A £1.8 million Vessel Technology Assessment System (VTAS) project has been established in the UK, which aims to quantify the financial benefits of investing in fuel efficient technologies for existing and future vessels to assist in accelerating their deployment across the maritime industry.
BMT is set to lead a new £1.2 million research project funded by Innovate UK, the UK’s innovation agency, to address the challenge of how traditional manned vessels can co-exist with autonomous systems in shared water space.
The Sea Traffic Management (STM) project has received EU funding from the Interreg Central Baltic Programme to support a new programme called EfficientFlow, which will aim to improve traffic management in the ports of Rauma, Finland and Gävle, Sweden, as well as STM-enabled traffic flow management for large ferries that sail through the archipelago between Sweden and Finland.
Flat panel satellite antenna company Phasor reports that it has raised $16 million in new funding from a group of satellite communications mobility companies, financial investors and shareholders.
The New York Shipping Exchange (NYSHEX), creator of a digital forward freight contract system for container shipping, has raised US$13 million after completing a Series A round of funding, with Hapag-Lloyd and CMA-CGM among a group of investors also including GE Ventures and Goldman Sachs.
Globecomm Systems has announced that an investor group led by HPS Investment Partners and funds managed by Tennenbaum Capital Partners (TCP) have entered into a definitive agreement to acquire Globecomm from its current owner, New York-based private equity firm Wasserstein & Co.
The Maritime and Port Authority of Singapore (MPA) has launched its latest Smart Port Challenge (SPC 2017), building upon previous Smart Port Hackathons in 2014 and 2015 with the aim of encouraging collaboration between stakeholder organisations and tech start-ups to drive digital transformation in the maritime industry.
Rolls-Royce has announced the latest stage in its research and development plans to make remote and autonomous shipping a reality, confirming that Tekes – the Finnish Funding Agency for Innovation – has agreed to provide “a significant research grant” to fund further investment in an unmanned ship R&D centre in Turku, Finland.
Ocean freight benchmarking and market intelligence software platform Xeneta has raised $12 million in a Series B investment round led by London-based Smedvig Capital, and including a number of existing investors, with the financing to be used to fund expansion and product development.
The European Commission has granted €6.2 million in funding to the SHIPLYS (Ship Lifecycle Software Solutions) research project, a group of 12 maritime companies and research facilities from several European countries working to develop simulation and modelling tools to improve ship design and production.
Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.
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