Okapi buys Yara Marine Technology

Yara set to join Okapi Supply Trading Advisory portfolio

Yara Marine Technologies (YMT) has become part of Geneva-based Okapi Supply Trading Advisory SA (formerly Sarl).

With a shared goal of creating sustainable solutions for the marine sector, this new partnership reportedly enables the green solutions provider to expand the reach and effect of its industry-leading decarbonisation technology, aided by Okapi’s resources and drive.

The acquisition comes at a critical time for the shipping sector, as it confronts increased emissions rules and financial pressure to fulfil the International Maritime Organization’s (IMO) 2030, 2040, and 2050 emissions targets.

Yara Marine Technologies’, Thomas Koniordos, said: “This acquisition is the next step, and we eagerly anticipate the opportunities that lie ahead with Mohamed and the team at Okapi.

“Together, we will continue accelerating our industry’s transition to net zero through greater development and deployment of our cutting-edge decarbonisation technologies, reducing the environmental impact of maritime operations without compromising on operational excellence for our global fleet.”

READ: BASF, Yara plan blue ammonia project in US Gulf Coast

Okapi Supply Trading Advisory SA CEO, Mohamed J. Ndao, stated: “I’m pleased to welcome Yara Marine Technologies into the Okapi family. Their wide portfolio of innovative solutions showcases 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.”

The acquisition paves the way for YMT to offer updated and innovative vessel optimisation technology for its current and future global fleet, according to the company.

In July 2023, YMT came together with partners to create a semi-autonomous voyage planning system based on artificial intelligence (AI).

Four months later, Yara Clean Ammonia, North Sea Container Line, and Yara International collaborated to build the world’s first containership powered by clean ammonia.

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