Furetank Chartering Deploys Orbit Solutions on All Vessels

Press Release – OrbitMI, Inc., a provider of AI-powered maritime software and data solutions, announces that Furetank Chartering, a division of Furetank Rederi AB of Donsö, Sweden, a global leader in the development of efficient and environmentally friendly product & chemical tankers and a member of the Gothia Tanker Alliance, has put Orbit’s performance management and commercial operations solutions into service on their fleet.

During a pilot using Orbit on three vessels Furetank significantly increased control over bunker consumption and increased productivity due to improved planning and coordination of all commercial activities. “The value we realized during the pilot made it easy for us to extend our use of Orbit to the entire fleet,” noted Johan Kristensson, Operations Manager of Furetank Chartering. “Most of our voyages are one or two days which require agile decision making and real-time analysis to gain efficiencies. Orbit helps our teams do just that.”

“We are thrilled and humbled by Furetank’s commitment to Orbit solutions,” notes Ali Riaz, CEO of OrbitMI. “As a short-haul chemical tanker operator, Furetank sees the value in how Orbit aggregates raw data from existing siloed systems, amplifies it via machine learning algorithms and activates it through connected workflows, dashboards, alerts and actionable insights delivered to decision makers in real-time via desktop, tablet and smartphone, all behind a single log-in.”

Of particular interest to Furetank Chartering was the speed of deployment of Orbit both on shore and on ship. “Our business is fast-paced and we are unable to pause daily operations to adopt any solution,” Kristensson noted. “The fact that Orbit requires no software installation made it easy to test with our commercial teams. Ultimately, we will accelerate our time to value.”

The speed of deployment is also enabled by Orbit Reporter, the noon reporting application that aggregates data from the bridge yet requires no hardware. “Orbit Reporter is a flexible, browser-based tool that runs on any shipboard Internet connected device in minutes,” notes Riaz.

Furetank will continue to extend Orbit’s future-proof technology, including transforming a spreadsheet-based process and other fragmented workflows into Orbit’s cloud-based innovation hub.

About Furetank

Headquartered in Donsö, Furetank Rederi AB is an integrated ship owning company focused on the North European petroleum products trade since the early 1950’s. Owned by the Höglund family, with historical roots in shipping since the 17th century, Furetank has invested in five highly specialized 18,000dwt dual-fuel product & chemical tankers, built at Avic Dingheng Shipyard in China. Together with their partners Älvtank and Thun Tankers, the series will ultimately comprise eight sister vessels operating in the Gothia Tanker Alliance. For more information, please visit www.furetank.se.

About OrbitMI

OrbitMI is a software company headquartered in New York City with offices in Sweden, Norway Serbia and Greece, supported by our global partners, whose purpose is to unlock the value in the data the maritime sector generates. By transforming raw data into actionable insights and predictive intelligence, OrbitMI helps maritime become more efficient, profitable, and sustainable. Learn more at www.orbitmi.com

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