Westwood Global Energy Group, the specialist energy market research and consultancy firm, has announced the launch of MarineLogix, a new offshore vessel intelligence platform covering the global offshore support, service and wind-related fleets serving the energy industry.
MarineLogix brings together vessel profiles, interactive mapping, market analytics and news to provide visibility of offshore vessel activity, availability and performance across more than 10,000 vessels, 2,500 owners and over 30 vessel classes worldwide.
At the core of MarineLogix is a purpose-built historic utilisation methodology, developed to provide a consistent, like-for-like measure of offshore vessel activity. The platform processes large volumes of AIS data to construct continuous activity timelines that reflect offshore working behaviour, rather than relying on generic movement-based metrics.
Vessel activity is assessed against Westwood’s proprietary offshore infrastructure datasets, allowing utilisation to be analysed by region, vessel class and market segment. This supports benchmarking of active working days across fleets and geographies.
The launch comes at a time of accelerating change and volatility across offshore oil and gas, offshore wind and wider energy transition markets. Regional bottlenecks, shifting demand profiles and tighter deployment windows are increasing the risk of late redeployment, missed pricing opportunities and asset underutilisation, heightening the need for transparent, explainable data to support commercial and strategic decisions.
Chen Wei, Senior Manager, Offshore Marine at Westwood, said: 'One of the biggest challenges in the offshore vessel market is inconsistent and non-comparable measures of vessel activity, which can lead to late deployment, missed pricing opportunities and unclear market signals. MarineLogix is a comprehensive, intuitive platform that supports a range of working scenarios, allowing users to benchmark fleets, track daily market developments and step back to a regional or global view – giving operators, owners and investors confidence in their deployment and investment decisions.'
Dominic Ferry, CEO at Westwood continued: 'MarineLogix is the natural next step in expanding Westwood’s OffshoreLogix environment. As offshore industries become more dynamic and interconnected, isolated updates are no longer sufficient. Organisations need a clearer view of how markets fit together, and MarineLogix broadens that perspective by complementing vessel intelligence with insights across rigs, subsea, platforms and offshore wind, giving decision-makers a more holistic understanding of market movements. It’s an exciting evolution for our product suite, bringing together proprietary data and commercial insight whilst utilising cutting-edge data science methodologies.'
Source: Westwood
