ChartCo Limited

ChartCo Limited offers innovative digital navigation solutions and compliance tools tailored for the maritime industry, enhancing operational efficiency for vessel operators worldwide. Founded in 1998 and headquartered in London, UK, ChartCo Limited focuses on providing digital navigation solutions for the maritime sector. The company merged with Marine Press of Canada Inc. in November 2019 to form ChartCo OneOcean.

The merger aimed to create a comprehensive platform for navigation and compliance, enhancing its product offerings. ChartCo Limited has been involved in two investment deals, with its most recent funding round being a Buyout of GBP 55. 00 mn led by Equistone Partners Europe, raising a total of GBP 55. 00 mn since its establishment.

OneOcean, created from the merger of ChartCo and Marine Press, delivers a wide array of integrated digital navigation and compliance solutions tailored for the maritime sector. These include advanced navigation software, compliance management tools, and emissions management systems designed to improve operational efficiency and regulatory adherence for vessel operators. Key offerings such as the OneOcean Risk Manager allow clients to simulate, plan, and monitor their FuelEU and EU ETS exposure on a single platform, streamlining compliance processes. The client base encompasses nearly 20,000 vessels globally, addressing the requirements of ship owners, crew members, and shoreside management teams across Europe, North America, and Asia.

In the year 2016, OneOcean reported a revenue of GBP 59. 76 mn generated primarily through a subscription-based model. This model allows clients to access its software solutions and ongoing support services, with pricing structures tailored to meet the needs of vessel management, including tiered subscription levels based on the number of users or vessels serviced. The OneOcean Risk Manager is a critical component of revenue generation, facilitating compliance with rigorous maritime regulations while optimizing operational workflows.

ChartCo Limited plans to expand its presence by developing new products and enhancing existing solutions tailored for the maritime industry. Following the merger with Marine Press, the company is focusing on releasing updates to its digital navigation tools to meet evolving regulatory standards. The recent funding from the GBP 55. 00 mn Buyout will support these product developments and facilitate entry into new markets, particularly targeting expansion in Asia and North America by 2023.