ABB takes over routing business from DTN Shipping

Caption: ABB

The Swiss-Finnish ABB Group is taking over the maritime business of DTN Shipping, thereby expanding its software offering in the field of routing.

ABB intends to become “one of the market leaders in the field of ship route optimization”, according to the acquisition.

Financial details of the transaction were not disclosed. The transaction is subject to customary closing conditions and the completion of consultation procedures with the relevant works councils. It is expected to close in Q2 2024.

ABB and DTN Shipping intend to work together to ensure continued customer support and the seamless integration of approximately 85 employees, most of whom are based in the Netherlands and the Philippines, into ABB, the statement added.

5,000 vessels at ABB

The acquisition of the DTN Shipping portfolio includes ship routing software, including analytics, reporting and modeling applications. “The acquisition comes at a time when real-time analytics for weather routing is playing an increasingly important role in optimizing the efficiency and safety of ships,” ABB said in explaining the transaction. The DTN Shipping division complements the existing digital offering and increases the number of vessels connected to ABB networks to over 5,000.

Existing DTN Shipping customers will benefit from ABB’s expertise in electrical, automated and digital shipping solutions and gain more opportunities to increase efficiency, save fuel and reduce emissions.

Juha Koskela, Division President, ABB Marine & Ports, said: “This is an integral part of our commitment to using digital solutions to make better operational decisions that lead to increasingly sustainable ship performance. With this acquisition, we can now offer all levels of digitalization for all fleet types and sizes, creating a unique offering for ship and voyage performance.”

Related Articles

Star Bulk Carriers Corp., which specializes in the transportation of dry bulk goods, has announced...

The shipping company Höegh Autoliners is continuing to restructure its fleet with another ship sale....

Around three and a half months after the announcement, MSC is getting serious: the shipping...

South Korean President Yoon Suk-yeol wants a larger fleet for the container liner shipping company...

Ferry operator DFDS plans to deploy up to six battery-powered ships on the Channel routes...

US manufacturer Cruisers Yachts is teaming up with MarineMax to expand into the Lake of...


Get an overview of the week’s most important news directly to you inbox: