NAVTOR accelerates IoT and AI development
NAVTOR, a global leader in e-Navigation and maritime performance solutions, has acquired software development company Masterloop, enhancing its capabilities in IoT and AI.
This strategic move follows NAVTOR’s acquisition of Voyager Worldwide in December, reinforcing its focus on data-driven efficiency, performance, and decarbonisation within the maritime industry.
Masterloop, known for its IoT platform and Bluekey vessel efficiency application, will integrate its expertise with NAVTOR’s digital ecosystem.
NAVTOR CEO, Tor Svanes, emphasized that the acquisition brings fresh perspectives and strengthens their mission to simplify maritime operations through intelligent, AI-driven solutions.
Masterloop’s team, including its founder Jan Helge Skailand, who has a history of collaboration with NAVTOR, will join NAVTOR’s global network. Their expertise will significantly contribute to the Green AI for Sustainable Shipping (GASS) project, which aims to reduce vessel emissions by up to 20%.
NAVTOR’s CTO, Anders Holme, highlighted the company’s commitment to leading the maritime industry towards smarter, more sustainable operations. The acquisition aligns with NAVTOR’s goal to optimize performance, reduce costs, and support decarbonisation efforts across the shipping sector.
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