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Yara Marine Technologies Acquires Lean Marine

Yara Marine Technologies has acquired Lean Marine, a company at the cutting edge of automated fuel-saving, performance management, and reporting solutions for vessels.

Lean Marine’s intelligent software and hardware solutions have already been installed on more than 200 vessels worldwide.

Yara Marine
Thomas Koniordos, CEO, Yara Marine Technologies

Mikael Laurin, Chief Executive Officer, Lean Marine, said: “Yara Marine Technologies has consistently demonstrated its ability and dedication at providing commercial shipping operators with new technologies that reduce maritime emissions, and they can scale and implement new solutions quickly. We strive towards the same goal – a greener maritime industry – and that made us a natural match. We are now ready to move our solutions into the next phase of rapid expansion, in a global market, where the frontrunners will show the way.“

“Moving forward, the time is right for our technologies to be offered to ship-owners and operators worldwide with the help of Yara Marine’s extensive network and experience.”

Thomas Koniordos, Chief Executive Officer, Yara Marine Technologies, said: “The purpose of our work is to make this industry greener, and we do that by continuously introducing new solutions. Lean Marine’s innovative vessel efficiency technologies are our next important step on that journey. We have spent more than a year analyzing dozens of system providers, but no one comes close to what we found at Lean Marine. The savings offered by their technologies made our engineers’ hearts skip a beat. In addition, their experience in propulsion control systems, customized marine engineering, and hydrodynamics put fast-moving digital developments into good use.”

“Since we first began discussions with Lean Marine, we have been increasingly impressed with the scope of their technology, as well as their commitment to continue to refine and develop their offerings. We are very much looking forward to including their digital platforms in our expanding portfolio of technologies”, Koniordos continued.

“We already see several interesting synergies between us. For instance, the integration of wind-assisted propulsion and conventional propulsion systems requires a smart solution, one that can dynamically adjust engine power, pitch propeller, and route for real-time optimization of fuel efficiency. This is a very interesting arena now that Yara Marine is bringing WindWings to the market,” Laurin said.

“I believe we have a particularly good cultural fit with Lean Marine. A healthy planet for future generations is our overall ambition, and we share that with them. With this acquisition, we are one step closer to making that happen,” Koniordos concluded.

Lean Marine will continue to offer FuelOpt and Fleet Analytics as part of Yara Marine’s portfolio of green technologies for the maritime industry, and these offerings will be backed by Yara Marine’s global service and support infrastructure.

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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