Can you explain the core problem that EYEGAUGE aims to solve in the maritime industry?
EYEGAUGE addresses the challenge of sustainability, compliance, and operational efficiency in the maritime industry by providing real-time, high-frequency data to monitor vessel performance, fuel consumption and emissions without requiring any changes to onboard equipment. Many shipping companies need help with high costs, complex retrofitting, and inefficient data collection methods, especially from older analogue systems. Our non-invasive, contactless data collection solution enables shipowners to digitalize their fleets cost-effectively and meet regulatory requirements such as CII, EU ETS, and FuelEU, while simultaneously reducing emissions and optimizing vessel performance.
How does EYEGAUGE’s Unified Fleet Data Platform function, and what are its main technical features?
The Unified Fleet Data Platform collects and analyzes high-frequency data from both analogue and digital onboard equipment using a patented, non-invasive, contactless method. This eliminates the need for expensive retrofitting or interference with existing systems. Our platform gathers data from a wide range of equipment, including fuel flow meters, main engines, auxiliary engines, boilers, and more, providing a comprehensive view of vessel performance and operations. The system is user-friendly and does not require deployment from our technicians, making it easy for the crew to install during voyages. The data is visualized through dashboards, reports, and graphs, offering insights into emissions, fuel consumption, and ship and equipment performance.
Our platform delivers real-time, high-frequency data (every 10 minutes or less) on vessel performance and fuel consumption, enabling shipowners and operators to optimize operations and reduce emissions. With our solution and real-time emissions calculation, shipping companies can monitor compliance with regulations such as CII, MRV, DCS, EU ETS, and FuelEU while gaining insights into how to reduce fuel consumption and emissions. Additionally, we help improve the relationship between charterers and shipowners by bringing transparency through data sharing. Charterers, who are responsible for fuel costs, often have limited visibility into the ship’s operations and performance. Meanwhile, shipowners need to maintain vessel operations and adhere to charter party agreements. By providing real-time data on fuel consumption and vessel performance, our platform fosters transparency, helping both parties to reduce fuel consumption, emissions, and charter party claims. This shared data leads to more informed decision-making, enhanced operational efficiency, and stronger business relationships.
The contactless data collection method provides granular detail on energy usage from all ship systems, enabling more informed decisions about operational efficiency and sustainability. This transparency, combined with data-driven insights, translates to tangible savings on fuel and a reduced carbon footprint.
What sets EYEGAUGE apart from other digitalization solutions available in the maritime industry?
EYEGAUGE stands out for its non-invasive, contactless data collection technology, which works seamlessly with both analogue and digital equipment—even those locked by OEMs. Unlike other solutions proposed by equipment manufacturers, automation specialists and sensor manufacturers that require complex and costly retrofitting, our platform can be easily installed by the crew without requiring technicians, saving time and reducing costs. Our solution is also highly affordable, making advanced digitalization accessible to a wider range of maritime companies compared to existing offerings.
We’ve worked with many major players in the maritime industry, supporting them in achieving decarbonization, optimizing vessel performance, and reducing fuel consumption. One example involves a leading global charterer, managing a large fleet of bulk carriers. They needed a solution to improve visibility into vessel performance, as their existing systems relied heavily on manual noon reports, which offered limited data and transparency. By deploying EYEGAUGE’s platform, they were able to collect high-frequency, real-time data on vessel performance and fuel consumption. This data helped them improve vessel operations, achieve fuel savings per vessel and reduce CO2 emissions, aligning with their decarbonization goals. The transparency of the data also improved the relationship between the charterer and shipowners by providing real-time insights into speed and consumption, avoiding disputes related to charter party agreements. Another success story is with a ship owner. They were struggling with transparency issues between themselves and their charterers, particularly around speed and consumption clauses in their charter party agreements. By implementing our solution, they could share real-time consumption data with their charterers, helping both parties avoid claims and reduce excessive fuel use. Our platform’s ability to provide accurate data from analogue and digital systems enabled them to save fuel and reduce emissions significantly, making a meaningful impact on both operational efficiency and sustainability. Additionally, we’ve helped a fleet owner and ship prolong the life of their offshore support vessels by providing a non-invasive, contactless solution that supports machinery health monitoring. This deployment detected several potential equipment malfunctions, preventing costly repairs and downtime, which translated into savings of nearly $850,000. By extending the life of these older vessels, we also contributed to reducing the environmental footprint that would have been associated with recycling or replacing them.
These are just a few examples of how EYEGAUGE is delivering value to shipowners and charterers by improving operational transparency, reducing emissions, and enhancing fleet performance.
How does your technology enable sustainable digitalization of existing fleets, and what environmental impact does this have?
EYEGAUGE enables sustainable digitalization by allowing shipowners and operators to optimize fleet performance without requiring any major hardware upgrades or retrofitting. By using our contactless data collection technology, older vessels with analogue systems can be brought up to modern data standards without costly overhauls. This reduces the need for ship recycling and prolongs the life of existing assets. Our solution helps companies reduce their carbon footprint by enabling them to cut fuel consumption and emissions, aligning with global sustainability goals and regulatory compliance standards.
What challenges have you faced in developing and deploying your technology, and how have you overcome them?
One of the primary challenges we’ve faced is integrating our platform with both older analogue systems and newer digital equipment, especially in environments where OEMs lock their systems. We overcame this by developing a patented, contactless data collection method that works across all types of equipment without requiring retrofitting or intrusive modifications. Another challenge has been making the solution cost-effective and easy to deploy, which we addressed by ensuring that our system can be installed by the ship’s crew without the need for our technicians, reducing time and cost barriers.
Looking ahead, what are the key milestones for EYEGAUGE in the next few years, particularly regarding market expansion and technological advancements?
In the coming years, EYEGAUGE aims to expand its market presence by targeting more shipping companies that are looking for affordable and easy-to-deploy digitalization solutions. We plan to further enhance our platform’s capabilities by integrating additional data analytics and AI-driven insights to support predictive maintenance, optimize fuel consumption, and reduce emissions even further. Another key milestone is to establish more partnerships with major players in the maritime industry, positioning EYEGAUGE as a leading provider of real-time performance monitoring and compliance solutions. We also aim to expand our technology to support new regulatory requirements as they emerge, ensuring that our clients remain ahead of industry trends.
