Boston-based maritime technology company Burmester & Vogel (B&V) has acquired Windows-based laytime calculation software Laysoft for an undisclosed amount.
Founded by technology entrepreneur Kingston Duffie, Laysoft, also known as Laytime2000, has gained more than 200 active users in the dry bulk market over the past two decades, notably in the grain and mining segments.
B&V said the acquisition provides Laysoft users a natural migration path to its Demurrage AI Copilot platform, which automatically converts laytime calculations done in Laysoft into the B&V laytime format, preserving historical demurrage data while making the port intelligence available to them in the B&V platform.
B&V software is used by industrial producers, commodity traders, bulk terminals and shipowners to calculate delay time and demurrage when a ship is loading and discharging in port.
“The acquisition of a successful, niche application such as Laysoft further consolidates B&V’s position serving several hundred companies in the maritime industry. Our Laysoft customers now have a frictionless path to a powerful and intuitive laytime platform,” said Evangelos Efstathiou, CEO of Burmester & Vogel.
