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

Baltic Index Rises, Sees Gains Across All Vessel Sizes

Baltic Index Rises, Sees Gains Across All Vessel Sizes

Cuba Maritime & Port Celebrates Three Years of Industry Innovation and Collaboration

Cuba Maritime & Port Celebrates Three Years of Industry Innovation and Collaboration

Melvin Resigns as President of South Carolina Ports Authority

Melvin Resigns as President of South Carolina Ports Authority

Brazil Ships More Iron Ore to China, Competitors Lag

Brazil Ships More Iron Ore to China, Competitors Lag

Subscribe for Maritime Logistics Professional E‑News

Tour bus rolls over on New York highway, causing multiple deaths
Spirit Airlines hires advisors to evaluate options after redesign efforts fail, WSJ reports
The defiance by the Air Canada union of Canadian government orders could inspire workers