ABS Wavesight and Ascenz Marorka Collaborate to Digitize KSA’s Oil Sector

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ABS Wavesight Ascenz Marorka digitalize Saudi Arabias Oil Sector

ABS Wavesight and Ascenz Marorka Collaborate to Digitize Saudi Arabia’s Oil & Gas Sector.

ABS Wavesight™, the ABS-affiliated maritime software as a service (SaaS) company, and Ascenz Marorka, a globally trusted provider of end-to-end maritime digital solutions and part of the GTT Group, today announced they will work together to support maritime digitalization efforts within the Saudi Arabian oil, gas and offshore sectors. The collaboration will combine ABS Wavesight’s Nautical Systems™ with Ascenz Marorka’s Smart Electronic Fuel Monitoring System (EFMS) to help businesses in these sectors gain comprehensive insight into every aspect of their operations.

“At ABS Wavesight, we are firm believers that the future of maritime will be built on collaboration: across sectors and between industry leaders,” said Paul Sells, Chief Executive Officer at ABS Wavesight. “As such, we’re committed to working with and learning from our peers to empower operators with connected systems and robust data to facilitate more efficient operations. Our work with Ascenz Marorka will not only help steward a new, more connected era for shipping but a more sustainable future for our planet.”

Under the agreement, the two companies will contribute complementary solutions to support Saudi Arabian oil, gas, and offshore operations. ABS Wavesight’s Nautical Systems will enable best-in-class voyage optimization and management tools, supported by NS eLogs™, the company’s powerful digital logbook solution. Ascenz Marorka’s on- and off-board Smart EFMS—approved by global oil majors—will round out the combined offering with accurate, comprehensive and insightful fuel consumption and performance monitoring.

“Informed decision-making can only come from trustworthy data sets. Without accurate fuel tracking, bunkering and advanced performance insights, decisions are based on fragile assumptions—and the rise of connected vessels highlights that fact. ABS Wavesight and Ascenz Marorka both recognize the opportunities that better monitoring and contextualized analytics can afford operators, and this belief sits at the heart of our collaboration.” Anouar KIASSI, VP Digital of GTT Said.

Ascenz Marorka has resulted from the merger of two pioneering companies in the digitalisation of the maritime industry: Ascenz, a Singaporean company with a strong experience in Electronic Fuel and Bunkering Monitoring, and Marorka, an Icelandic expert in vessel performance management, data acquisition and modelling. These two companies were acquired by GTT Group respectively in 2017 and 2020. Through the combination of these companies expertise we offer a full range of end-to-end solutions for ship owners and charterers around the world.

Source Ascenz Marorka