Manta Marine Technologies

What Manta Marine Technologies does

Manta Marine Technologies is a privately held Norwegian maritime technology company that designs and supplies green shipping solutions for commercial vessel owners and operators. Founded in 2010 (originally as Yara Marine Technologies under Yara International) and acquired by Geneva-based Okapi Supply Trading Advisory SA in February 2024, the company operates across five offices in Oslo, Gothenburg, Shanghai, Gdansk, and Singapore, organised around three business lines: Vessel Optimisation, Marine Electrification, and Lifecycle Services.

The product portfolio centres on FuelOpt, a patented onboard propulsion optimisation system integrated into a vessel's propulsion system that maintains setpoints for speed, fuel consumption, or shaft power with independently verified accuracy above 99.8%, delivering fuel savings of up to 10%. FuelOpt feeds data into Fleet Analytics, a cloud platform that combines live monitoring, post-voyage analysis, and automated compliance reporting for IMO DCS, EU MRV, EU ETS, FuelEU Maritime, and CII, with direct integration into DNV Veracity. The marine electrification portfolio includes class-approved Shore Power (cold-ironing) systems, Variable Frequency Drives, and a Low Leakage 3-Way Valve retrofit for engine cooling. Lifecycle Services cover OEM spare parts, scrubber and SCR maintenance, conversions, upgrades, and crew training.

Manta earns revenue through a mix of subscription contracts (FuelOpt), hardware sales (Shore Power, VFD, scrubber, SCR, valves), professional services (commissioning, dry-dock work, training), and technology licensing (scrubber design licensed to Suntech Equipment). The go-to-market is sales-led and event-driven, combining direct enterprise engagement with shipyards, naval architects, and classification society partnerships, supported by participation in major maritime fairs such as SMM. With 500+ FuelOpt deployments across bulk, tanker, container, RoRo, and cruise segments, Manta serves an enterprise customer base that includes Oldendorff, Klaveness, UECC, MSC, NYK, MOL, Glencore, Color Line, and Teekay, and is ISO 9001 certified.

Name

Manta Marine Technologies

Legal name

Manta Marine Technologies

Website

https://mantamarine.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Manta Marine Technologies is a privately held Norwegian maritime technology company that supplies green shipping solutions, including its patented FuelOpt propulsion optimisation system, Fleet Analytics reporting platform, shore power systems, and lifecycle services, to commercial ship owners and operators worldwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. FuelOpt Contracts (Subscription): FuelOpt is offered on a subscription basis, as evidenced by the 400th FuelOpt contract being described as 'subscription-based'. This provides recurring revenue from vessel-level installations.
2. Product Sales (Equipment and Hardware): Sale of physical maritime technology products including Shore Power systems, VFD units, scrubber systems, SCR systems, 3-way valves, and OEM spare parts. Revenue from initial equipment installation and hardware procurement.
3. Software Platform (Fleet Analytics): Fleet Analytics platform for vessel performance monitoring and compliance reporting, likely as a recurring SaaS subscription or included within the broader product ecosystem.
4. Lifecycle Services: Technical services, maintenance, commissioning, dry dock services, conversions and upgrades, and crew training. Provided as ongoing service contracts and one-time service engagements.
5. Technology Licensing: Manta licenses its proven scrubber design to third parties (e.g., Suntech Equipment), generating licensing and royalty revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Manta Marine Technologies develops and sells intelligent green maritime technologies for commercial vessels across three business lines: Vessel Optimisation (FuelOpt real-time propulsion optimisation system and Fleet Analytics performance monitoring platform), Marine Electrification (Shore Power cold-ironing systems, Variable Frequency Drives, and Low Leakage 3-Way Valve retrofits), and Lifecycle Services (scrubber, SCR, and shore power maintenance, conversions, upgrades, and OEM spare parts). Products are installed onboard individual vessels and require custom configuration per vessel type and operational profile, with revenue generated from subscription contracts, hardware sales, recurring services, and technology licensing.

Product overview

Manta Marine Technologies offers a three-pronged portfolio of green shipping technologies organized into Vessel Optimisation, Marine Electrification, and Lifecycle Services business lines. The Vessel Optimisation portfolio centers on FuelOpt (real-time propulsion optimization system with 99.8%+ accuracy across Speed, Consumption, and Power modes) paired with Fleet Analytics (performance monitoring and emissions reporting platform integrating with DNV Veracity for automated regulatory compliance). The Marine Electrification portfolio includes Shore Power cold-ironing systems (turnkey solutions for all vessel types), VFD systems for pumps and fans, and the Low Leakage 3-Way Valve for engine cooling optimization. Lifecycle Services provide comprehensive support including scrubber and SCR maintenance, conversions, upgrades, and OEM spare parts. All products are designed to work together—the Fleet Analytics and FuelOpt pairing forms an operational loop where FuelOpt executes voyage plans precisely while Fleet Analytics captures data for post-voyage analysis and continuous optimization.

Differentiator

Problem solved

Functional benefit

Products and services

• FuelOpt Real-time propulsion optimisation system installed onboard and integrated into the vessel's propulsion system. Maintains setpoints for speed, fuel consumption, or shaft power automatically across three modes (Speed Mode, Consumption Mode, Power Mode) with measured accuracy above 99.8% in Power Mode, 99.91% in Speed Mode, and 99.99% in Consumption Mode. Compatible with all fuel types (VLSFO, LNG, methanol, blends) and all vessel types including bulk carriers, tankers, container vessels, cruise vessels, and RoRo/RoPax. Offered on a subscription basis per vessel.
• Fleet Analytics Cloud-based platform for real-time vessel performance monitoring and post-voyage analysis. Collects high-frequency operational data (speed, fuel consumption, shaft power) via FuelOpt or standalone ShipSense hardware. Features an intuitive timeline-based reporting interface for vessel activity tracking, integrated data management combining manual and automatic logging, fuel tracking and tank monitoring, and multi-format compliance output for IMO DCS, EU MRV, and EU ETS. Integrates directly with DNV Veracity for automated data uploads. Includes advisory support from the Fleet Performance Team.
• ShipSense Standalone hardware unit that can be installed on any vessel to collect operational data independently of the propulsion control system. Provides the same data quality as FuelOpt for operators wanting Fleet Analytics without the execution layer.
• Shore Power (Cold Ironing) Tailormade turnkey cold-ironing systems enabling zero at-berth fuel burn and emissions. Class approved and available for all vessel types. Includes high-voltage and low-voltage systems and a variable frequency converter. Retrofit installation possible without drydocking in most cases.
• VFD (Variable Frequency Drives) Variable frequency drives for cooling pumps and ventilation fans. Adjusts motor speed in real time according to actual operational demand, preventing excessive energy consumption and reducing emissions.
• Low Leakage 3-Way Valve Plug-and-play retrofit valve for main engine HT cooling systems. Near-zero internal leakage with sub-one-year payback. Fits any existing 3-way valve installation without drydocking required. Eliminates hidden fuel waste at berth.
• Scrubber and Shore Power Services Onboard service, remote support, and service agreements for EGCS (scrubber) and Shore Power systems ensuring maximum uptime and continued compliance. Covers dry dock maintenance, CEMS servicing, WMU renewal, and sensor upgrades.
• SCR Services Full range of services for marine SCR (Selective Catalytic Reduction) systems including catalyst material replacement, health assessments, dosing calibration, urea quality verification, and onboard NOx measurement.
• Scrubber Conversions and Upgrades Comprehensive system upgrades, conversions, and mechanical services for EGCS (scrubber) systems including CEMS, WTU, sensor swaps and component repairs during dry dock.
• Parts OEM spares for Scrubbers, SCR, and Shore Power systems. Direct sourcing of spare parts or spare part kits.

Quantifiable outcome

• FuelOpt delivers fuel savings of up to 10% per vessel
• +5 more outcomes

Named customers20 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature9 records

Partnerships

Three partnerships are on record, tiered core and minor.

• DNV (Det Norske Veritas)coreTechnology or IntegrationManta Marine Technologies works closely with DNV to verify fuel savings and ensure compliance. Fleet Analytics integrates directly with DNV's Veracity platform, enabling automated and scheduled uploads of reported data for regulatory compliance. The partnership supports regulatory compliance verification and data integrity assurance for customers.
• Suntech EquipmentminorOEM/ Whitelabel/ Licensing PartnerManta Marine Technologies licensed its proven scrubber design to Suntech Equipment, allowing Suntech to manufacture and supply Manta's scrubber technology under license. This extends Manta's reach in the scrubber market through an authorised manufacturing partner.
• IEC (International Electrotechnical Commission)coreTechnology or IntegrationManta Marine Technologies has joined a technical group at the IEC (International Electrotechnical Commission) to help build consensus among technology providers, address any gaps in shore power standards, and avoid additional costs and operational issues from incompatible shore power systems. This positions Manta as a standards contributor in the Shore Power space.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Kongsberg Maritime: Kongsberg Maritime delivers vessel automation, navigation, electrical systems and energy management for commercial shipping. Its Energy Management and vessel control offerings compete with FuelOpt and Fleet Analytics, and it serves the same shipowner/yard customer base.
• ABB Marine & Ports: ABB provides electric propulsion, shore power (shore connection) systems, vessel automation and digital solutions for shipping. It directly overlaps with Manta's Marine Electrification portfolio (Shore Power, VFD) and competes for the same shipyard and retrofit channels.
• Alfa Laval: Alfa Laval is a major marine equipment supplier with PureSOx exhaust gas cleaning systems (scrubbers), heat exchangers, and a broad service network. It is one of the leading scrubber competitors alongside Manta and Wärtsilä, and it also addresses EGR and ballast water systems for the same customers.
• Wärtsilä: Wärtsilä is a large marine technology group offering exhaust gas cleaning systems (scrubbers), lifecycle services, vessel optimisation and the Eniram/Wärtsilä Voyage optimisation platform. It competes head-on with Manta in scrubbers and vessel optimisation but operates as a broad incumbent rather than a specialist.

Emerging players

• bound4blue: bound4blue produces suction-based autonomous wind-assisted propulsion units for ships. It is an emerging player in the maritime decarbonisation space, addressing the same fuel-savings use case as FuelOpt through wind rather than propulsion optimisation, and increasingly appears on the same vessel decarbonisation shortlists.
• Norsepower: Norsepower supplies rotor sail wind-assisted propulsion systems for commercial vessels. It is complementary to FuelOpt in many vessel configurations and targets the same emissions-reduction buyer but is an emerging technology vendor rather than an established fleet-scale supplier.
• BAR Technologies: BAR Technologies developed WindWings, the rigid wing sails being fitted to bulk carriers (e.g., Cargill's Pyxis Ocean). It competes for a share of the emissions-reduction capex budget on the same dry-bulk and tanker vessels that adopt FuelOpt and represents a partial substitute for fuel-saving retrofits.

Direct peers

• Eniram (Wärtsilä Voyage): Eniram, now part of Wärtsilä Voyage, offers onboard fuel consumption monitoring and voyage optimisation software. It is one of the longest-standing vessel performance platforms and competes with both FuelOpt's execution layer and Fleet Analytics' reporting layer.
• Clean Marine Solutions: Clean Marine Solutions (formerly Pure Scrubber) supplies EGCS scrubbers to shipowners globally. It is the closest direct competitor to Manta's scrubber offering and competes in the same SOx compliance retrofit market with overlapping customer segments.
• StormGeo (DNV): StormGeo, now part of DNV, provides voyage optimisation, weather routing, fleet performance and emissions reporting software to shipowners. It directly competes with Fleet Analytics and integrates with the same DNV Veracity compliance workflow that Manta also uses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/manta-marine-technologies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manta Marine Technologies