Navtor acquires Tres Solutions

Launched on 1 February, NavFleet enables shipowners to troubleshoot, refine and share best practices across fleets. Its real-time monitoring capabilities help office-based teams check vessel KPIs and passage plan progress, making it easier for owners to adhere to charter party agreements and avoid performance claims.

“Vessel performance optimisation is an obvious next step for Navtor,” commented chief executive, Tor Svanes. “The launch of NavFleet gives our customers a unique shoreside tool for better fleet management and the addition of Tres Solutions’ expertise and software delivers the power to generate optimal value – taking performance data and extracting the intelligence needed to enable smarter, more profitable, and efficient operations.”

Tres Solutions was founded in Houston, Texas in 2016. The company’s software and services platform, Tres Vessel Analytics, helps shipping companies enhance environmental efficiency, minimise fuel consumption and reduce operating expenses.

Navtor currently deliverers a suite of products to approximately 7,000 individual vessels and customers in more than 60 countries. In August 2020, private equity firm, Accel-KKR, took a majority stake in Navtor, giving the team the financial backing to extend its business development.