Posted on May 15, 2024
Elliott Bay Design Group (EBDG), a leading provider of naval architecture and marine engineering services, has announced a Memorandum of Understanding (MoU) with ioCurrents (IOC), a cutting-edge data analytics company specializing in maritime fleet optimization.
This collaboration aims to pioneer new avenues for collecting and analyzing operating and performance data in the maritime industry, with a focus on reducing vessel costs, emissions, and overall enhancing efficiency. Through strategic planning sessions involving vessel owners and operators, the alliance seeks to harness the power of data-driven machine learning to revolutionize fleet performance and business outcomes.
Mike Complita, Director of Strategic Expansion at EBDG, expressed enthusiasm about the partnership, stating, “At EBDG, we are committed to driving innovation and delivering unparalleled value to our clients in the maritime industry. Our partnership with ioCurrents represents a strategic alignment of expertise and resources to pioneer new frontiers in data-driven design.”
ioCurrents, known for its expertise in maritime operations and AI-powered analytics, brings its flagship solution, MarineInsight™, to the collaboration. This solution provides real-time, actionable data to shoreside teams, enabling proactive decision-making and enhancing operational efficiency.
Will Roberts, CEO at ioCurrents, highlighted the significance of the partnership, saying, “This collaboration with EBDG marks a significant step forward in our mission to empower maritime industry stakeholders with advanced data analytics capabilities. By combining EBDG’s expertise in vessel design with IOC’s data-driven insights, we are poised to unlock new levels of performance and sustainability across the maritime ecosystem.”
The alliance between EBDG and ioCurrents is a testament to the growing momentum in the maritime industry towards leveraging technology for enhanced efficiency and sustainability. Facilitated through their involvement with Washington Maritime Blue, an innovation hub dedicated to advancing the Blue Economy, this collaboration underscores the industry’s commitment to driving positive change.
About Elliott Bay Design Group (EBDG): EBDG is a leading provider of comprehensive naval architecture and marine engineering support for various projects within the maritime industry. With a focus on innovation and a team of experienced professionals, EBDG tackles marine challenges with analytical rigor and creativity.
About ioCurrents (IOC): ioCurrents is a pioneering data analytics company dedicated to revolutionizing the maritime industry through advanced AI and machine learning technologies. Their MarineInsight™ solution empowers maritime stakeholders with real-time, analyzed, actionable data for optimized fleet performance.
