Kongsberg Digital announced that Dorian LPG (DK) ApS, a subsidiary of Dorian LPG Ltd.(“Dorian”), which is a leading owner and operator of modern VLGCs, has contracted to install Vessel Insight to its entire fleet of LPG carriers. By installing Vessel Insight, Dorian is consolidating collection of all critical data from its vessels in one common infrastructure. The agreement is expected to commence operation in the upcoming months.
With the Vessel Insight installation, Dorian plans to collect all critical data points from its entire VLGC (Very Large Gas Carriers) fleet. The purpose is to gain insight into signals coming from the fleet’s assets and enable realization of data-driven operations. The Vessel Insight data infrastructure solution is based on open principles and allows the owners and operators to partner with the software providers of their choosing.
DATA-DRIVEN APPROACH TO REDUCING CARBON FOOTPRINT
Dorian’s initial plan is to monitor and predict consumption and emissions data to plan for IMO 2023 regulations which will require vessels to combine a technical and operational approach to reduce their carbon emissions. Dorian also seeks to benchmark the performance between vessel types in their fleet.
“Since going public in 2013, Dorian LPG Ltd. has been a forerunner in implementing the latest technology in the maritime industry, and we are very happy to function in that capacity by delivering Vessel Insights services to their fleet. This contract emphasizes the untapped potential and value of collecting data to analyze, predict and improve processes for vessels and fleets, especially given the current environment of the maritime industry where gaining a competitive edge and decarbonizing while meeting new regulations is key to survival and success. Vessel Insight will ensure that Dorian is properly equipped to meet their goals.”, says Andreas Jagtoyen, Executive Vice President Digital Ocean, Kongsberg Digital.
The exponential growth in data amplifies the opportunity for vessel owners to be more insight led in decision making. However, many strive to realize tangible and measurable value from data. Having access to data and the expertise in deriving meaningful insights from it is key, especially now that the maritime industry is witnessing a shift towards more energy-efficient vessels led by constantly stricter IMO regulations.
“We are pleased to be partnering with Kongsberg Digital on this important initiative. In surveying the market, we felt that Kongsberg Digital had developed a great product that meets our needs and should begin to deliver results promptly.”, says John C. Lycouris, CEO, Dorian LPG (USA) LLC.
The contract between Vessel Insight and Dorian LPG DK ApS was signed 4th of March 2021, and Vessel Insight is expected to be installed on all 22 vessels in the upcoming months.