Financial details of the deal have not been confirmed yet.

Yara offloaded Yara Marine Technologies as part of the company’s revised strategy to focus on its core businesses in the sustainable food and clean ammonia markets.

Okapi Supply Trading Advisory SA CEO, Mohamed J. Ndaosaid, “I’m pleased to welcome Yara Marine Technologies into the Okapi family. Their wide portfolio of innovative solutions showcase a variety of approaches and stackable alternatives that can serve as immediate options when addressing our industry’s emissions challenges. This aligns closely with our ambition to offer our customers easier pathways towards greening their operations. This union is an exciting new chapter, and I look forward to working together to create positive change for the marine environment and the maritime industry.”

Okapi Energy Group primarily operates in West Africa, specialising in oil trading and supply chain management.

The past few years have seen YMT establish a reputation as a market leader in green technologies, with a portfolio of products seen across a variety of ship types. Dr Koniordos said, “We owe a debt of gratitude to Yara International for their invaluable support and partnership through our journey to this point. Their support and contributions have been instrumental in helping us innovate and progress our portfolio of decarbonisation solutions.”

The acquisition sets the stage for YMT’s launch of updated and new vessel optimisation technologies for the existing and future global fleet. These will join their established portfolio of vessel optimisation technologies, such as propulsion optimisation system FuelOpt; state of the art performance management and reporting system Fleet Analytics; cloud-based AI-powered ship operation support system RoutePilot AI; and shore power installations for vessels. Additionally, YMT’s FuelOpt system also supports wind assisted propulsion that optimises power and records fuel performance on vessels with sails, rotors, kites and wings.