OLDENDORFF FINANCES ALPHA ORI CLEANTECH SOFTWARE

Dec 5, 2022 | Maritime business news

Dry bulk operator Oldendorff Carriers has signed a deal with digital solutions company Alpha Ori Technologies (AOT), under which it will invest in AOT and provide an Oldendorff Carriers’ representative to sit on the AOT board.

According to AOT, its digital solutions are increasingly being adopted by leading maritime operators worldwide. This new investment will further accelerate its sales activities and product capabilities.

Peter Twiss, Oldendorff Carriers CEO, said: “Oldendorff is pleased to be an investor in Alpha Ori Technologies. Having considered various cleantech, optimisation and fuel savings products on the market, we believe AOT has the right mix of talent, technologies and futuristic vision to be a transformative force in shaping the future of the maritime industry. With this investment we not only want to support the digitalisation and decarbonisation journey of our industry but also benefit from it directly.”

With a range of products that includes SMARTShip, SMARTVoyager, ShipPalm and VIO, AOT believes it is transforming the maritime industry by harnessing the power of real-time data, generating insights for faster decision-making, and helping customers achieve cost efficiencies and lower emissions.

Capt Rajesh Unni, founder and Co-CEO of AOT and founder and CEO of the Synergy Group, added: “Oldendorff’s investment is testament to management’s confidence in our vision, our state-of-the-art digital solutions and the cutting-edge technologies that AOT is using to transform the shipping industry. Our digital solutions harness the power of data, shaping it into insights that enable our customers to make effective decisions in a timely manner. We are extremely proud of our association with Oldendorff and look forward to partnering in future-proofing its fleet.”

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