Evangelos Efstathiou Discusses the Future of Maritime AI with MassChallenge
In an industry as ancient and essential as maritime shipping, innovation often faces the headwinds of tradition. But the path forward isn’t about abandoning our 40-year legacy—it’s about digitizing and refining it in places where no others thought were possible.
CEO Evangelos Efstathiou sat down with the team at MassChallenge to discuss how the company is revolutionizing the dry bulk sector. In it, he emphasized our rapid transformation from a traditional German software house to a Boston-based AI startup in recent years, and how we are tackling the industry’s biggest hidden inefficiencies.
Conversation Highlights
The “Paper” Problem: Despite the digital age, global trade is still suffocated by billions of paper documents. In the interview, Evangelos explains how our Demurrage AI Copilot is designed to release the temporal chokehold of tedious documents, automating laytime calculations and turning manual data entry into instant, actionable insights.
Bridging Tradition and Innovation: We discussed the unique challenge of pivoting a 40-year-old company. It’s about respecting the deep domain expertise we’ve built over decades while aggressively adopting new technologies like Generative AI to solve modern problems.
Sustainability is Efficiency: We touched on a critical truth—efficiency isn’t just about profit; it’s about the planet. By streamlining port operations and reducing administrative friction, we help vessels spend less time idling and more time moving, contributing to a greener supply chain.
The MassChallenge Effect: The innovation ecosystem is deeply important to all sectors of the tech industry. B&V is dedicated to pursuing network and mentorship, like the incredible MassChallenge community, that help us navigate our transformation from a legacy provider to a high-growth tech startup.
As hopeful pioneers of supply chain visibility and demurrage, we look forward to making the trade ecosystem more resilient and sustainable for everyone.
Watch the Full Interview
Dive into the full conversation to hear Evangelos share his journey, the challenges of modernizing a legacy industry, and his vision for the future of maritime tech.
