Hidden in plain sight
Maritime Ventures Newsletter 3.7
This month in the Maritime Ventures Newsletter
Welcome to the December & January edition of the Maritime Ventures Newsletter, your source of the latest news and insights from the world of maritime tech deals, software, sustainability and innovation. If you have any feedback, questions, suggestions, or know some cool start-ups being built in the industry, please feel free to contact me by replying to this email or follow me on LinkedIn.
Apologies for the delayed newsletter(s) - time flies when having fun 🚀
Anyways, grab yourself a good cup of coffee, tea or a beer and enjoy a snapshot of the pulsating life of maritime software, sustainability, and innovation. Happy reading!
Monthly Commentary
Many big (while early!) rounds across this new year season, from two big Vertical AI rounds in the US raising US $15.6 and $20.5m to an average deal size of US $55m at Series B and C at a total of US $279m raised - some kind of record for maritime? Is this a kick-start to a busy year in maritime and logistics venture deals? I hope so.
One of the key areas that sprung out in this newsletter is the autonomy scene - with a series of announcements, notably three of them from the shipbuilding powerhouse of Korea, across the different stages of autonomy. There seems to be four different approaches to the autonomy challenge:
A) You build for full autonomy from the get-go - e.g., Zeabuz;
B) You build a dataset through selling situational awareness systems first, with the ambition to “shorten the path” to full autonomy - e.g., Orca AI, Avikus;
C) You build for remote control first, in other words build up the infrastructure to run the ship without humans, then later shift the brain from being human to artificial - e.g., Kongsberg/Reach Subsea, Remota;
D) You build for autonomy by breaking ship navigation and control into bite-sized chunks that you build tech for individually: speed control / cruise control, route optimisation / weather routing, and probably more - e.g., Deepsea AI.
Note: These are not MECE.
One interesting part of this month is the launch of DNV’s guidelines for autonomy, the AROS notations. Now the regulators are coming around to follow the technology, we might see a boom of adoption as newbuilds are coming out of yards with the different AROS notations.
What approach do you think will result in the biggest outcome?
As for the decarbonisation space - where wind assisted propulsion seems to be getting the big headlines, air lubrication systems are surprisingly winning in terms of plain numbers of installations on vessels. Many of these are from Silverstream, the market leader, but interestingly it seems yards themselves are entering the market. After all, its about a compressor blowing bubbles under a ship - how complex can it be? (Quite complex if you ask people in the know).
Maritime Technology Ventures featured in media
On Deals
Early Stage (Seed + A)
Trondheims-selskap henter 31,8 millioner til drone-teknologi - [In norwegian] ScoutDI raises US $2.8m for their drone-tech, with a regional focused fund from local bank Sparebank1 SMN as lead and existing investors of DNV, Klaveness, Equinor and Devico filling up the round.
Syroco raises €7.5m from Alter Equity and Seventure - Dedicated weather routing and vessel settings optimisation platform seals their Series A, on the back of announcements of customers like Odfjell, Marfret, Geogas, Knutsen OAS and Socrata signing up.
Idan Ofer’s EPS Ventures teams up with Norwegian government on shore power investment - Not entirely a classic VC deal, with the existing shareholders being big corporates, however now with Nysno Climate Investments and EPS Ventures as new shareholders with US $4.46m injected into the shore-power and charging start-up Zinus.
MOL-backed methane splitting start-up secures $45m funding - Raised from MOL Plus alongside Finnish Climate Fund, Holdix, Stephen Industries and OMV Petrom, to set up a test unit in Finland.
Happyrobot: Series A Announcement - Raised a $15.6m Series A led by a16z, with support from Ryder Ventures and “other strategic investors”. Using voice AI tech solve the coordination problems of logistics with constant phone calls and emails. Vertical AI coming for freight brokerages.
Boon raises $20.5M to build agentic AI tools for fleets - AI Agents coming for the shipping back-office jobs? Fleet management optimisation company raised a $15.5m Series A from Marathon and Redpoint, on the back of a previously undisclosed $5m Seed round. Has got customers representing 35k drivers and 10k vehicles on the platform, reaching $1m ARR after nine months of business…
Growth Stage (B+)
Gothenburg-based Liquid Wind raises €44 million in Series C financing - eFuel production company, specialised in eMethanol, raises a round led by Uniper, Hycap and Samsung Ventures.
Swiss self-driving car firm Embotech raises $27 million - In their Series B, for expanding their automated vehicle marshalling (automotive factory efficiency) and autonomous terminal tractor (ATTs, for ports and yards) solutions in Europe, and later expand to US later in 2025. Led by Emerald Technology Ventures and Yttrium, with participation from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC and existing investors. And just under a month later announces a major deal with APMT’s terminal in Rotterdam for 30 ATTs.
BHP and Samsung pile into Aramco-backed ammonia tech start-up - Raises a further US $56m to reach US $270m from major industrial backers, with South Korea based SV Investment (co-lead with existing shareholder Aramco), Samsung Heavy Industries, BHP Ventures and Hanwha Investments & Securities, in addition to existing shareholders.
Shippeo raises $30M to expand real-time shipment tracking platform - French visibility platform raises a round led by Woven Capital (Toyota) with participation from existing investors of Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good and Yamaha Motor Ventures - bringing their total raised to beyond US $140m.
USV data collection firm XOCEAN raises €115m - Growth round indeed, raising from S2G Ventures, Climate Investment, Morgan Stanley’s 1GT fund, and an affiliate of the Crown Family’s CC Industries, to grow their ocean data business - in other words, build more USVs.
M&A
Wartsila to sell off automation and navigation business to Swedish investment firm - Offloads the business to Solix Group, first deal in maritime for the investment firm. Undisclosed sums.
Vitol shells out $47m to take over Oslo-listed technology operation - Denmark’s WPU adds on a 66% stake to their existing 24% shareholding, practically acquiring the company, from the founding investors. Produces naptha (/oil) from rubbish (/plastic waste).
Advent eModal acquired by CargoSprint - Port community platform acquired by a PE-backed provider of payments and workflow orchestration for the cargo industry - complementing each other with the former in the container space, the latter in the air cargo space.
GeoServe and SHINC join forces - Emerging on the brink of Christmas, the voyage management system (founded in 2019) has acquired a SaaS laytime management platform (launched in 2023).
FTV Capital fund launches bid to acquire maritime tech firm Windward for $271m - A big exit for maritime tech! Let’s hope the funds get recirculated into new maritime startups.
Idan Ofer backs green fueltech specialist SulNOx - Signed up at least 30 vessels and EPS Ventures takes a 8.5% stake in the listed company, with potential to further increase by 3.3% based on “successful introductions by EPS to shipping customers”. No wonder the stock is up 200%+ the last year.. More details in Tradewinds.
Marcura buys VesselMan - Skagerak Capital sells off VesselMan to PE-backed maritime software house, for an undisclosed sum. With a quote from Aboutships predictions: 1) Maritime strategics are looking beyond fleet revitalisation to acquiring service businesses with their large cash reserves; and 2) “several prominent PEs” have spent “shoe-leather cost” on looking into maritime and specific opportunities in the space. To be implemented with MarTrust and ShipServ to complement the existing procurement offerings, according to SMN.
Navarino buys Castor Marine - More satellite consolidation! Castor to continue to operate independently, but with support from the Navarino organisation and network. Undisclosed sums.
On Emissions Transparency
Neste joins Ahti Pool - Signed LoI to include their EU-exposed fleet into Ahti’s compliance pool, taking the Pool’s total vessels under management to almost 250. Neste looking to reap some revenue from their “ultra-low-carbon” vessels.
NAPA to link software platform with Ahti Climate FuelEU Maritime pool - Meanwhile, one of the other actors with a FuelEU product, NAPA links up with Ahti’s pooling solution - next up, investment announcement?
NAVTOR makes FuelEU update to ship operations platform - Adding a calculator and integration with digital logbooks, to calculate potential penalty costs and give an overview of compliance on CII, EU ETS and FuelEU Maritime.
Coach Solutions updates software for FuelEU Maritime requirements - Upgrading their vessel reporting functionality to support compliance with FuelEU Maritime.
LR OneOcean launches Risk Manager FuelEU software - LR enters the FuelEU software space, competition heating upp.
Spinergie links data platform to DNV Veracity cloud - More partners for DNV Veracity, for verifying emissions data.
Fueltrax reports success on inland and coastal vessels - More accurate and tamper-proof sensors for measuring direct fuel consumption is gaining traction on inland and waterway vessels as well as sea-going vessels.
MOL and Marubeni plant seed for carbon credits JV - Sets up Marubeni MOL Forests to establish a new 10k hectare forest in India, starting to handle carbon credits from 2028 onwards. Separately, MOL revealed a $25m investment in a forestry fund targeting Latin America.
StormGeo and Bureau Veritas partner on emissions reporting - Linking up with BV’s reporting platform, for vessels between 400-5000 GTs that will be affected by new regulations.
On Future Crewing & Safety
ATPI introduces digital crew travel booking platform - Launches “CrewHub”, currently under testing but will be available for marine customers in early 2025. Incumbent competition coming for the crew coordination startups?
Lloyd’s Register Foundation announces £15m funding call for safety projects - New strategy over the next five years, funding three focus areas: “Safer maritime systems”, “Safer, sustainable infrastructure” and “Skilled people for safer engineering”.
OneCare and Riverr partner on AI-powered seafarer healthcare - Partnering to provide predictive health intelligence, improving OneCare’s pre-employment medical examination program to identify early risks. 130 ships enrolled and integrated with 20 clinics.
MPP Carriers to deploy telemedicine systems - From VIKAND.
On Port Operations Optimisation
Incheon Port Authority in Korea to implement MapSea navigation monitoring tech - To manage vessel traffic in their waterways.
TCEEGE Container Terminal Operator implements Portchain - Turkish container terminal - Portchain is moving in all regions.
On Remote Surveying & Inspection
Not much - except for ScoutDI’s fundraise mentioned above - time to end this section? Any objections?
On Connected Vessels
Enabling Digital Vessels
Multi-hop 5G system tests extend coverage to 10km from shore - EU-funded project with telco and technology companies participating in the research run by VTT Technical Research Centre of Finland, trialling a system to extend 5G coverage - hopping from ship to ship?
KVH launches TracNet Coastal GSM/WiFi terminal - Offering cheap and fast connectivity while near shore, as a supplement to LEO and similar high-speed connections.
Thoresen Shipping deploys hybrid satcoms system with VSAT and LEO options - Migrating to Marlink’s Sealink NextGen system, blending VSAT with Starlink’s LEO across their 24 vessel fleet.
Seaspan signs up for OneWeb LEO satcom service - One deal who’s not doing Starlink for their LEO needs.. Big one as well, signing with KVH’s fleet package.
Digital Vessel Management
Jobs cut at Pacific International Lines as automation drive kicks in - Perhaps not quite about digital vessel management, although it is about AI-driven automation; laying off employees primarily at their shipping agencies. Believed not to be a cost cutting move, more a strategic move, as they are allegedly to be logging a $1bn profit for 2024..
Bergen Engines and ioCurrents partner up - Enables Bergen Engines to offer IoCurrents’ vessel performance and predictive maintenance platform as a value-add for their engines.
This digital tool promises to keep crews fed and happy - The Source2Sea division under Wrist set up a digital catalogue for crews to order food and other chandlery items, revealing that all of MSC’s vessels are using the platform. Hired a former ShipServ executive as CEO for the platform and opening it for other chandlers to join. And here is more info: MSC onboards entire fleet to digital procurement platform.
Korean partners to work on AI-powered condition-based maintenance - On main engines and generators, trialling the Korean Registry’s AI-powered CBM system on two Sinokor container ships.
Teekay Tankers implements new ERP system for fleet management - Implements JiBe’s ERP for their fleet, boasting nearly 2000 vessels running “on a single version” of the ERP application - now the market “seems to understand” that customer-specific versions will not allow scalable implementation of AI. Change is coming for maritime ERP!
ABB to work with Korean partners on ‘intelligent’ vessels - Korean tech companies teams up with ABB’s weather routing API to build better tech, to be implemented on a string of new vessels coming out of Korean yards.
Kongsberg Digital maritime operations to be folded into Kongsberg Maritime - Shifts US $52.5m of revenue (2023) and 500 employees in 14 countries over to the Maritime division - clears up some politics I’d guess - and on the opposite side streamlines KDI as a provider of software to Oil&Gas (a matter of time when you got Shell as a shareholder?).
TMS Cardiff Gas deploys Kaiko Systems platform fleetwide - LNG operator implements Kaiko’s SIRE 2.0 on 18 vessels.
Autonomy
lomarlabs And Mythos AI Join Forces To Innovate Maritime Navigation - lomarlabs grants access to Lomar Shipping’s vessels for Mythos AI to test out their autonomy technology.
HD Hyundai gets KR and LISCR’s AiP for autonomous navigation and remote-control tech - Follows the demonstration of the tech on a 8000TEU container ship.
H-Line to use AI-based navigation systems on 30 vessels - One of South Korea’s largest shipowners to install HD Hyundai’s (from above) autonomous navigation from the Avikus subsidiary. First 5 vessels, then the remaining 25 “when the expected safety and efficiency improvements has been validated” - claimed a 15% savings on a 9.3k km voyage.
Samsung Heavy Industries debuts latest autonomous vessel - 12 passenger vessel, with a range of technologies, including automatic berthing and unberthing.
Indian Register of Shipping and Cochin Shipyard to develop autonomous vessel - Developing the technology and building an autonomous ship using an Indian supply chain, with tech partner KPIT and other Indian manufacturers specialising in autonomy.
Five NorthStandard members adopt Orca AI following partnership - US-based Liberty Maritime and Curtin Maritime, Greece-based SeaTraders and Singapore’s EPS and MMSL are the first NorthStandard members to install Orca AI’s platform following the partnership.
Kongsberg Maritime delivers Reach Remote 1 USV - The first 24m uncrewed surface vessel is launched, with Reach Remote 2 completing sea trials these days.
ANELLO Photonics launches inertial navigation system - An enabler for autonomous navigation across spoofed waters, and a fail-safe if GPS drops out. Suddenly coverage in maritime, after they raised an undisclosed Series B in November led by Lockheed Martin Ventures, Catapult Ventures and One Madison Group, with participation from a bunch of financial and strategic VCs.
Redningsselskapet to deploy Hefring Marine tech for Norwegian search and rescue - Icelandic situational awareness tech to be deployed on the entire fleet, after trials on 8 vessels the last few years.
On Connected Cargo Operations
Bearing AI launches cargo prediction tool - Empowering tramp chartering managers in the spot market to predict a vessel’s next loading port - better positioning for vessels.
Röhlig Logistics integrates Hapag-Lloyd real-time container tracking - Freight forwarder using live position data in their own systems, tracking it on a 15 minute basis. Co-developed with Rohlig’s digital spin-off, “cargonerds”.
COSCO pilots blockchain-based cargo safety document sharing - Trials with Global Shipping Business Network’s (GSBN) platform for sharing dangerous and critical cargo document details, trialled with Longxing Chemical.
On Reducing Fuel Consumption
Half of ships struggling for grades in new carbon intensity ratings, says Clarksons - While companies are likely to be struggling in 2026, “data shows increasing uptake in energy-saving technology as fleet age grows” - and here is the numbers:
Air lubrication systems: 237 vessels installed and 332 on order for newbuilds,
Wind-assisted propulsion: 56 vessels installed and 87 on order,
Onboard carbon capture: 36 installed, 12 on order (despite unclear rules from IMO)
Marine batteries: Installed on 612 vessels (on 100GT and above).
Wind tech as a path to compliance - Kongsberg Maritime explains the rationale behind their conventional-fuelled bulker design, with 40-55% fuel savings compared to existing (new) bulker designs through wind-tech, air lubrication, hull design optimisation and advanced energy management systems.
Greek and Saudi Arabian venture swoops for bulker fleet with export finance to fund huge retrofit plan - Getting the minimum threshold required from Dutch export financiers, here 4 out of 10 solutions, and then adding on more solutions to the export financing package. Owner’s aim was to retrofit the vessels to become as green as possible, without investing in a fuel switch. Includes amongst the solutions a Dutch ALS, Danish advanced hull coating, Finnish CO2 and SOx scrubber and Chinese pyrolysis tech.
Optimising Navigation & Propulsion
EXMAR deploys big data vessel optimisation platform fleetwide - Using EXMAR’s existing repository of data, Toqua deploys after an initial trial project - embedding the solution into their existing voyage optimisation solution resulting in an increased fuel saving by 3%.
NSB GROUP to add NAVTOR e-Navigation systems on 40 vessels - A reminder that shipping companies are still signing deals with incumbents and their suite of solutions.
PONANT to work with MWI in development of AI for vessel routing - Strategic partnership with funding from the Brittany Region in France.
United Heavy Lift deploys Syroco digital twins for voyage optimisation - Deploy the tech on 11 of their 19 heavy lift vessels. Demonstrated better reliability than other solutions and as a result had strong adoption from crews. Interesting.
Optimising Fuel Performance
AI-powered robots drive Chinese start-up, backed by early WhatsApp investor, with an eye on the West - Neptune Robotics, with 30 autonomous robots in service in five operations centres, covering 60 ports in China, now expanding to Singapore and looking to raise a new round triple the size of the first one (in other words, around $50m), although they are not burning cash - looking to expand to Middle East and South America.
Evergreen and PIL join growing throng of liners opting for windshields - Getting 2% savings after giving the ship a nose-job.
Hapag-Lloyd analysis of semi-autonomous hull cleaning tech reveals 16% fuel drop - Completed evaluation of ShipShave’s semi-autonomous in-transit hull cleaning on two vessels, with reduction in fuel consumption of 5% and 16% on the two ships respectively, documented and confirmed by DNV.
Hull cleaning robot system made available in Singapore - HullWiper’s ROV hull cleaner is made available at PSA terminals, Seatrium Yards and the inner anchorages following a partnership agreement with Unidive Subsea. A diving company removing divers?
Carnival to add air lubrication tech on two newbuilds - Installing Silverstream’s system on two newbuilds, bringing the tally to 16 vessels of Carnivals fleet with Silverstream’s air lubrication technology.
Assisted Propulsion & Power Generation
Anemoi completes world’s largest yet rotor sail retrofit - On a Vale-chartered vessel owned by Omani shipowner Asyad, five 35 meter tall rotor sails. Expected to reduce fuel consumption by “up to 6%”. That doesn’t sound very promising, relative to many other wind-announcements, however very promising to see Anemoi sign up more vessels chartered to Vale - a clear go to market there.
Huge U-Ming bulker to have giant rotor sails installed to tap wind power - Another order for Anemoi, fitting four of the 35m rotor sails on a big (but not as big as the above one) VLOC.
Wallenius Maritime carries out wind tunnel tests for world’s first sail-powered PCTC - Testing out 5x2m model of the ship in a wind tunnel, for a fully sail-powered ship.
Econowind names Chiel de Leeuw its new CCO - New hire coming from the shipbuilding industry for Econowind.
On Future Fuels
Norway to support construction of nine more ammonia and hydrogen fuel vessels - Granting almost $100m to six norwegian shipowners, with seven ammonia-fuelled vessels, two hydrogen fuelled and five battery-electric vessels.
Ammonia
Copenhagen Infrastructure Partners takes lead in ammonia seaborne trades - Via their Energy Transition Fund signs MoUs with BW Epic Kosan and Færder Tankers for ammonia-fuelled carriers, and is in advanced discussions with “major shipping operators” for very large ammonia carriers (VLACs).
Ammonia engine delays prompt Eastern Pacific to switch dual-fuel newcastlemax bulkers to LNG - Switches 7 of 14 vessels from ammonia to LNG dual-fuel systems, due to delay between MAN and the engine manufacturers. Is this the continuation of the demise of ammonia as a fuel?
MOL switches fuel choice as it inks order for newcastlemax bulker quartet - Well, not quite. Same yard as EPS, also newcastlemax vessels, where MOL is pivoting from LNG to ammonia. One door closes, another one opens?
Hydrogen
CryoVac Secures AiP from DNV for LH2 Containment Design for Ships - A step on the way for the large-scale hydrogen value chain, to be able to ship liquid hydrogen at minus 253 degrees celsius.
Finland-based Hycamite, MOL (Europe Africa), MOL PLUS Sign MoU - Aiming to use Hycamite’s low-temperature (read: low energy cost) methane-splitting tech, producing clean hydrogen and solid carbon, for power generation onboard vessels.
Shipowners lay groundwork for fuel-cell pilot projects - Notes from Riviera’s conference recently, with Maris Fiducia looking at hydrogen-fuelled solid-oxide fuel cells (SOFC) for their shortsea bulk carriers; as well as MSC Cruises having installed SOFCs next to their dual fuel engines on two cruise vessels and planning for two more with larger SOFC installations - fuelled by LNG (for now?). Maersk on the other hand is looking to test out some proton-exchange membrane (PEM) fuel cells on two ships from 2026, and some live fish carriers as well as fishing vessels are looking into similar tech as well.
TECO 2030 files for bankruptcy - The Norwegian marine fuel cell developer was not able to raise sufficient capital to continue operations.
Electric Powertrain
Waiting……
Methanol
Pacific Basin orders methanol dual-fuel ultramaxes - More dual-fuelled engines coming out.
MAN completes Maersk Halifax methanol retrofit - First retrofit on a very large container vessel to dual-fuel methanol engine, paving the way to a pre-order for 10 more vessels to methanol.
LNG
Gianluigi Aponte extends huge MSC orderbook with 10 ultra-large container ship newbuildings - More LNG dual-fuelled vessels.
Nuclear
CORE POWER teams with Westinghouse for nuclear floaters - Looking at a floating nuclear power plant, combining advanced nuclear tech (in a micro-reactor) with shipyard efficiency to deliver energy to islands, ports, coastal communities and industry.
Knutsen Tankers and Vard reveal project to design nuclear-powered ships - Developed together with NTNU in Aalesund (my alma mater going strong!) and DNV, assessing 99 companies developing advanced reactor technologies. Found two US companies, Kairos Power and Ultrasafe, and a third option in Sweden, Blykalla, as the most promising reactor types.
Biofuels
Will a new type of biofuel allow liner giant MSC to lower its bunker bill and reduce emissions? - Trialling London-listed Quadrise’s two types of biofuel, with Cargill providing the glycerine feedstock for the fuel. Developed an emulsion process that enables the use of lower cost feedstocks, lowering emissions and fuel costs.
Emissions Capture
Dry ice and a blast from the past: How ex-DNV boss Henrik Madsen hopes to disrupt new carbon markets - Not quite onboard carbon capture, but here comes the company DecarbonICE with a novel way to transport CO2 in containers as dry ice on the way to the permanent storage place.
Samskip gets Dutch funding for onboard carbon capture technology - Unclear how much funding, but some funding through grant from the Dutch Government’s “Maritiem Masterplan” for a “compact” onboard carbon capture system from Value Maritime installed on Samskip’s vessel trading between Rotterdam and along the Norwegian coast.
Solvang unveils ‘world-first’ large-scale carbon capture and storage system retrofit - OCCS retrofitted on a LPG carrier from Wartsila Moss, with a capture rate of “up to 70%”, in a collaboration project with Solvang and Wartsila, alongside MAN Energy Solutions and researchers in SINTEF, funded by the norwegian state energy transition agency, Enova.
Fuel Quality & Procurement
Resorts World Cruises deploys software for bunker planning and procurement - From the weather routing company, StormGeo, comes a bunker planning and procurement platform. Expanding to this product after having used other parts of the StormGeo suite.
Metis and Nereus Digital Bunkers in fuel management partnership - Partnering up to optimise management and execution of bunkering processes using both systems.
ICYMI
IMO moves ammonia fuelling closer with key regulatory steps - Maritime Safety Committee says OK, and paves the way for ammonia carriers to also use boil off as fuel.
Enron ‘comeback’ stirs industry interest - Enron made a brief comeback, with some interesting marketing, on the day 23 years after they filed for bankruptcy.
Broker says insurers should reward tech-savvy shipowners seeking to improve safety and cut losses - A call for lower premiums on insurance based on technology, from head of insurance broker Atlantic, with examples of NorthStandard with Orca AI and ShipIn.
Hamish Norton: Consolidate shipbuilders to end cyclicality and go nuclear - So far best answer in the series, would first end the cyclicality of shipping, then put nuclear reactors on all big ships, and get Xi Jinping on his board to create the shipping market.
£30m up for grabs as UK government urges maritime tech firms to innovate - UK granting more cash to UK startups.
‘Holy grail’ of autonomous shipping moves closer to reality as DNV issues technical specs - “AROS” class notations issued, covering navigation, engineering, operational and safety, while distinguishing between category (remote control, decision support, supervised autonomy and full autonomy) and location of ship control (onboard, off-ship or hybrid).
Innovation on the horizon: Cultivating technology at the ocean-climate nexus - JP Morgen on Ocean-climate innovation, with quotes from Propeller Ventures. Quite US focused but signal on what they are looking at..
Why big buys, not a merger, make ‘perfect sense’ for Lloyd’s Register CEO Nick Brown - Context on LR’s acquisitions and divestments the last 5 years, and their plans moving forward.
Tidbits and food for thought around start-ups and ventures
AI in 2025: Building Blocks Firmly in Place - The big dogs have cemented their position, are we seeing an oligopoly emerging?
Happy week!