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Euronav sells FAST platform to ZeroNorth

Caption: Søren Meyer, CEO of ZeroNorth [left] buys, Alexander Saverys, CEO of CMB Group, sells

The Belgian tanker giant Euronav has sold its FAST platform (Fleet Automatic Statistics and Tracking) to the Danish company ZeroNorth.

FAST collects real-time data from sensors across Euronav’s entire fleet. The company, which is controlled by the Saverys family, has implemented the platform across its entire fleet and reportedly uses it for reporting, voyage optimization and ship operation optimization. [ds_preview]

The plan is now to integrate the full functionality of FAST into the ZeroNorth platform. As part of the agreement, the Belgian company will also become a customer of the Danish service provider.

ZeroNorth promises more sustainability

“By acquiring FAST and integrating it into our existing platform, we believe we can accelerate the transformation and sustainability strategies of a large part of the global fleet,” said Pelle Sommansson, Chief Growth Officer at ZeroNorth.

The company has grown steadily since its inception as a tech spin-off from Maersk Tankers and has raised additional capital from investments such as Cargill and PGS Equity. Previously, the online platforms Prosmar Bunkering in 2022 and BTS in 2021 had already been acquired. In October last year, it was announced that a merger with Alpha Ori Technologies was planned.

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