Ownership of Icelandic maritime IT technology provider Marorka has changed after a management buyout. German investment group and parent company Mayfair sold its stake in the producer of energy management solutions to the existing management team.
As a result of this, Marorka sold its offices in Germany and Denmark, while keeping its base in Reykjavik, Iceland and subsidiary Marorka Singapore.
Marorka’s management has kept the intellectual property rights, brand names, contracts and technical knowledge.
They expect Marorka can maintain a growing and sustainable business in providing IT and software for maritime energy efficiency.
Following the management buyout, Marorka has simplified the management and streamlined administration.
The new chief executive officer is Darri Gunnarsson. He expects there will be further growth for the company as shipping companies endeavour to improve their operations and reduce their environmental impact.
“Our products help operators improve efficiency by reducing oil consumption, while at the same time improving their environmental profile by cutting emissions,” he said.
Marorka will continue to provide a full range of data-driven energy management products and intends to develop different solutions.
It provides predictions to both ship and shore, for estimated time of arrival and performance, based on fuel budgets, engine revolution settings and expected weather and vessel conditions.
It provides real-time alerts on the use of all consumers on the vessel, including the main engines, diesel generators, auxiliary engines, boilers, lube oil pumps and cargo pumps.
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