Miros, a global leader in real-time ocean insights and maritime innovation, has announced a significant commercial shipping contract for its Vessel Technical Index (VTI) service, marking a bold step forward in transforming vessel performance monitoring across the shipping sector.
This third and newly signed agreement, with a prominent yet undisclosed shipping company, cements Miros’ position as a trusted partner in the maritime market. With over 40 years of expertise delivering high-precision ocean insights to offshore industries, Miros is now accelerating the shipping sector’s journey toward safer, sustainable, and more efficient vessel performance.
The Vessel Technical Index is a new metric that can be used to evaluate a vessel’s technical performance in relation to a reference baseline, such as its newbuild condition, and is a new recommended practice from DNV.
A VTI analysis identifies the actual performance of a vessel by removing the effects of the weather, loading condition, and other operational factors. The Miros VTI service running in Miros Cloud delivers unmatched accuracy by utilizing Miros’ industry-leading speed-through-water (STW) and wave measurements. With hourly updates, this enables the right decisions to be taken at the right time.
This helps shipowners and operators address some of their most critical performance challenges confidently. They can evaluate a vessel’s real-time performance with greater accuracy or determine the ideal timing for hull or propeller cleaning. Ship performance can also be clearly documented in charter agreements, and the actual impact of energy-saving devices can be measured with precision.
Gunnar Prytz, Miros’ Chief Technology Officer (CTO), said: “Miros’ VTI significantly reduces the guesswork in vessel performance. This new approach will allow operators to plan hull and propeller maintenance based on real vessel status.
“Unlike traditional vessel performance analyses which are typically based on low-accuracy wave and STW data, the Miros VTI powered by accurate, real-time sea state measurements delivers high-frequency and high-fidelity insights that can be up to ten times faster, ten times more accurate and ten times more valuable than the standard industry applications used in the shipping industry, making voyages more predictable and profitable”.
Marius Five Aarset, Miros CEO, added: “As the shipping industry faces increasing pressure to reduce emissions and comply with tightening regulations, Miros’ Vessel Technical Index positions itself as a critical tool for sustainable success. Calculating energy use, removing external force impact, and comparing it to pure water resistance in real-time, the technology streamlines the process by generating high-quality insights that enhance operational efficiency while reducing costs. At Miros, we are proud to partner with our shipping customers on their journey toward cleaner, data-driven seas, helping to identify and verify considerable performance gains in real-time.
As the shipping industry embraces greener and more intelligent operations, the need for actionable, real-time performance data has never been greater. Backed by over four decades of experience in advanced radar systems for real-time ocean monitoring, Miros brings proven expertise to a rapidly evolving maritime landscape.
The Vessel Technical Index (VTI) solution meets this demand by standardizing performance visibility and enabling data-driven fleet management. It delivers measurable results that help reduce fuel consumption, lower emissions, and improve cost efficiency, supporting shipping partners in achieving operational trust, profitability, and sustainability.