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ICELANDIC SMART SHIPPING COMPANY BECOMES PART OF GTT

Monday, February 24, 2020 

French LNG containment specialist GTT has acquired of 100% of the share capital of Marorka, a company based in Iceland and involved in Smart Shipping, with a range of maritime energy monitoring and optimisation system designs.

Marorka's system have so far  been installed on more than 600 vessels, allowing them to reduce their environmental footprint. The acquisition further enables GTT's transition into shipping decarbonisation - GTT says that in addition to using LNG as a marine fuel, achieving those objectives will necessarily require smart software technologies and operational data analysis.

With more than 17 years of experience, Marorka has developed a recognised technical platform and value added applications, making it a technical, commercial and geographical complement to Ascenz, GTT’s subsidiary based in Singapore, representing a new milestone in the Group’s digital strategy.

“We are glad to become part of the GTT group; joining forces with Ascenz and GTT experts will boost our presence and our ability to satisfy customer needs,” said Darri Gunnarsson, CEO of Marorka. “We share the same vision on Smart Shipping and its increasing contribution to the improvement of shipping’s operational and environmental performance.”

Philippe Berterottière, Chairman and CEO of GTT, said: “We are happy to welcome Marorka in the Group. This acquisition is an important new step in GTT’s digital roadmap. Smart shipping is an essential component to allow the shipping industry to reduce its environmental footprint. LNG shipping players are also increasingly seeking digital solutions to optimise their operations and will benefit from an even more compelling service offering from GTT thanks to this acquisition."

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