Ofiniti steps up Singapore investment with ZeroNorth eBDN acquisition

Maritime technology company Ofiniti on Tuesday (22 September) said it has agreed to acquire the eBDN solution from ZeroNorth and will, on completion, bring its technology and customers onto Ofiniti’s Bunker Operating System.

The transaction marks the latest step in Ofiniti’s rapid expansion since becoming an independent company in 2024. Through a combination of acquisitions and organic growth, Ofiniti is bringing together technology, capabilities and customers that have historically been spread across separate solutions.

The acquisition further strengthens Ofiniti’s position as it builds the Bunker Operating System connecting supply, demand and infrastructure across the bunkering ecosystem.

The transaction will, on completion, bring ZeroNorth’s eBDN solution and customers into Ofiniti’s digital delivery, while ensuring continuity for existing customers.

For ZeroNorth, the transaction is a deliberate portfolio decision, as the company concentrates its investment in bunkering on the parts most closely connected to core shipping operations – procurement, pricing and planning.

Søren Andersen, CEO of ZeroNorth, said: “eBDN has an important role to play in the continued digitalization of fuel operations, and we are proud of what we have built. We believe Ofiniti is well placed to take eBDN forward and continue developing it for the industry. 

“ZeroNorth will continue to invest in bunkering, focusing on the areas where we can create the greatest impact for the industry – connecting fuel decisions more closely with voyage and vessel operations, while increasingly applying agentic AI across the voyage.”

BTS Pte Ltd – the legal entity and license holder behind ZeroNorth’s eBDN solution – is Ofiniti’s third acquisition, following Singapore-based Angsana Technology and Dutch maritime technology company Teqplay, as Ofiniti continues to bring complementary capabilities together within its Bunker Operating System.

Tue Raguse, CEO of Ofiniti, said: “Bunkering has been built around fragmented systems, data and ways of working, and we see a huge opportunity to change that.”

“We are deliberately building Ofiniti to connect supply, demand and infrastructure in one ecosystem. That means growing organically, but also bringing together strong businesses and technology where that can create better solutions for customers and a more connected industry.”

Since its spin-out from DNV in September 2024, Ofiniti has grown to serve more than 200 customers globally and has processed more than 50,000 bunker operations to date.

Singapore has been central to Ofiniti’s growth and will play an increasingly important role in the company’s next phase.

Ofiniti today holds a significant share of Singapore’s digital bunkering market and is increasing its multimillion-dollar investment into technology, talent and presence in the country as it continues to expand internationally.

“We are here to invest, contribute and build for the long term. Our ambition is to continue strengthening our capabilities in Singapore and use what we learn here to help connect bunkering operations across markets around the world,” said Raguse.

Related: Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions
Related: Ofiniti acquires Teqplay in push towards end-to-end bunkering visibility

Photo credit: Ofiniti
Published: 23 September, 2026