-- 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