Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies Dismiss

ClassNK buys NAPA for €53m

Japanese classification society ClassNK has acquired Finnish software house NAPA for €53 million, both companies announced this morning.

{mprestriction ids="1,2"}

ClassNK and NAPA already have an ongoing collaboration agreement, having worked together on ClassNK-NAPA Green, a software solution designed to help ship operators reduce their fuel costs and emissions.

During the webcast announcement this Tuesday, ClassNK executive vice president Yasushi Nakamura explained that he believed only NAPA could provide the classification society with that type of fuel saving solution as well as a ship design solution (namely NAPA Steel) to add to its portfolio.

Juha Heikinheimo, president of NAPA Group, said that the sale to ClassNK would increase NAPA’s resources and help it develop further services on top of its existing portfolio.

The potential for a conflict of interest was raised with the confirmation that NAPA counts several other classification societies among its customers, though Mr Heikinheimo insisted that NAPA would “continue as an independent company”, promising “confidentiality and neutrality” in its dealings with external parties.

Both Mr Nakamura and Mr Heikinheimo said that the acquisition of 100 per cent of NAPA by ClassNK cost €53 million. As ClassNK is a not-for-profit organisation, the profits that NAPA will make in the future will be redirected towards developing new software, said Mr Heikinheimo.

In a press statement announcing the deal, NAPA and ClassNK said they both hope to see the acquisition “significantly enhance the success and capabilities of both organisations”, with ClassNK, which has worked with NAPA for nearly ten years, able to expand the range of services it offers to shipowners and shipyards, whilst NAPA will be able to expand its operations and access new markets.

“As a classification society that sees safety and performance as paramount, we want to ensure that innovation in software benefits the entire maritime industry – and make new innovations available to everyone,” said Mr Nakamura.

“Through this agreement we can ensure that NAPA’s ship design and operation solutions remain available to the entire maritime industry, while also providing NAPA with necessary tools and resources to further expand its innovative development work.”

Mr Heikinheimo added: “We see today’s announcement as a huge opportunity to continue to expand NAPA in a way that reflects the increasing demand for software design and operational solutions that we are seeing in the maritime market.”

“ClassNK’s role as a classification society will enable us to access its industry knowledge, scope and scale, as well as benefiting from its commitment to invest in software research and development. Going forward together [with ClassNK], NAPA will develop new solutions and services for the maritime industry, whilst maintaining its neutrality and confidentiality towards all stakeholders.”

“Today, reducing fuel costs and attracting charterers are the predominant concerns for shipowners and operators. Through this acquisition, the development of clean-tech solutions for optimising fuel costs, planning and monitoring will be accelerated. In addition, continuously improving software solutions to enhance the safety of both merchant and passenger vessels, both at the design phase and during operation, will remain a core focus for NAPA.”

ClassNK provides safety and certification services for more than 8,500 vessels representing more than 20 per cent of the world’s merchant fleet. NAPA’s software is utilised by shipyards designing over 90 per cent of the world’s newbuilds and by major ship owners.

{/mprestriction}

Related items

  • Cornes, GNS, and Safe Navigation create new software and solutions company

    Cornes Charts, Global Navigation Solutions (GNS) and Safe Navigation are joining forces under the new name of Voyager Worldwide. The new maritime software and solutions company will combine AI, automation and data analytics, giving users the ability to predict and plan for the future while enhancing safety and efficiency across their fleets.

  • ClassNK grants AiP to NYK Line and MTI for autonomous ship framework

    ClassNK has granted an Approval in Principle (AiP) to Nippon Yusen Kabushiki Kaisha (NYK Line) and MTI for their joint project on the concept design of an autonomous ship framework (APExS).

  • Klaveness expands contract with Veracity by DNV GL

     

    veracity

    The MV Balboa

    Klaveness Ship Management has expanded its contract with DNV GL after a successful pilot of the DNV GL Veracity platform.

    The contract expansion will see another eight Klaveness vessels use Veracity. According to the companies, the pilot project, which began in 2019, indicated that a reduction in fuel consumption was possible by combining and visualising operational, positioning and engine data.

  • NAPA adds data analysis expertise to MOL project

    NAPA has joined Mitsui O.S.K. Lines’ (MOL) FOCUS project for enhancing the collection and application of ship operation data.

  • ClassNK, JMU, NAPA complete feasibility study on 3D models for shipbuilding

    ClassNK, Japan Marine United (JMU), and NAPA have completed a joint feasibility study on 3D model-based plan approval using 3D CAD models as part of their technical investigation project.

    Shipbuilding designs are gradually transitioning from 2D drawings to those designed with 3D CAD software. Classification societies, whose plan approvals are currently based mostly on 2D drawings, are also required to develop a scheme for 3D CAD models from their submission to their examination completion.

    This project was conducted to examine the technical development required in each process of plan approval by JMU, NAPA, and ClassNK to realise 3D model-based plan approval. In the feasibility study, ClassNK conducted a trial evaluation for hull structural design on a 3D CAD model of 300,000DWT ore carrier designed and created by JMU, using NAPA Designer, a 3D CAD software application for ship design developed by NAPA, as a 3D model viewer. Plan submission, storage, and notification of examination results were made using the Society's electronic plan examination system NK-PASS.

    The investigation concluded that information required for class approval can be confirmed through a 3D CAD model, and that "NK-PASS" is also compatible with 3D CAD models. The results of this survey will serve as a basis for future technical studies, and the Society will continue to work with the industry to realise 3D model-based plan approval.

    Mr. Hayato Suga, corporate officer and director of plan approval and technical solution division said “This study has proven the future potential of 3D model-based approvals. 3D based design can be the key to improving digital solutions in the ship industry, including the ship design process, approval process and later fleet maintenance. I hope that the entire industry will also quickly realise the many opportunities and increased efficiency that can be achieved as a result of this initiative. The vessels of the future will be able to accommodate much better and safer designs in shorter amounts of time.” 

Joomla SEF URLs by Artio

Login/Register

Register or Login to view even more of our content. Basic registration is free.

Register now

Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.

 

Address:
Digital Ship Ltd
Digital Ship - Digital Energy Journal
39-41 North Road
London
N7 9DP
United Kingdom

Copyright © 2019 Digital Ship Ltd. All rights reserved           Cookie Policy         Privacy Policy

x