ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
ABL partners with Satva Trust in vessel decarbonisation drive
29 October 2024 – Energy and marine consultancy ABL has signed a partnership agreement with technology startup Satva Trust to provide its maritime domain expertise to further develop Satva Trust’s data analytics platform.
Satva Trust is a ClimateDataTech and FinTech company that leverages blockchain, artificial intelligence/machine learning technologies to accurately predict vessel emissions. The company supports marine lenders, marine insurers, shipowners and vessel charterers.
Under the agreement, ABL will share its naval architecture and marine engineering expertise along with knowledge of vessel types and design data for the enhancement of Satva Trust’s platform. ABL will also support Satva Trust in the launch and post-launch growth of its platform.
‘’This is an exciting partnership for us. We will draw upon ABL’s substantial naval architecture and marine engineering experience along with the vessel design, upgrade and conversion expertise of sister company Longitude to enhance Satva Trust’s platform, offering the industry a forward-thinking solution to support its decarbonisation efforts.”
RV Ahilan, Chief Energy Transition Officer, ABL Group
Stefano Scarpa, ABL’s associate director for maritime decarbonisation, will lead the project from ABL’s side.
“We have long been evolving our technical offering to support maritime decarbonisation with solutions in emissions consulting, alternative fuels, electrification, energy storage, shore power and wind propulsion to name a few. We are very happy to partner with Satva Trust to complement our recent win with Innovate UK, demonstrating the immense potential of AI to accelerate the decarbonisation of shipping.”
Stefano Scarpa, Associate Director Maritime Decarbonisation, ABL
Satva Trust plans to launch its innovative solution for financial institutions – Finance PRO – and solutions for shipowners – FleetPRO – in the coming weeks.
“Our mission is to offer the global commercial shipping stakeholders truly independent, reliable and accurate data underpinned by unique technology. We are thrilled to have partnered with ABL, a reputable marine engineering consultancy, to present the industry and opportunity to achieve their decarbonisation goals without compromising profitability.“
Leilya Shamel, CEO of Satva Trust
ABL is part of Oslo-listed consultancy group ABL Group ASA.
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