Reygar wins funding to develop vessel monitoring tech
Reygar has secured Innovate UK funding to develop and enhance its vessel performance monitoring technology.
The funding will allow Reygar to develop a range of new features for its successful BareFLEET product in collaboration with Penguin International Limited, the Singapore-based designer and builder of high-speed aluminium craft.
“Live feedback on vessel performance means that a range of cost, fuel and emissions saving opportunities can be seen and acted upon in real time, optimising operations both onboard and from the shore,” said Chris Huxley-Reynard, CEO of Reygar.
”Leveraging machine learning to help identify trends in machinery health and vessel performance also improves availability and supports the achievement of operating efficiency goals.”
Tech project
The project, dubbed FleetVision, will build on Reygar’s commercially proven BareFLEET technology to offer live feedback on various aspects of vessel performance, leveraging Penguin’s experience in shipbuilding and ship management.
Machine learning tools will be jointly developed to identify operating efficiency and cost reduction opportunities and to monitor machinery health, alongside adaptations that will enable more vessel types to benefit from the system.
Both Reygar and Penguin envisage long-term, mutual benefits, with the project acting as a potential launch pad for access to new technology and target markets.
James Tham, Penguin’s managing director, said there is vast potential in the application of data-driven performance monitoring technology to enhance efficiency and emission reductions for commercial high-speed vessels.
“FleetVision represents the coming together of proven expertise and experience in real-time remote monitoring technology and the design, construction and operation of efficient, human-centric high-speed workboats. The outcome will be an intelligent performance analytics and decision support tool, developed by experienced practitioners, for sustainable high-speed vessel operations,” he said.
FleetVision kicked off towards the end of 2022 and is expected to run over the next two years.
