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

Prysmian Cements Partnership with Port of Middlesbrough with New Long-Term Deal

Prysmian Cements Partnership with Port of Middlesbrough with New Long-Term Deal

Five Inducted into the International Maritime Hall of Fame in NYC

Five Inducted into the International Maritime Hall of Fame in NYC

Over $77 Million in Projects Underway at Lake Michigan Port

Over $77 Million in Projects Underway at Lake Michigan Port

Women in Maritime Day: Shaping the Future of Maritime Safety

Women in Maritime Day: Shaping the Future of Maritime Safety

Subscribe for Maritime Logistics Professional E‑News