Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions

Ofiniti, a provider of digital solutions for maritime bunker operations, on Tuesday (11 March) said it has acquired 100% of Angsana Technology, with the entire Angsana team joining Ofiniti as part of the acquisition. 

This move reinforces Ofiniti’s commitment to enhancing digital solutions for maritime fuel operations, focusing on serving existing customers and delivering the best solution for Singapore. 

“By integrating Angsana expertise, Ofiniti further strengthens its position as the leading provider of Digital Delivery solutions for maritime operations while ensuring extended 24/7 and global support for Angsana’s customers,” Ofiniti said in a statement. 

“With maritime fuel operations under increasing pressure to digitise, comply with new regulations, and reduce inefficiencies, this strategic acquisition positions Ofiniti as the driving force in transforming bunker delivery with e-BDNs and real-time analytics.”

Singapore’s recent mandate for digital bunkering solutions makes this deal especially timely, setting a precedent for the global industry.

Why Now?

With Singapore set to mandate digital bunkering by 1 April 2025, this acquisition is pivotal. Ofiniti and Angsana are uniquely positioned to support bunker suppliers and vessel operators in complying with new regulations while optimising operational efficiency. 

As digitalisation and sustainability reshape the industry, Ofiniti is taking charge of building a smarter and more transparent maritime fuel ecosystem.

Ofiniti was spun out of DNV in September 2024 after securing outside investment from Singapore-based ShipsFocus and a Nordic Family Fund, with DNV remaining the largest shareholder. Angsana, founded in 2021, was a pioneer in the Digital Bunkering initiative and among the first e-BDN providers to be added to the Singapore Maritime and Port Authority (MPA) whitelist.

With this acquisition, Ofiniti will enhance operational efficiency, transparency, and compliance for maritime bunker operations. The integration combines Ofiniti’s FuelBoss platform, which incorporates Digital Delivery and Live Delivery Insights, with Angsana’s BunkerFlow and DocuFlow solutions, creating a seamless and robust digital ecosystem for bunker suppliers, vessel operators, and port authorities.

“This acquisition accelerates our mission to digitise maritime fuel operations, driving efficiency and compliance at an unprecedented scale. With Singapore at the forefront of digital bunkering, we are poised to redefine how the global industry operates,” said Tue Nielsen, CEO of Ofiniti. 

“I’m humbled to welcome See Lin Ang and the rest of the Angsana team onboard. With Singapore as a key market, this move strengthens our leadership in Digital Delivery while laying the groundwork for global expansion.”

See Lin Ang, Founder of Angsana and now Vice President of Technical Sales at Ofiniti, added: “This marks an exciting new chapter for Angsana. By integrating our expertise with Ofiniti’s strong industry presence, we can better serve our customers and improve digital solutions for bunker operations worldwide.”

Commitment to Innovation & Growth

Ofiniti’s acquisition of Angsana is more than just a business deal – it’s a commitment to revolutionising maritime fuel operations. Our combined expertise will drive seamless, transparent, and efficient bunker transactions, benefiting suppliers, vessel operators, and port authorities worldwide.

“Ofiniti will continue to support Angsana’s existing customers and maintain its BunkerFlow product under its current framework until further updates,” it added. 

To strengthen its presence in Singapore, Ofiniti will invest further in technology, customer support, and innovation, expanding its workforce in the near term. By refining and optimising solutions in the world’s leading bunker hub, this acquisition will serve as a launchpad for Ofiniti’s global growth strategy.

Related: Singapore: FuelBoss by Ofiniti becomes sixth whitelisted e-BDN solution
Related: ONE completes e-BDN adoption trial with Shell in Port of Singapore
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes

Photo credit: Ofiniti
Published: 11 March, 2025