PR91425

BOSTON, Sept. 1, 2021 /PRNewswire=KYODO JBN/ --

-- Innovative Market Data Solution for Bulk Commodities and Shipping Operations

Acquired by Commercial Maritime Software Leader

Veson Nautical, the global market leader for commercial maritime software, is

proud to announce its strategic acquisition of Oceanbolt(https://c212.net/c/link/?t=0&l=en&o=3276544-1&h=625089583&u=https%3A%2F%2Fbit.ly%2F2UXke3U&a=strategic+acquisition+of+Oceanbolt), a dynamic data solutions product for bulk commodity trade flow analysis and

marine shipping intelligence.

Logo - https://mma.prnewswire.com/media/1606116/Veson_Nautical_Logo.jpg

Oceanbolt's data solution provides web-based and API access to high integrity,

real-time data on commodity trade flows, freight tonnage flows, live and

accurate vessel positions, port congestion, port activity, and turnaround times

– instrumental insights for strategically managing demurrage, for example.

Since the inception of the Norway-based venture in 2019, Oceanbolt's innovative

data platform has earned the respect of an impressive client base of dry bulk

owner-operators, commodities traders, supply chain coordinators, and tonnage

charterers. Oceanbolt combines a best-in-class AIS processing engine with a

proprietary geospatial database of port and berth polygons to allow

computationally expensive calculations to be processed in a matter of seconds.

Today, Oceanbolt processes 30+ billion data points, makes 60+ million daily

observations, and tracks 5+ billion tons of cargo each year over 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 organizations 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."

"We are extremely excited to be partnering with Veson Nautical and are

confident that users will benefit from a significantly enhanced product

offering," said Niclas Dæhli Priess, Co-founder, Oceanbolt. "There are clear

benefits from combining Oceanbolt's analytics-focused solution with Veson's

extensive suite of products and industry knowledge," Priess added. "With shared

resources from Veson, we expect to see the accuracy and functionality of

Oceanbolt's algorithms further enhanced. VIP users will benefit from having

additional data and increased visibility at the right time when making trading

or commercial freight decisions."

"In an increasingly digital world, the ability to successfully deploy

data-driven decision-making processes is becoming a key competitive

differentiator," said Mads Schou-Andreasen, CEO, and Co-founder, Oceanbolt.

"With so much at stake for industry stakeholders, it's critical that we deliver

trusted and accurate data solutions that empower our clients with actionable

insights," said Schou-Andreasen. "Oceanbolt and Veson's shared vision for the

shipping and commodity industries will accelerate our innovation, opening up

new ways for our clients to leverage data to make better business decisions.

Together, we can deliver the most compelling data and analytics solutions

available in the market."

Oceanbolt, Co-founders Niclas Dæhli Priess and Mads Schou-Andreasen will join

the Veson Nautical team as Director, Product Management and Director, Software

Engineering – responsible for the Oceanbolt product.

The addition of the Oceanbolt solution to Veson's suite of offerings

strengthens Veson's mission to be the standard platform that propels maritime

commerce by deepening and expanding their breadth of expertise and resources,

driving value for both client communities.

Deeper Insights for Veson Nautical Clients

As the appetite for decision-ready data continues to intensify, Oceanbolt will

provide Veson clients the opportunity to benefit from a robust and dynamic data

intelligence solution with more direct access to key market insights and

analysis of trade flow, congestion, and global vessel events. By providing

rich, real-time data on a multitude of external variables that impact decisions

for all stakeholders in the marine contract, Oceanbolt will strengthen the

integrity, depth, and breadth of data available to Veson clients in support of

our goal to transform the way they work and make decisions. The addition of

Oceanbolt will also provide Veson with new opportunities to serve commodity

trader and supply chain scheduler users more robustly. Oceanbolt will be

offered as a standalone product for Veson clients, with future potential for

direct integration of Oceanbolt data into the Veson IMOS Platform.

Robust Commercial Capabilities for Oceanbolt Clients

Ultimately, decision-shaping insights like those provided by Oceanbolt must

make their way into business workflows for their true value to be unlocked. As

a robust commercial platform with value that is widely recognized by the

world's leading owner-operators, commodities traders, and tonnage charterers,

the Veson IMOS Platform provides Oceanbolt clients with the dynamic tools and

capabilities needed to bring data to life in the moments where it can make the

greatest possible impact. Furthermore, Veson possesses robust expertise and

specialized functionality that can add tremendous value to clients in the dry

bulk, tanker, and energy segments.

Learn more here(https://c212.net/c/link/?t=0&l=en&o=3276544-1&h=3638626812&u=https%3A%2F%2Fbit.ly%2F2UXke3U&a=here).

Direct media inquiries to Brooks Maitland at marketing@veson.com.

About Veson Nautical

Founded to transform the way the maritime world makes decisions, Veson is the

global market leader in developing, implementing, and supporting the solutions

that propel maritime commerce. Driven by a commitment to continual innovation,

a spirit of collaboration, and an enduring focus on client success, Veson is a

trusted partner to maritime operations as they navigate evolving business

realities and new possibilities in a digital age.

www.veson.com

About Oceanbolt

Founded in 2019, Oceanbolt is a data-as-a-service company focused on delivering

real-time dry bulk intelligence via a web-based analytics dashboard, API, SDKs

(Python, R), and Excel Add-in. Oceanbolt strives to become the global reference

for intelligence on dry bulk commodity flows and shipping operations to allow

market participants to make the best-informed decisions.

www.oceanbolt.com

SOURCE: Veson Nautical