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Veson Nautical acquires Oceanbolt

Veson Nautical has announced the acquisition of Oceanbolt, a dynamic data solutions product for bulk commodity trade flow analysis and marine shipping intelligence.

Oceanbolt's data solution provides web-based and API access to high integrity, real-time data on commodity trade flows, freight tonnage flows, live and accurate vessel positions, port congestion, port activity, and turnaround times.

Oceanbolt combines an AIS processing engine with a proprietary geospatial database of port and berth polygons to allow computationally expensive calculations to be processed in a matter of seconds. Today, Oceanbolt processes 30+ billion data points, makes 60+ million daily observations, and tracks 5+ billion tons of cargo each year over 140 commodities.

"The industry expertise, marketing insight, and technical capability that the Oceanbolt team has delivered to the industry is truly remarkable," said Veson Nautical CEO, John Veson. "We are thrilled to welcome Oceanbolt to the Veson family. Our two organisations are deeply aligned in our mission to empower the maritime shipping and commodity trading communities to make the best possible decisions with the greatest possible agility."

"We are extremely excited to be partnering with Veson Nautical and are confident that users will benefit from a significantly enhanced product offering," said Niclas Dæhli Priess, co-founder, Oceanbolt. "There are clear benefits from combining Oceanbolt's analytics-focused solution with Veson's extensive suite of products and industry knowledge.

"With shared resources from Veson, we expect to see the accuracy and functionality of Oceanbolt's algorithms further enhanced. VIP users will benefit from having additional data and increased visibility at the right time when making trading or commercial freight decisions."

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