e-Navigation Pioneer to Bring Advanced Electronic Logging to Global Commercial Marine
Egersund, NORWAY & Mumbai, INDIA, March 15, 2022 – NAVTOR, an Accel-KKR portfolio company and a global provider of e-Navigation systems for the marine industry, today announced that it has acquired Ingenium Marine, an innovative software company with a suite of data-driven marine logging and compliance solutions. The addition of Ingenium Marine’s digital logging enables NAVTOR to lead digital transformation of log-keeping for the commercial marine industry.
Tor Svanes, CEO of NAVTOR, commented, “NAVTOR is dedicated to making life simpler, safer, more efficient and profitable for our vessel customers through unique digital solutions. That’s what we’ve achieved through leading the development of e-Navigation and, with the 2021 acquisition of Tres Solutions, performance monitoring and optimization. Ingenium has travelled the same road with logbooks – taking an onerous, complicated, often unreliable, and outdated paper-based system and transforming it for 21st century demands. Digital logbooks may not be mandatory yet, but when the industry sees what is possible, there will be a rush to adopt to maximize competitive advantage.”
Ingenium’s software will be integrated within NAVTOR’s established e-Navigation and performance suite, allowing users to digitize any combination of vessel logs, creating a uniform “smart” system. The system will be transparent, error-free, data-rich and provide an essential way to verify compliance with regulations and charter covenants. Customers will be able to instantly share data with onshore organizations for complete vessel and fleet awareness.
Read more about Ingenium and NAVTOR’s Digital logbook offering.
Amitabh Sankranti, Founder and CEO of Ingenium Marine, said, “Log-keeping is a big beast, creating a huge administrative workload that is increasingly difficult to manage, but given regulatory demands is also more critical than ever to successful, compliant operations. Log-keeping is a very valuable data source, but one that is near impossible to properly utilize, given the physical nature of the records. Here we have a way of radically simplifying data capture, accessibility, transparency and utilization. Workloads are reduced, decision making is enhanced, money is saved and compliance is made easy: it’s a win for everyone. NAVTOR has been quick to realize the transformational benefits the solutions can offer and how we at Ingenium can complement their overall smart shipping mission. Joining the team was a ‘no brainer’ and I believe, this combination will supercharge the digital logbook revolution. It’s a fantastic opportunity – for us, but also for shipowners and operators.
Ingenium has spent the last five years developing a Class and Flag State approved solution compliant with all relevant IMO guidelines and regulatory standards. Instead of crew members filling in a vast array of paper logbooks (where the records are only ever as good as individual entries), Ingenium’s easy-to-use, intuitive software allows them to input data on a single secure platform with real-time data-sharing to shipowners or management offices on shore.
NAVTOR acquired US-based vessel analytics and performance optimization specialist Tres Solutions in early 2021, making Ingenium the second acquisition for NAVTOR since Accel-KKR’s investment in August 2020.
A webinar on NAVTOR’s digital logbooks can be found here.
About NAVTOR
Over 7,500 vessels worldwide rely on NAVTOR’s innovative e-Navigation and performance solutions to transform vessel operations, fleet management and deliver tangible business results. NAVTOR’s unique product and service portfolio includes digital chart table NavStation, fleet management and performance optimization tool NavFleet, industry leading Passage Planning software, and the type-approved cyber secure data gateway NavBox, among others. NAVTOR was founded in 2011 in Egersund, Norway. Visit www.navtor.com for more information.
