Vessel Performance Solutions

What Vessel Performance Solutions does

Vessel Performance Solutions ApS (VP Solutions / VPS), founded in 2014 in Denmark and headquartered in Farum, is a maritime software company that operates the VESPER platform for vessel and fleet performance management. VPS sells subscription-based, web-delivered performance analytics to ship operators and managers worldwide, drawing on daily monitoring of more than 1,600 vessels across bulk, tanker, container, LNG, LPG, RoRo and chemical segments. Its client base of 40+ enterprise shipping companies includes TORM, J. Lauritzen, Hapag-Lloyd, Maersk Tankers, Flex LNG, Dorian LPG, Höegh Autoliners, and others.

The VESPER platform ingests noon reports, automated high-frequency sensor data, AIS, and third-party feeds (VESON, WNI, SPOS) and produces modules for hull and propeller performance, main and auxiliary engine and boiler performance, environmental compliance (IMO DCS, EU MRV, EEOI), crew feedback, and voyage analysis. Underlying methods are research-based through the ShippingLab collaboration with DTU, University of Southern Denmark and SIMAC, with active development of a Digital Twin, voyage optimization, and advanced diagnostics capabilities. The platform exposes APIs and a secure database for customer Business Intelligence tools.

VPS operates as a subsidiary within the GTT Digital Group alongside Danelec and Ascenz Marorka (all now consolidated under the new GTT Marine division of Euronext Paris-listed GTT Group). Revenue is generated primarily through annual SaaS subscriptions with custom quote-based pricing tied to fleet size and integration scope, supplemented by performance advisory services. GTM is enterprise field sales led by a Commercial Director, leveraging sister-company cross-sell, a Greek branch in Athens, and participation in maritime industry conferences.

Name

Vessel Performance Solutions

Legal name

Vessel Performance Solutions ApS

Website

https://vpsolutions.dk

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Vessel Performance Solutions is a Denmark-based maritime SaaS provider operating the VESPER platform, which delivers daily performance monitoring, hull and engine analytics, and regulatory compliance reporting to 40+ global ship operators managing 1,600+ vessels.

Ownership category

akta.pro rank

Product category

Maritime Fleet Performance Software

NAICS

Support Activities for Water Transportation (4883), Computer Systems Design Services (541512), Navigational Services to Shipping (488330)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Ship & Port Security Audits, Inspections & Certification (Flag/Class/PSC Support) (TLAHANAD)

Keywords

• Vessel performance monitoring
• Fleet performance analytics
• Maritime fuel optimization
• Shipping compliance reporting
• Hull propeller analysis

Headquarters

HQ city

Lyngby

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. VESPER Platform Subscription: SaaS-based software platform providing performance analysis, monitoring, and reporting services for vessel fleets. Revenue generated through platform subscriptions with data feed integration, supporting both daily reports and high-frequency sensor data. Pricing is quote-based and tailored to fleet size and service requirements.
2. Performance Advisory Services: Analysis of operational data for performance evaluation and energy saving purposes. Carried out by experienced performance managers with decades of experience from major shipping companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Vessel Performance Solutions (VPS) develops and operates VESPER, a web-based SaaS platform that performs daily monitoring and long-term performance analysis of vessel fleets using operational data such as noon reports and high-frequency sensor feeds. The platform benchmarks hull, propeller, main engine, auxiliary engine and boiler performance against vessel-class baselines, generates regulatory compliance reports (IMO DCS, EU MRV, EEOI), and provides crew feedback dashboards. VPS complements the software with performance advisory services delivered by experienced maritime performance managers.

Product overview

Vessel Performance Solutions offers VESPER, a web-based vessel performance analysis and monitoring platform that combines multiple modules for comprehensive fleet management. The core VESPER Platform provides daily monitoring of individual vessels and long-term fleet trends, while specialized modules cover Hull & Propeller Performance, Main Engine Performance, Auxiliary Engine & Boiler Performance, Environmental Compliance (IMO DCS, EU MRV, EEOI), and Crew Feedback. Through the ShippingLab R&D collaboration, additional modules are being developed including Digital Twin modeling, Voyage Optimization, and Advanced Diagnostics. The platform integrates with third-party data providers (VESON, WNI, SPOS, AIS) and offers API access for Business Intelligence tool integration. Additional capabilities are available through sister company Ascenz Marorka including Weather Routing, LNG Cargo Management, and Automatic Data Acquisition Systems.

Differentiator

Problem solved

Functional benefit

Brands

• VESPER: A web-based platform providing performance analysis of fleet, with ability to drill down to individual vessels, daily monitoring, hull and propeller analysis, speed and consumption tracking, and regulatory compliance reporting (MRV, IMO-DCS)

Products and services

• VESPER Platform Web-based decision-support and benchmarking platform providing daily monitoring of individual vessels and long-term fleet trends, with dashboards, drill-down vessel analysis, API access, and integration with Business Intelligence tools. Used by ship operators and managers for performance optimization, fuel cost reduction and regulatory compliance.
• Performance Advisory Services Analysis of operational data for performance evaluation and energy-saving purposes, carried out by experienced performance managers. Targeted at shipping companies seeking expert interpretation of vessel performance data beyond self-service dashboards.

Quantifiable outcome

• Fuel cost reduction through optimized fleet efficiency
• +3 more outcomes

Named customers31 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• CleanQuotecoreTechnology or Integration · 14 April 2025Commercial cooperation agreement connecting VESPER vessel performance insights with CleanQuote's global platform for underwater inspection and hull cleaning services. VESPER identifies performance deterioration and hull/propeller fouling, while CleanQuote provides access to vetted underwater service providers across 1,000+ ports worldwide with port-specific regulations, supplier capabilities, and transparent pricing. Partnership enables operators to move from identifying performance issues to executing compliant underwater services.
• ShippingLabcoreStrategic or Co-development PartnerNon-profit innovation and project collaboration for Blue Denmark maritime community. VPS participates in 3.5-year project financing 16,000 hours of R&D covering Digital Twin, Voyage optimization, Advanced diagnostics, and Crew Feedback module. Partners include TORM, J.Lauritzen, Hapag-Lloyd, DTU Mechanical Engineering, University of Southern Denmark, and SIMAC.
• DaneleccoreStrategic or Co-development PartnerSister company within GTT Digital Group. VPS relocated to Danelec head office as part of ongoing integration. Combined digital solutions showcased at industry events. Both companies part of unified GTT Marine division.
• Ascenz MarorkacoreStrategic or Co-development PartnerSister company within GTT Digital Group and parent company (Ascenz Marorka GTT Group). VPS is subsidiary of Ascenz Marorka. Combined offerings include Ascenz*Marorka's weather routing and voyage optimization. Part of GTT Group unified maritime digital strategy.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• ABB Marine & Ports: Global industrial incumbent providing marine automation, propulsion, and digital fleet solutions including vessel performance monitoring. Comparable to VPS as a broader incumbent offering overlapping fleet efficiency capabilities to ship operators, though as part of a much wider portfolio.
• Wärtsilä SmartShip: Large maritime technology incumbent offering SmartShip and Smart Ecosystem covering engine monitoring, voyage optimization, and fleet performance. Comparable to VPS as a broad incumbent in vessel performance and efficiency software for ship operators.
• RightShip: Maritime data and ratings platform providing vessel sustainability, safety, and operational performance data. Comparable to VPS as a maritime SaaS layer serving ship operators and charterers with performance and ESG-related vessel insights.
• Bureau Veritas Marine: Classification society offering marine digital services including fleet performance, compliance, and decarbonization analytics. Comparable to VPS as a classification society with overlapping performance and regulatory services, and a listed integration partner.
• Kongsberg Maritime: Major maritime technology incumbent providing vessel automation, navigation, and digital fleet operations software. Comparable to VPS as a broader incumbent offering fleet performance and condition monitoring solutions, and a listed integration partner of VPS.
• DNV Maritime (Veracity): Classification society and digital services provider offering fleet monitoring, performance analytics, and reporting platforms. Comparable to VPS as a broader incumbent with regulatory and fleet data capabilities serving ship operators alongside compliance services.

Direct peers

• StormGeo: Maritime SaaS vendor offering voyage optimization, weather routing, and fleet performance software to ship operators. Comparable to VPS because both deliver software-driven fuel efficiency and emissions performance solutions to fleet managers, with overlapping customer base in tankers and bulkers.
• Veson Nautical: Maritime software vendor whose IMOS Platform is widely used by ship operators and charterers for voyage and operations management. Comparable to VPS as both are enterprise maritime SaaS platforms integrated with operational and charter data, with VESPER explicitly interfacing with VESON.
• Ascenz Marorka: Sister company within GTT Group providing weather routing and voyage optimization. Directly comparable because both target ship operators with SaaS-based fleet efficiency and performance offerings, and the platforms are now formally merged under GTT Marine.

Emerging players

• Cloud-based Maritime Performance SaaS startups (e.g., Nautilus Labs): Emerging maritime SaaS vendors focused on vessel performance analytics and decarbonization for ship operators. Comparable to VPS as a focused, software-first fleet performance offering targeting similar operator customers, though typically with less vessel-class baselines than VPS.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vessel-performance-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vessel Performance Solutions