Class society Bureau Veritas invests in OrbitMI

French class society Bureau Veritas (BV) has become an investor in US-based maritime software company OrbitMI.

The collaboration will leverage combined strengths to address the dual opportunities of the digital transformation and the decarbonisation of shipping. Neither firm disclosed the size of the investment but reports have emerged that BV will receive a seat on the OrbitMI board of directors.

BV’s Marine & Offshore division and OrbitMI will address clients’ immediate regulatory and decarbonisation requirements posed by CII, EU ETS, and the recently enacted FuelEU standards, as well as their longer-term digital transformation journey.  

The New York firm’s Orbit platform transforms data into insights that individuals and teams can use to enhance the tasks they do every day, whether on a ship or onshore.

OrbitMI and BV will further strengthen its platform with high-quality and trustworthy data, based on solid data science. This will enable solutions that can expand to address the challenges the maritime industry faces today and those that it will face long-term.