BV invests in New York maritime software firm
Testing and certification firm Bureau Veritas (BV) has invested in a New York-based maritime software company to speed up the development of data-driven solutions in maritime with a focus on addressing new climate regulations.
BV will work with OrbitMI to try to address the ‘dual opportunities of the digital transformation and the decarbonisation of shipping’.
Regulatory requirements in the name of climate change are coming thick and fast, with CII, the EU ETS, IMO and FuelEU motions all landing imminently.
“We are linking the interests of operators and charterers in ship and fleet performance with our technical expertise, insight, and classification activities,” said Matthieu de Tugny, president, Marine & Offshore at Bureau Veritas. “This expanding role is deeply intertwined with data monitoring and the implementation of digital solutions. Additionally, as a world leader in audit and certification across multiple industries, Bureau Veritas brings unique insight, an unparalleled global footprint, and a high level of trust from our customers.”
Improving performance will be vital to keep vessel operators competitive, and the two companies say a solution that allows people to make the most informed decisions day to day will be key.
OrbitMI claims it can integrate its software into existing systems and processes, transforming data into insight ‘that individuals and teams can use to enhance the tasks they do every day, whether on ship or on shore’.
“This collaboration is a significant affirmation, from a long-established maritime institution and global testing, inspection and certification giant, of OrbitMI’s expertise in digital innovation and our strategy to operationalise data through the Orbit platform into intelligent connected workflows across pre-fixture, fixture and post fixture,” said OrbitMI CEO Ali Riaz.
In November 2022, OrbitMI announced it was partnering technology firm Nautilus Labs to work out how to manage data integrations, operational processes and other optimisations for ‘improved commercial and environmental outcomes’.
Nautilus aims to ‘unlock profitable decarbonisation for the ocean supply chain’.
