Startup News

14 Feb 2019

Maritime's Amazing World of Mixed Reality

Fostech’s mixed reality technology allows you to view not just a whole ship in 3-D, but by clicking with your fingers … (Photo: Fostech AS)

New holographic technology is set to revolutionize training procedures, fleet management, ship performance and engineering maintenance in the maritime sectorHave you ever wished you could move around your fleet of ships, in full 3-D, without ever moving from your desk? Have you ever wanted to be able to delve into the complex inner workings of one of your vessels and inspect its internal structure while sitting in your office? Have you ever been performing maintenance work within…

12 Feb 2019

We4Sea Receives New Financing

Pic: We4Sea

Delft-based maritime startup We4Sea has secured new funding to accelerate the development and roll out of its platform for monitoring seagoing ships’ fuel consumption and emissions.The investment by ENERGIIQ, Mainport Innovation Fund II and angel investors was announced by Adri Bom-Lemstra, Regional Minister for Economy and Innovation for the Province of Zuid-Holland at the Maritime Delta dinner in Schiedam.Delft startup We4Sea analyses and reports fuel consumption and associated CO2 emissions from seagoing ships based on a unique Digital Twin concept.

31 Jan 2019

Eastern Pacific Shipping, Techstars Launch Tech Accelerator

Pic: Eastern Pacific Shipping

The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based in EPS’ headquarters in Singapore and this mentorship-driven startup accelerator partnership will be the first of its kind to target the maritime industry, said a company press release.“The merchant maritime industry is one of the oldest in the world…

06 Jan 2019

Astrocast Launches IoT into Space

Pic: Astrocast

Swiss satellite startup Astrocast announced the launch of 3 new pilots of its Low Earth Orbit Nanosatellite Network. The pilots with Actia, Marine Instruments, and Swiss Fresh Water highlight the power of satellite networks to deliver affordable communications to the world’s most remote areas.Designed specifically for IoT, Astrocast’s two-way system allows companies to monitor and control their remote assets, including over-the-air upgrades at lower latency and cost than existing…

16 Dec 2018

CargoMate, Nyris Win Konecranes's Startup Program

Pic: Konecranes

Konecranes startup program, REACH, which  seeks to find fresh ideas and opportunities for collaboration with some of the most innovative startups, scouted over 2000 startups.For the REACH Program’s finals, on December 12th, Konecranes selected four of the startups from REACH applications, and gave one fast pass to a startup found from Slush.Konecranes REACH Program’s finalists were CargoMate Technologies, DeepEyes, Nyris, Visualix and Xetal. All solutions had potential, but CargoMate…

05 Dec 2018

Cargotec Makes Waves in Maritime Startup Program

Pic: Cargotec

Cargotec, the Finnish company that makes cargo-handling machinery, has  partnered with Rainmaking in September this year to establish a startup collaboration programme called Trade & Transport Impact.The programme connects world leading corporations and innovative startups to address the biggest challenges in maritime, cargo transport and logistics, said a press release.Applications to join can now be made, and Cargotec invites startups worldwide to join with us in the Rainmaking Trade & Transport Impact programme."Maritime logistics is full of inefficiencies throughout the value chain…

22 Nov 2018

Norway's Equinor strikes LPG Deal with Malaysia

Image: Equinor

Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang, in South-East Asia.According to statement from the petroleum and wind energy company, GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021. Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh…

21 Nov 2018

NYK Testing Cashless Ships

Onboard remittance test. Photo: NYK Group

Japan's Nippon Yusen Kabushiki Kaisha (NYK) is currently considering the establishment of a new network that will enable onboard financial settlements through the remittance of electronic money (e-money).The the shipping and logistics company said it is as a part of the NYK Group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green”.Onboard tests have been conducted to examine the potential to reduce administrative work and the risk of cash loss, and thus foster an employee-friendly workplace where crews can work comfortably and concentrate on ship operations.Today…

13 Nov 2018

Virgin Hyperloop One Selects New Chairman

Pic: DP World

Global hyperloop pioneer Virgin Hyperloop One elects Sultan Ahmed bin Sulayem as Chairman and Jay Walder as CEO as company leverages new round of funding to begin implementation of hyperloop from Pune to Mumbai.Sultan Ahmed bin Sulayem is the Group Chairman and CEO of DP World. Jay Walder, who is one of the world’s leading mass transportation and technology executives, has been appointed as its new CEO. Walder will also join the company’s Board of Directors.The selection of a…

09 Nov 2018

Ferry Safety and Technology Conference set for February in Bangkok

A depiction of last year's contest winner (CREDIT: WFSA)

The 5th Annual Ferry Safety and Technology conference will be held in Bangkok Thailand on February 20‐22, 2019. The conference is designed to showcase the best practical technologies to improve safety particularly‐ but not solely, for the developing world.The conference is co‐hosted by the Worldwide Ferry Safety Association (WFSA) and the famed Chao Phraya River Boat Co. The conference features good news on multiple fronts: new high‐quality ferry systems; new development of inland waterways making them safe for ferries in India and Bangladesh (in a presentation by the World Bank)…

23 Oct 2018

Zero carbon at sea? Rotterdam port eyes a greener future

© Jelle van der Wolf / Adobe Stock

In Rotterdam, ships from around the world cruise in and out of Europe's busiest port, a bustling industrial hub that employs almost 200,000 people and produces 20 percent of the Netherlands' climate-changing gases.As Rotterdam tries to cut its emissions - in line with global goals to curb global warming - shipping emissions are a particular challenge, not least because many fall outside the targets set by the Paris Agreement to curb climate change.But the city's bustling port…

22 Oct 2018

Yanbu South Terminal Boost Export Capacity

The terminal consists of a tank farm and offshore facilities to receive, store, and load Arabian Light and Arabian Super Light crude oil. Image: Saudi Arabian Oil Co.

The oil giant Saudi Aramco has competed the rehabilitation and upgrade project of the Yanbu South Terminal (YST), which adds an extra three million barrels per day of crude oil to its West Coast export capacity.Yanbu South Terminal, which is located south of Yanbu City on the West Coast of Saudi Arabia, consists of a tank farm and offshore facilities to receive, store and load Arab Light (AL) and Arab Super Light (ASL) crude oil.The facility’s integration with the existing crude oil supply network adds 3 million barrels per day to Saudi Aramco’s export capacity through the West Coast…

09 Oct 2018

Maersk Launches Startup Accelerator

(Photo: Maersk)

AP Moller - Maersk has launched India-focused OceanPro, a 120-day accelerator program to give shipping and logistics startups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers and further accelerate global digital transformation.“We recognize the immense potential of India’s technology and digital talent and are looking to capitalize on these capabilities to help the logistics industry worldwide, to reinvent itself,” said Søren Skou, CEO, A.P.

07 Oct 2018

PSA Bharat Mumbai Container Terminals Achieves Record Vessel Productivity

Pic: Bharat Mumbai Container Terminals (BMCT)

PSA’s Bharat Mumbai Container Terminals (BMCT) has achieved a new vessel productivity benchmark of 155 moves per hour on COSCO Shipping Lines Co Ltd’s vessel M.V. Xin Hong Kong, which departed BMCT on 30 September 2018.Together with sister vessels from service partners CMA-CGM and Hapag-Lloyd, M.V. Xin Hong Kong operates the India Ocean / EPIC 2 weekly service, linking India and the Middle East directly with the North European Ports of Antwerp, Hamburg and London.A total of 2…

27 Sep 2018

Subchapter M Casts Off

Image Credit: Vane Brothers

Initial reports show that the towing industry is adjusting well to the new normal on inland rivers. In fact, it is business as usual for most.July 20, 2018 was a critical date for tow boat operators. That was the deadline for all U.S.-flag towing vessels – over 26 feet, or less if used to assist with transport of oil or hazardous materials – to be in compliance with Subchapter M, the U.S. Coast Guard’s towing vessel safety regulations. It’s been a long time coming. As a regulatory program…

20 Sep 2018

MAN Propulsion for 7 Russian Factory Trawlers

(Image: MAN Energy Solutions)

MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new 109-meter factory trawlers for the Russian Fishery Company (RFC).The series’ lead vessel will be built by Tersan shipyard in Yalova, Turkey for scheduled delivery in July 2020. The following six identical vessels will be constructed in Russia.The configuration of the newbuilding’s propulsion system features a MAN 14V32/44CR main engine (delivering 8,120 kW), a MAN Alpha VBS 1260 propeller…

28 Aug 2018

Equinor to Boost Drilling to Extend Norwegian Shelf Life

Photo: Harald Pettersen / Equinor

Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor announced plans on Tuesday to drill up to 3,000 wells offshore from its native Norway in coming decades - almost as many as it has drilled since its startup in 1972 - to mitigate declining output from older fields, and extend the production lifetime of more than 20 installations.The company said it remained on track for to keep profitable oil and gas production in Norway towards 2030…

22 Aug 2018

VIKING to Distribute HydroPen Container Firefighters

Photo: VIKING Life-Saving Equipment

Maritime safety equipment manufacturer and global servicing provider VIKING Life-Saving Equipment has signed with Rosenby Engineering to exclusively distribute the award-winning Danish startup’s HydroPen fire extinguishing system for container vessels.VIKING’s Product Management and New Building Director Jørgen Holm, sees the HydroPen System as a leap forward for protecting container vessels, their cargo and crew from one of modern shipping’s most hazardous situations.“Traditionally…

25 Jul 2018

Damen Partners with Clean Energy Startup

Daan Geldermans, co-founder of Skoon Energy; Peter Paul van Voorst, founder of Skoon Energy; and Arnout Damen, CCO, Damen (Photo: Damen)

Damen Shipyards Group has signed a cooperation agreement of understanding with clean energy startup Skoon Energy to further advance the energy transition underway in the shipping industry.Skoon was founded in 2017 by Daan Geldermans and Peter Paul van Voorst, two students of the Delft University of Technology. The company focusses on the large-scale electrification of ships’ propulsion via management of a battery sharing network and strategically located charging hubs with a 100 percent clean energy supply.

16 Jul 2018

CEMS Rolls out Hi-tech Labs in Visakhapatnam

Photo by Centre of Excellence in Maritime & Shipbuilding

India's Centre of Excellence in Maritime & Shipbuilding (CEMS), a well-funded startup in skill development for maritime and shipbuilding sector has announced thatits hi tech labs at Visakhapatnam are ready for starting orientation programmes for trainees. A seminar was held on 13th July 2018 in Vishakhapatnam to inform stakeholders about the facilities in the labs and to begin the process of training. This is shortly after CEMS announced the readiness of its Mumbai labs. CEMS is promoted by Indian Register of Shipping (IRClass) in partnership with Siemens and Ministry of Shipping.

13 Jul 2018

CEMS Opening Visakhapatnam Labs

Mr. Arun Sharma  (Photo: CEMS)

Shortly after announcing the launch of its labs in Mumbai, Center of Excellence in Maritime & Shipbuilding (CEMS), a startup in skill development for maritime and shipbuilding sector, has announced readiness of its labs in Visakhapatnam.CEMS is promoted by Indian Register of Shipping (IRClass) in partnership with Siemens and support from Sagarmala, Ministry of Shipping. Its Visakhapatnam campus is located in the Indian Maritime University (IMU) premises.CEMS has planned 18 labs for its Visakhapatnam campus of which six labs are ready and will be operationalized shortly.

01 Jul 2018

CargoMate Close Seed Investment Round

Image: CargoMate

Shipping technology startup CargoMate has closed a GBP 500,000 seed investment round. The investment allows the company to continue the development of their port call optimisation platform for container ships and expand the number of shipping companies they work with. CargoMate, who have been piloting their technology with a major ship operator since December 2017, reduce turnaround time for container ships in port by providing real-time port productivity analytics to vessels and fleet management departments.

08 Jun 2018

CMA CGM Looks to Leverage Artificial Intelligence

(Photo: Eric Haun)

French shipping group CMA CGM said it has been working with a San Francisco-based startup on a project to embed artificial intelligence and advanced digital technologies aboard its containerships.The collaboration kicked off in the beginning of 2018 and includes the maritime focused tech startup Shone, which was founded by three French engineers in 2017 to introduce artificial intelligence such as is already found in cars on board ships.Through the partnership, Shone has gained…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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