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December 7, 2016

Lloyd’s Register acquires Seasafe Marine Software & Computation

Lloyd's Register (LR) has purchased UK-based Seasafe Marine Software & Computation (Seasafe) for an undisclosed sum.

Lloyd's Register (LR) has purchased UK-based Seasafe Marine Software & Computation (Seasafe) for an undisclosed sum.

The deal is expected to boost LR’s portfolio of advanced data, and digital and software solutions, as well as helping to provide solutions to deal with unexpected incidents, including grounding, collision, or an explosion in the marine sector.

Seasafe’s base has also been relocated to LR’s Southampton Global Technology Centre in the UK.

"We’re bringing together all of LR’s existing commercial software activities to provide a suite of integrated solutions."

Additionally, the deal will help LR clients to comply with the new legislation, Type 3 loading instruments that came into force in January this year, requiring all tankers to comply at the first renewal survey, or at latest 1 January 2021 for tankers and 1 July 2021 for gas carriers.

Seasafe currently provides on-board loading and stability software to help customers manage the stability of vessels and offshore structures from passenger ships, heavy-lift vessels and floating production storage and offloading (FPSO) to semi-submersibles and jack-up rigs. 

Lloyd's Register chief technology officer Nial McCollam said: "This is another important step in building global software solutions that create value for our customers.

“We’re bringing together all of LR’s existing commercial software activities to provide a suite of integrated solutions.

“Our global technology and innovation team is also developing a range of innovative data and digital solutions, such as remote presence inspections, cyber-security, additive manufacturing and asset lifecycle management, harnessing and developing the capabilities within our Global Technology Centres in Singapore and Southampton."

Currently, the company’s ship emergency response service (SERS) is using Seasafe’s vessel modelling and calculations software.

Seasafe’s software solutions are also being used by several clients, including shipyards, consultancies, the government, regulatory bodies, classification societies, educational establishments, shipping companies, and operators for naval architectural calculations.

In June, LR announced its partnership with US-based Greenfence, a technology platform serving the testing, inspection and certification (TIC) markets.

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