GTT takes over smart shipping firm Marorka

Tuesday, 03 March 2020
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Gaztransport and Technigaz (GTT), the French technology firm for designs of systems for the maritime transportation and storage of liquefied natural gas, has acquired Marorka, a smart-shipping company based in Iceland with services sought by the LNG industry.

GTT said it bought Marorka from its owners and management team for an undisclosed sum.

“The company designs maritime energy monitoring and optimization systems for vessels, allowing them to reduce their environmental footprint,” said Paris-based GTT.

“The company’s systems have been installed on more than 600 vessels,” it added.

GTT noted that the shipping industry had started its environmental transition in January 2020, when a new International Maritime Organization regulation entered into force, imposing significant reductions in sulphur-oxide emissions.

The IMO has furthermore announced a long-term “low-carbon” strategy, including ambitious decarbonisation targets.

“In addition to using LNG as a marine fuel, achieving those objectives will necessarily require smart software technologies and operational data analysis,” explained GTT.

GTT said that Marorka has had more than 17 years of experience and developed a recognized technical platform and value-added applications.

GTT said Marorka was a good technical, commercial and geographical complement to Ascenz, GTT’s subsidiary based in Singapore, and represented a new milestone in the Group’s digital strategy.

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