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.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.