Oceanbolt sold to Veson Nautical

Veson Nautical has joined in with the recent slew of maritime software acquisition deals by purchasing Oceanbolt, a provider of bulk commodity trade flow analysis systems and marine shipping intelligence.

Founded in Norway in 2019, Oceanbolt provides web-based and API access to real-time data on commodity trade flows, freight tonnage flows, live vessel positions, port congestion, port activity, and turnaround times.

The system combines an AIS processing engine with a proprietary geospatial database of port and berth polygons to complete its calculations, making more than 60 million daily observations and tracking over 5 billion tons of cargo each year across 140 commodities.

“The industry expertise, marketing insight, and technical capability that the Oceanbolt team has delivered to the industry is truly remarkable,” said Veson Nautical CEO, John Veson.

“We are thrilled to welcome Oceanbolt to the Veson family. Our two organisations are deeply aligned in our mission to empower the maritime shipping and commodity trading communities to make the best possible decisions with the greatest possible agility.”

Following the deal, Oceanbolt co-founders Niclas Dæhli Priess and Mads Schou-Andreasen will join the Veson Nautical team as Director, Product Management and Director, Software Engineering for Oceanbolt.

Oceanbolt will initially be offered as a standalone product for Veson clients, with future potential for direct integration of its data into the Veson IMOS Platform (VIP), the company says.

Share this story

About the Author

Picture of Rob O'Dwyer
Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

Further Reading

News Archive