laytime
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Burmester & Vogel
Burmester & Vogel is a Boston-based maritime technology company that uses AI and machine learning to automate laytime calculation and demurrage claim management for the shipping industry. Founded in Hamburg in 1983 as a traditional laytime firm, it has reinvented itself as the maker of the Demurrage AI Copilot - software that digitizes shipping documents, calculates delay time, and audits demurrage claims in seconds. It serves industrial producers, commodity traders, bulk terminals and shipowners across several hundred companies worldwide.
Evangelos Efstathiou
Evangelos (Evan) Efstathiou is the CEO of Burmester & Vogel, a Boston-based maritime software company that turns the slow, paper-heavy work of laytime and demurrage calculation into AI-driven automation. An MIT-trained entrepreneur who has spent his whole career at the crossroads of shipping, software and capital markets, he bought the 40-year-old freight-tech firm in 2019 through a Series A and is rebuilding it into what he calls 'the Bloomberg of shipping.' He also runs the maritime M&A and strategy advisory Skysail Advisors, which he founded in 2016.