Euronav Drives Voyage Optimisation in Collaboration with Theyr.

Download PDF version

Euronav NV and Theyr announce a new collaboration in which Theyr’s voyage optimisation engine has been integrated into Euronav’s Fleet Automatic Statistics and Tracking (“FAST”) platform. Theyr’s unique voyage optimisation engine, T-VOS™, assists Euronav in the improvement of the overall efficiency of its fleet and ultimately the reduction of the overall carbon footprint.

The T-VOS™ Optimisation Engine has been developed in partnership with Southampton University and the Alan Turing Institute. It utilises a world class multi-objective genetic algorithm that optimises voyages simultaneously for safety, weather, time, fuel and Time Charter Equivalent (TCE), allowing Euronav to select the optimal speed and routes for each individual vessel.

After substantial benchmarking with existing solutions, Euronav recognised the benefits of the T-VOS™ optimisation engine. The innovative solution Theyr offers to the maritime industry brings together the traditional practice of good ship operating and the power of the T-VOSTM Optimisation Engine. This supports our quest to further improve the operational efficiency of our modern fleet 

— Patrick Declerk, Operations Manager – Euronav

The T-VOS engine entails a further optimisation of the data analysis and resulting insights of our FAST Platform. We are very proud of the collaboration with Theyr and what we have achieved so far. The potential fuel we can save through utilising T-VOSTM in our daily operations not only reflects well on our bottom line, but most importantly, is a huge win for the environment, since less CO2 is emitted per voyage. We believe this truly reflects our commitment to continuously reduce our carbon footprint, and through such types of initiatives, actively supports Euronav’s sustainable shipping objectives”.

Euronav and Theyr recently successfully completed the first two stages of the T-VOS™ Engine integration into the FAST Platform

Theyr delivers core, cutting edge route and vessel optimisation technology across the shipping industry. T-VOS™ ensures shipping platforms now have access to our flexible and evolving AI via API, to enhance existing expertise, reduce emissions and increase efficiencies. Our continued collaboration with Euronav is a recognition of the inherent commercial benefits to our industry through a sustainable technological evolution 

— David Young, Managing Director – Theyr Ltd

T-VOS is ideally suited for Maritime Solution providers that require a highly adaptable event driven architecture and modular optimisation engine.

We are extremely pleased to be working in close collaboration with Euronav and to continuously enhancing the AI technology based on real customer and market feedback from the largest independent tanker major in the world 

— Peter Mantel, Chief Commercial Officer – Theyr Ltd

For further information, please contact:

Eszter Honti

Eszter Honti
Marketing Manager

Peter Mantel

Peter Mantel
Chief Commercial Officer