One of the most high-profile suppliers of green tech to the shipping industry has been sold. Yara Marine Technologies (YMT) has been acquired by Geneva-based Okapi Supply Trading Advisory for an undisclosed sum.
YMT, an offshoot of Norwegian fertiliser giant Yara, offers a portfolio of green technologies spanning from vessel optimization and wind-assisted propulsion to emissions abatement and shore power.
Explaining the rationale for the YMT divestment, Yara said its strategy is to focus its investments on its core business of sustainable food solutions and clean ammonia.
Okapi Supply Trading Advisory CEO Mohamed Ndao said, “I’m pleased to welcome Yara Marine Technologies into the Okapi family. Their wide portfolio of innovative solutions showcases a variety of approaches and stackable alternatives that can serve as immediate options when addressing our industry’s emissions challenges.”
Geneva-headquartered Okapi Supply Trading Advisory is one of Africa’s top independent providers of oil and gas products and services, supplying, storing and distributing oil and gas products needed by consumers, industry and maritime operations across the African continent.
