Akeo, a global tech company, has purchased 50% of the shares in ENL Solutions AS, a maritime information company that is collecting data from PCTC and RoRo shipping.
ENL is a nautical logistics company that aims to integrate blockchain, artificial intelligence, machine learning and financial technology solutions into their existing systems operational in the shipping industry.
“It was an exciting opportunity we just had to seize, says Akeo CEO, Petter Olsen. When Endre Lekven and ENL Solutions AS contacted us, we saw great potential by combining our knowledge of technology and Endre’s long industry experience. In this way, we can create new, modern solutions together for this industry. These solutions will provide enormous benefits in terms of efficiency and predictability.”
After 25 years of experience in shipping, and especially in international freight of rolling cargo, Endre
Lekven established ENL Solutions in 2019. The goal was to establish an online platform that collects data
from shipping lines, ports and international organisations, and then analyses and facilitates the use of
results. This increases earnings for all players, and at the same time reduces the impact on the
environment.
ENL Solution’s vision is to transform this market by creating transparency and being a facilitator for the
increased earnings of all players. Akeo has entered the ownership side, and with its expertise in
cutting-edge IT technology such as blockchain, artificial intelligence and machine learning, it will be a
driving force to make ENL Solutions a platform with the potential to change the entire roro market. This
market has an annual turnover of approximately NOK 350 billion, where the potential in the current market is up to NOK 250-500 million annually.
ENL Solutions aims to change the deep-sea ro-ro market by utilising cutting-edge technology like
blockchain, machine learning and big data. The already existing “Voyage Finder”, “Voyage Tracker” and
“Port Activities” modules on the online platform will be enhanced by using machine learning to process
the large amount of data collected daily. This will enable the company to predict the port congestions and time in port.
This information will be crucial for shipping lines, port users, freight forwarders and shippers as they will get a much better understanding of port and vessel delays. ENL Solutions will also introduce “ENL Quote guard” in the voyage finder module, which is a blockchain-based quotation platform connecting shipping lines, freight forwarders and shippers in a secure and transparent channel.
Akeo was out early with blockchain and secure payment systems, and now continues to focus on
machine learning and artificial intelligence. The company is currently in great development, even though it was a tough period during the first half of 2020.
In the picture from left: Endre Lekven, ENL Solutions and Petter Olsen, Akeo.
