France´s class society Bureau Veritas (BV) invests in the New York-based maritime software company OrbitMI, complementing OrbitMI’s focus on performance solutions for shipowners, ship operators and charterers.   

The collaboration will leverage combined strengths to address the dual opportunities of the digital transformation and the decarbonization of shipping.  

BV’ Marine & Offshore division and OrbitMI will address clients’ immediate regulatory and decarbonization requirements posed by CII, EU ETS and the recently enacted FuelEU standards, as well as their longer-term digital transformation journey.  

Neither firm disclosed the size of the investment.

The New York firm’s Orbit platform transforms data into insights that individuals and teams can use to enhance the tasks they do every day, whether on a ship or onshore.

Matthieu de Tugny, president of Bureau Veritas Marine and Offshore, noted that “we are linking the interests of operators and charterers in ship and fleet performance with our technical expertise, insight and classification activities. This expanding role is deeply intertwined with data monitoring and the implementation of digital solutions.”

Ali Riaz, chief executive of OrbitMI, said: “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 operationalize data through the Orbit platform into intelligent connected workflows across pre-fixture, fixture and post fixture.”

OrbitMI and BV will further strengthen its platform with high-quality and trustworthy data, based on solid data science, as the two partners claim.

This will enable solutions that can expand to address the challenges the maritime industry faces today and those that it will face long-term.