Satva Trust is a ClimateDataTech and FinTech company that leverages blockchain, artificial intelligence/machine learning technologies to accurately predict vessel emissions. The company supports marine lenders, marine insurers, shipowners, and vessel charterers.
Under the agreement, ABL will share its naval architecture and marine engineering expertise along with knowledge of vessel types and design data for the enhancement of Satva Trust’s platform. ABL will also support Satva Trust in the launch and post-launch growth of its platform.
“This is an exciting partnership for us. We will draw upon ABL’s substantial naval architecture and marine engineering experience along with the vessel design, upgrade, and conversion expertise of sister company Longitude to enhance Satva Trust’s platform, offering the industry a forward-thinking solution to support its decarbonization efforts,” RV Ahilan, Chief Energy Transition Officer, ABL Group.
Stefano Scarpa, ABL’s Associate Director for maritime decarbonization, will lead the project from ABL’s side.
“We have long been evolving our technical offering to support maritime decarbonization with solutions in emissions consulting, alternative fuels, electrification, energy storage, shore power, and wind propulsion, to name a few. We are very happy to partner with Satva Trust to complement our recent win with Innovate UK, demonstrating the immense potential of AI to accelerate the decarbonization of shipping,” said Stefano Scarpa, Associate Director of Maritime Decarbonization, ABL.
Satva Trust plans to launch its innovative solution for financial institutions—Finance PRO—and solutions for shipowners—FleetPRO—in the coming weeks.
“Our mission is to offer the global commercial shipping stakeholders truly independent, reliable, and accurate data underpinned by unique technology. We are thrilled to have partnered with ABL, a reputable marine engineering consultancy, to present the industry with the opportunity to achieve its decarbonization goals without compromising profitability,” commented Leilya Shamel, CEO of Satva Trust.
ABL is part of Oslo-listed consultancy group ABL Group ASA.
