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September 20, 2019

GreenSteam buys BMT’s data collection subsidiary SMART

Marine solutions provider GreenSteam has purchased data collection and performance optimisation BMT subsidiary SMART.

Marine solutions provider GreenSteam has purchased data collection and performance optimisation BMT subsidiary SMART.

BP / Castrol-majority-owned GreenSteam incorporates machine learning and artificial intelligence (AI) to support the sustainable development of marine business across the globe.

The company delivers next-generation platforms and services for improved hull and vessel performance to shipping companies.

The purchase of SMART has been approved after GreenSteam carried out a strategic business review to boost its portfolio of services, strengthen its capabilities to collect data and grow service team.

Commenting on the acquisition, GreenSteam executive chairman Shaun Gray said: “GreenSteam pioneered the application of machine learning in marine vessel optimisation and was the first to market with a platform that can accurately analyse a ship’s performance and is quickly becoming the world’s leading brand for optimising vessel efficiency.

“We are very pleased to take on board BMT SMART and integrate their services with our own, this will further accelerate the growth phase that we are already experiencing across all marine sectors.

“With the purchase of BMT SMART we can offer our customers even more performance insights and a greater level of service.”

BMT chief financial officer David McSweeney stated: “GreenSteam has a strong strategy in place in machine learning-based vessel performance solutions that synergises the digital and consulting aspects of the existing business for the benefit of the customer.”

GreenSteam’s solutions are deployed on ships of all types. The company manages offices in the UK, Denmark and Poland.

BMT is an international design, engineering and risk management firm with the focus on marine risk and insurance, maritime transport, as well as ports and logistics sectors.

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