Ofiniti Company Profile

Background

Ofiniti, formerly known as FuelBoss, is a leading digital platform specializing in managing marine fuel bunkering operations. The company is dedicated to digitizing maritime fuel operations, aiming to enhance efficiency, compliance, and transparency across the industry. With a strong emphasis on innovation, Ofiniti has established itself as a pivotal player in the maritime sector, particularly in the realm of digital bunkering solutions.

Key Strategic Focus

Ofiniti's strategic focus centers on the digital transformation of bunkering operations. The company's core objectives include streamlining fuel delivery processes, ensuring regulatory compliance, and providing real-time insights to stakeholders. Specializing in the digital delivery of all marine fuels, Ofiniti leverages advanced technologies to offer interconnected service delivery and a superior customer experience. The primary markets targeted by Ofiniti encompass global maritime hubs, with a significant presence in Singapore, a leader in digital bunkering initiatives.

Financials and Funding

In November 2024, Ofiniti successfully spun out from DNV, attracting investment from private and venture capital investors. DNV remains the largest shareholder, with new investments led by a Nordic family fund and Singapore-based maritime venture capital firm ShipsFocus. This financial backing is intended to accelerate Ofiniti's mission to digitize maritime fuel operations and support its global expansion plans.

Pipeline Development

Ofiniti's flagship platform, FuelBoss, has completed over 3,000 Liquefied Natural Gas (LNG) deliveries since 2021, establishing itself as a market leader in digitizing LNG bunker deliveries. The platform has recently expanded to support the digital delivery of all marine fuels, enhancing efficiency and safety in bunker operations. Key milestones include the integration of Angsana Technology's BunkerFlow and DocuFlow solutions, further strengthening Ofiniti's capabilities in automation and real-time fuel delivery insights.

Technological Platform and Innovation

Ofiniti's technological platform is distinguished by its proprietary FuelBoss solution, which sets a new standard for interconnected delivery services. Notable features include:

Digital Documentation: Modernizes the documentation process, making it faster, more accurate, and verifiable.

Efficient Processes: Streamlines operations to increase efficiency and accuracy.

Integration: Ensures seamless integration with existing systems for enhanced operational coherence.

Audit Trail: Provides a comprehensive audit trail to ensure compliance and transparency.

These innovations position Ofiniti as a leader in the digital transformation of maritime fuel operations.

Leadership Team

Ofiniti's leadership team comprises experienced professionals dedicated to advancing digital bunkering solutions:

Martin Wold: Founder and Vice President. Formerly associated with DNV, Wold played a pivotal role in developing the FuelBoss platform and the Alternative Fuels Insight platform. His vision for digitalizing the bunkering industry has been instrumental in Ofiniti's growth.

Tue Nielsen: Chief Executive Officer. Nielsen has been at the forefront of Ofiniti's strategic initiatives, including the acquisition of Angsana Technology, to enhance the company's capabilities in automation and real-time fuel delivery insights.

Leadership Changes

In November 2024, three DNV employees transitioned to join Ofiniti as full-time founders, marking a significant step in the company's evolution. This move was complemented by additional hires in commercial and product development roles, strengthening Ofiniti's leadership team and operational capacity.

Competitor Profile

Market Insights and Dynamics

The maritime fuel industry is undergoing a significant digital transformation, driven by regulatory requirements and the need for enhanced efficiency. The Maritime Port Authority of Singapore's plan to mandate "Digital Bunkering" by 2025 exemplifies this trend, positioning digital solutions as essential components of modern bunkering operations.

Competitor Analysis

Key competitors in the digital bunkering space include:

DNV's FuelBoss: Prior to its spin-out as Ofiniti, FuelBoss was a leading platform for managing marine fuel bunkering operations, completing over 3,000 LNG deliveries since 2021.

Angsana Technology: A provider of digital solutions for the maritime industry, including BunkerFlow and DocuFlow solutions. Angsana was acquired by Ofiniti in March 2025 to enhance its capabilities in automation and real-time fuel delivery insights.

These competitors focus on digitalizing bunkering operations, offering platforms that streamline processes, ensure compliance, and provide real-time insights to stakeholders.

Strategic Collaborations and Partnerships

Ofiniti has engaged in significant collaborations to strengthen its market position and innovation capacity:

Acquisition of Angsana Technology: In March 2025, Ofiniti acquired Angsana Technology, integrating its BunkerFlow and DocuFlow solutions to enhance automation and real-time fuel delivery insights.

Partnerships with Equatorial Marine Fuel and KENOIL Marine Services: These collaborations have been instrumental in Ofiniti's journey to bring seamless, digital, and standardized electronic Bunker Delivery Notes (eBDNs) to the maritime industry.

Operational Insights

Ofiniti's strategic considerations in relation to major competitors include:

Market Position: By spinning out from DNV and acquiring Angsana Technology, Ofiniti has positioned itself as an independent leader in digital bunkering solutions.

Competitive Advantages: Ofiniti's FuelBoss platform offers a comprehensive suite of features, including digital documentation, efficient processes, integration capabilities, and a robust audit trail, setting it apart from competitors.

Strategic Opportunities and Future Directions

Ofiniti's strategic roadmap includes:

Global Expansion: Leveraging its strong presence in Singapore to expand into other key maritime hubs.

Technological Innovation: Continuing to enhance the FuelBoss platform with advanced features to meet evolving industry needs.

Regulatory Compliance: Aligning with global regulatory trends, such as the Maritime Port Authority of Singapore's mandate for digital bunkering, to ensure compliance and market relevance.