About Us
At BV, we transform demurrage from an unpredictable, manual process into a fast, digitally-enabled system—where costs can be accurately planned and quickly settled.
Solving maritime demurrage since 1983
Trade is the cornerstone of global civilization. Demurrage is so fundamental that it impacts the commodity cost of staples underpinning the world's economy. By minimizing uncertainty, cost, and risk, our work resonates from global producers to end consumers worldwide.
Founded in 1983, Burmester & Vogel was built on a commitment to solve demurrage's persistent challenges. In 2019, Evangelos Efstathiou acquired the company, assembling a team of engineers, including MIT graduates, in Boston's innovation hub. Today, BV serves commodity traders, shipowners, and operators in 50+ countries across Dry Bulk and Oil & Gas sectors.
Our History
Automating Laytime
BV continues to make significant progress in laytime automation, which transforms and speeds up industry operations.
AI Boom
The rapid adoption of AI in the maritime sector accelerates digital transformation, expanding AI capability across document processing and analytics.
BV Portal Launch
Launched our cloud-based portal, modernizing access to demurrage management amid ongoing industry digitalization.
Pandemic Drives Digital Transformation
The COVID-19 pandemic accelerates industry-wide digitization and remote operations, spurring new methods for resilient supply chain management.
The Acquisition
Evangelos Efstathiou acquired the company, bringing new vision and leadership.
Global Market Evolution
The 2008 financial crisis accelerates demand for cost transparency in maritime operations.
Liquid to Dry Bulk
Expanded from liquid cargo to serve the dry bulk shipping market.
Panama Canal Traffic Peaks
Record transits at the Panama Canal underscore a golden era of growth and opportunities in global shipping logistics.
Founding
Burmester & Vogel was established, beginning our journey in maritime technology.
Meet Our Team
Maritime operations, data science, and software engineering — one team focused on demurrage.
Our Core Values
01
Commit to Excellence
We set high standards and consistently deliver quality in everything we do. From our AI-powered solutions to our customer service, excellence isn't a goal—it's our baseline.
02
Create Value
We focus on creating real value for our clients in every feature, interaction, and decision. Our goal is to build impactful solutions, not just products that sell.
03
Be Proactive
We don't wait for problems to find us. We anticipate needs, identify opportunities, and act decisively to stay ahead of industry challenges and deliver solutions before they're requested.
04
Care about Customers
We invest in understanding each client's operations. Long-term relationships built on results, not promises.
05
Get Things Done
Bias toward action. Ship early, measure, iterate.
06
Innovate for the Future
We invest in technology that compounds. Every system we build makes the next one faster to deliver.
Work with BV