector needs to inform decision-making.”
Acquiring FleetWeather boosts StratumFive’s overall subscription base to 12,329 vessels across all market segments, serviced by a global team of 90 staff.
StratumFive chief operating officer Ross Martin said the group has spent more than a decade developing monitoring applications and managing significant volumes of data. “In the last few years, the amount of data available to us has exploded,” Mr Martin said. “Shipowners and operators are only just beginning to appreciate the scale of opportunity and challenge.”
He expects FleetWeather’s meteorological data and technical expertise will bring benefits to services. “Data is now redefining maritime operations and driving performance,” he said. “This acquisition is an exciting step forward in our ability to build an even bigger picture for the industry.”
StratumFive provides FleetWeather for weather routeing and forecasting. It also offers the OTIS ship security alerting system and the Podium data analytics platform.
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