the marsoft team

Paul Eckbo,


Paul Eckbo is the founder and Chairman of the Marsoft Group. His focus includes fundamental analysis of oil, energy and shipping markets and providing timing and portfolio advice to owners, charterers and investors, shipping and offshore related, real and financial assets and securities. Dr. Eckbo has held senior positions in academia and business and has been extensively involved in global business ventures with responsibility for business development, strategy and corporate finance.

Dr. Eckbo has a B.A. from the Norwegian School of Economics (Bergen) and a Ph.D. in Management from the Sloan School of Management at MIT.

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Arlie Sterling,


Arlie Sterling is President and co-founder of Marsoft Incorporated. He is responsible for the development and commercialization of Marsoft’s decision support, risk management, and credit rating services. Dr. Sterling advises shipowners, investors and financial institutions regarding the development and execution of effective investment, chartering and risk management strategy.

Recently, he has been involved in the implementation of Basel II credit rating system for several major ship finance institutions.

Dr. Sterling has an S.B. from the Massachusetts Institute of Technology, an M.S. from Northwestern University, and a Ph.D. in Applied Economics (concentration in finance and macroeconomics) from the MIT Sloan School of Management.

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Belinda Adye,


Belinda Adye is a partner and joined Marsoft Inc. in 1990. She is responsible for sales in Europe and is the head of Marsoft’s London office.

Mrs. Adye has a BA Hons in French and Italian from University College London. Prior to working at Marsoft, Mrs. Adye had experience in teaching, PR and theatre.

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Costas S Bardjis,


Costas Bardjis is a partner and joined Marsoft Inc. in 1986. He has directed numerous projects at Marsoft, with his most recent focus on the liner and containership markets and credit rating.

He holds a diploma in Naval Architecture and Marine Engineering form the National Technical University of Athens, a M.S. in Ocean Systems Management from MIT, and has completed his studies for a Ph.D. in Corporate Strategy and Shipping Economics in the Sloan School of Management at MIT.

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Kevin Hazel,



Kevin Hazel is a Marsoft Inc. partner and joined Marsoft in 1989. Prior to joining Marsoft, Mr. Hazel was an investment analyst in the financial services industry.

Mr. Hazel has an S.B. in Management from MIT’s Sloan School of Management and an M.A. in Economics from Boston University.

His most recent assignments include: Analysis of worldwide refinery capacity and the impact on the product tanker market; Development of the steel and energy industries and their impact on the dry bulk markets; Projecting future trade developments in China and Russia (for last year’s IRM course).

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Nikolay Koumpikov b+w  J57A7987-square l

Nikolay Koumpikov, Associate Partner


Nikolay Koumpikov works as a Software Architect and a Senior Software Engineer, contributing to the Marsoft software products, since joining the Marsoft team in 2003. Prior to this he worked as a Navigating Officer on bulkers, containerships, and multi-purpose ships.


Mr. Koumpikov has a Master in Electrical Engineering and a Master in Maritime Navigation from the Nikola Vaptsarov Naval Academy, Bulgaria. He also holds a Master in Information Technology from Harvard University.

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Aditya Trivedi,



Aditya Trivedi is a Senior Tanker Analyst, and joined the Marsoft Team in 2019. 


After studying BS Nautical Technology from BITS, Pilani in India, he joined the sea as a deck cadet and worked as a Navigating Officer onboard liquefied gas carriers and containerships.


After 8 years at sea, he studied full-time MBA at the Cass Business School in London, and subsequently, worked at maritime research companies including Affinity Research, Drewry Maritime Research, and Infospectrum, mainly developing models and reports for product tankers and providing credit reports for owners, charterers, oil majors and bunker suppliers.

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Hauke Kite-Powell

Senior Analyst



Hauke L. Kite-Powell is Senior Analyst for liquid gas shipping at Marsoft, focusing on the LNG and LPG tanker markets and trades. 


He holds degrees in naval architecture (B.S), technology and policy (M.S.), and ocean systems management (M.S. and Ph.D.) from the Massachusetts Institute of Technology. 


Dr. Kite-Powell also holds appointments as Research Specialist at the Marine Policy Center of the Woods Hole Oceanographic Institution and Lecturer at the Massachusetts Maritime Academy.

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Julia Zhan,

Senior Business Development Specialist


Julia is a Senior Business Development Specialist at Marsoft and joined Marsoft in 2011. 


She is responsible for delivering impact investing and decarbonization services, including due diligence, climate alignment analysis, and strategy development. She leads Marsoft’s services for asset management clients, in areas of valuation, credit rating, investor education, and cycle analysis. She is also responsible for projects including distressed debt restructuring and M&A. She developed all the models in Marsoft’s portfolio and risk management application Flagship.


Julia holds a Masters of Science in finance from Boston College.

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