In a significant move towards advancing the digitalisation of maritime fuel operations, Ofiniti has announced the acquisition of Singapore-based Angsana Technology, a pioneering company in digital bunkering solutions. This strategic acquisition positions Ofiniti as a leader in transforming bunker delivery through automation, real-time analytics, and enhanced regulatory compliance.
Strengthening Digital Bunkering Capabilities
With this acquisition, Ofiniti, a key provider of digital solutions for maritime fuel operations, has taken full ownership of Angsana Technology. As part of the deal, the entire Angsana team will join Ofiniti, reinforcing its commitment to providing comprehensive digital solutions for bunker suppliers and vessel operators. This integration is expected to enhance Ofiniti’s ability to serve existing customers while expanding its digital bunkering footprint, particularly in Singapore.
The acquisition strengthens Ofiniti’s position as a global leader in Digital Delivery solutions for the maritime sector. By incorporating Angsana’s expertise, the company aims to provide an end-to-end digital ecosystem, ensuring seamless and compliant fuel transactions. Additionally, Ofiniti has committed to maintaining extended 24/7 global support for Angsana’s customers.
Alignment with Singapore’s Digital Bunkering Mandate
The timing of this acquisition is critical, as Singapore is set to mandate digital bunkering solutions by the end of March 2025. With regulatory compliance becoming a key driver for industry-wide digital transformation, Ofiniti and Angsana are well-positioned to support bunker suppliers and vessel operators in adapting to these new requirements.
By integrating Angsana’s BunkerFlow and DocuFlow solutions with Ofiniti’s market-leading FuelBoss platform, the acquisition will deliver a seamless digital framework for bunker transactions. This will improve transparency, efficiency, and compliance across the sector, setting a new standard for digital bunkering operations worldwide.
Industry Leadership and Market Expansion
Ofiniti was originally spun out of DNV in September 2024 following an investment from Singapore-based ShipsFocus and a Nordic Family Fund, with DNV retaining the largest shareholder stake. Angsana Technology, founded in 2021, was among the first electronic Bunker Delivery Note (eBDN) providers to be added to the Maritime and Port Authority of Singapore (MPA) whitelist. The company has played a key role in Singapore’s Digital Bunkering initiative, making it a strategic fit for Ofiniti’s long-term vision.
Commenting on the acquisition, Tue Nielsen, CEO of Ofiniti, stated:
“This acquisition accelerates our mission to digitise maritime fuel operations, driving efficiency and compliance at scale. With Singapore at the forefront of digital bunkering, it is poised to redefine how the global industry operates.”
See Lin Ang, Founder of Angsana and now VP of Technical Sales at Ofiniti, added:
“This marks an exciting new chapter for Angsana. By integrating our expertise with Ofiniti’s strong industry presence, we can better serve our customers and improve digital solutions for bunker operations worldwide.”
Future Growth and Innovation
The acquisition signals Ofiniti’s broader commitment to innovation and global expansion. While continuing to support Angsana’s existing customers, Ofiniti will maintain the BunkerFlow platform under its current framework until further updates. The company also plans to increase investment in technology, customer support, and workforce expansion in Singapore, leveraging its position as the world’s leading bunker hub to drive international growth.
With the growing pressure on maritime fuel operators to embrace digitalisation, this acquisition represents a crucial step toward a smarter, more transparent, and more efficient bunkering ecosystem. As the industry moves towards full-scale adoption of digital solutions, Ofiniti’s enhanced capabilities are set to play a pivotal role in shaping the future of bunker delivery.
About Angsana Technology
Angsana Technology specialises in digital transformation and automation solutions for the maritime industry. The company was a pioneer in Singapore’s Digital Bunkering initiative and was among the first eBDN providers to be approved by the Maritime and Port Authority of Singapore (MPA). Through its BunkerFlow and DocuFlow solutions, Angsana has played a key role in enhancing operational efficiency and compliance in maritime fuel transactions.
About Ofiniti
Ofiniti is a leading provider of digital solutions for the maritime fuel industry, offering the FuelBoss platform to streamline maritime operations. The company is dedicated to improving efficiency, transparency, and compliance in bunker transactions through its advanced digital solutions, including Digital Delivery and real-time analytics.
Source Ofiniti