ECOsubsea raises $12m

October 4, 2023

ECOsubsea Co-founder and CEO Tor Østervold (Photo: ECOsubsea)
ECOsubsea Co-founder and CEO Tor Østervold (Photo: ECOsubsea)
ECOsubsea robotic hull cleaner shown with shore connection pipe (Photo: ECOsubsea)
ECOsubsea robotic hull cleaner shown with shore connection pipe (Photo: ECOsubsea)

A Series B financing round led by the Blue Ocean fund, managed by sustainable investor SWEN Capital Partners, reportedly raised $12m and will enable ECOsubsea, a Norwegian hull cleaning specialist to scale up its operations.

While hull cleaning, the topic and the tech to get the job done, have grown in prominence with the IMO's push for maritime to reduce emissions, the differentiator for ECOsubsea’s technology is that it is designed to both clean and capture biofouling in a closed loop system.

“Our service is provided in parallel with port operations, it is compatible with all coating types and can be used on any vessel," said ECOsubsea CEO Tor M Østervold in a press release announcing the funding. "Our goal is to clean a 400-meter container vessel in under 12 hours.”

Submerged robotic ‘vacuum cleaners’ move over the ship’s hull, removing biofouling and capturing the debris in a multi-layered processing system. The closed loop system protects local biodiversity from pollutants and alien species.
 

ECOsubsea robotic hull cleaner at work on a berthed vessel. (Photo: ECOsubsea) 

Logistics News

South Africa's Transnet Agrees Equipment Deal with Liebherr

South Africa's Transnet Agrees Equipment Deal with Liebherr

Port of Long Beach Orders Two Ship-to-Shore Cranes

Port of Long Beach Orders Two Ship-to-Shore Cranes

MELTRIC Introduces the P66 Industrial Plug and Receptacle

MELTRIC Introduces the P66 Industrial Plug and Receptacle

Port Houston Maintains Steady Growth in Q3

Port Houston Maintains Steady Growth in Q3

Subscribe for Maritime Logistics Professional E‑News

Maguire: Texas and California extend their clean energy lead over the rest of US
Panama Canal begins process to select companies to build and operate LPG pipeline
FedEx's quarterly profits rise, but US tariffs dent 2026 earnings forecast