Geneva-based Okapi Supply Trading Advisory has acquired technology company Yara Marine Technologies (YMT) to expand its maritime solutions portfolio.
“With a shared commitment to advancing sustainable solutions for the maritime industry, this new relationship sets the stage for the green solutions provider to accelerate the reach and impact of its industry-leading decarbonisation technologies, supported by Okapi’s resources and drive,” said the joint statement.
Yara Marine Technologies’ Dr. Thomas Koniordos said, “This acquisition is the next step, and we eagerly anticipate the opportunities that lie ahead with Mohamed and the team at Okapi. Together, we will continue accelerating our industry’s transition to net zero through greater development and deployment of our cutting-edge decarbonisation technologies, reducing the environmental impact of maritime operations without compromising on operational excellence for our global fleet.”
Okapi Supply Trading Advisory CEO, Mohamed J. Ndao commented, “Their [YMT’s] wide portfolio of innovative solutions showcase a variety of approaches and stackable alternatives that can serve as immediate options when addressing our industry’s emissions challenges. This aligns closely with our ambition to offer our customers easier pathways towards greening their operations. This union is an exciting new chapter, and I look forward to working together to create positive change for the marine environment and the maritime industry.”
The acquisition sets the stage for YMT’s launch of updated and new vessel optimisation technologies for the existing and future global fleet. These will join their established portfolio of vessel optimisation technologies, such as propulsion optimisation system FuelOpt; state of the art performance management and reporting system Fleet Analytics; cloud-based AI-powered ship operation support system RoutePilot AI; and shore power installations for vessels. Additionally, YMT’s FuelOpt system also supports wind assisted propulsion that optimises power and records fuel performance on vessels with sails, rotors, kites and wings.
Customers with previously acquired products from YMT will continue to be supported by lifecycle services, according to the statement.
