Global premium provider of maritime and offshore management services OSM Maritime Group has extended its partnership with Tero Marine as its preferred provider of fleet management software. The Norwegian tech company Tero Marine now prepares to install its TM Master suite on the remaining OSM fleet globally.
OSM Maritime Group provides full-service premium management solutions to the offshore and maritime industry and has more than 500 vessels in their ship management portfolio. TM Master is now the product of choice for handling maintenance and purchasing activities across their fleet.
“It is with great enthusiasm I can announce that Tero Marine have signed a frame agreement with OSM. We are proud that such an innovative company, with its uncompromising focus on operational excellence for their customers, has recognized and selected TM Master as the best ship management software for their needs in 2020 and beyond. We look forward to adding OSM to our extensive portfolio of leading ship managers,” said Rune Lyngaas (pictured), CEO of Tero Marine.
The frame agreement with Tero Marine means that all vessels with various planned maintenance systems across the OSM fleet would be standardised on TM Master. TM Master is currently installed on close to 70 vessels across OSM’s Norway and Singapore managed fleets. With OSM’s vision of being a frontrunner in the ship management segment, Tero Marine expect to see substantial growth in the coming years as the preferred partner for fleet management systems.
“OSM and Tero Marine’s partnership goes back six years already, and the fact that OSM have chosen to extend their business with us demonstrates our ability to help our customers fulfil their digitalization journey in an increasingly complex landscape,” said Mr Lyngaas.
OSM has embedded digital services in its business models to the benefit and success of their customers. The cooperation between OSM and Tero Marine also extends the use of TM Master into OSM’s value adding services such as Catering Management.
“OSM Maritime Group has a strong focus on contributing to our customers’ success by delivering consistent and high-quality services. To do this, full insight and transparency by sharing the same level of information between vessels, us and our customers are key to enabling data-driven decision making. Consequently, we have been reviewing our core business processes to align them with the opportunities we see from extending our partnership with Tero Marine,” said Bjoern Sprotte, CEO of OSM.
At the core of OSM Maritime’s digitalisation journey are the visualisation of quality data which are used to monitor the fleet and provide real-time support to the crew, around-the-clock support, performance management and fast response capabilities if the need arises.
Combined with a powerful analytics platform that helps them capture and act on detailed insights from the data, OSM is able to work in close collaboration with their customers. In addition, the company has tested artificial intelligence capabilities that enable the platform to identify advanced correlations that humans would normally not be able to catch on first sight. TM Master as the preferred maintenance and purchasing system will fit seamlessly into this digital strategy.