Inmarsat has unveiled plans for its communications network, Orchestra, that will bring together existing geosynchronous (GEO) satellites with low earth orbit satellites (LEO) and terrestrial 5G into an integrated, high-performance solution.
DeepSea Technologies has secured EUR 5 million in fresh funding from existing and new investors to further pursue technological and product research, design, and development around shipping’s digitalisation and decarbonisation.
Iridium Communications has made a strategic investment in DDK Positioning, a Scotland-based provider of enhanced Global Navigation Satellite System (GNSS) accuracy solutions.
Pole Star Space Applications has received a significant growth investment to accelerate hiring scale sales and expand product development.
ZIM Integrated Shipping Services and Israeli entrepreneurs and investor Marius Nacht have announced a joint investment in a Series B Financing round of WAVE BL, a developer of blockchain network supporting paperless trade in the shipping industry.
Hamburg-based start-up NautilusLog has closed a €1 million seed financing round. In addition to lead investor NBank Capital, various business angels have invested in the Digital Logbook. Lower Saxony's port cities are also set to benefit from this investment with a further branch in Lower Saxony NautilusLog already being planned.
Speedcast is set to emerge from Chapter 11 with a new USD $500 million equity investment from Centerbridge. The funding will be used in part to repay all of its USD $285 million debtor-in-possession financing, as well as a permanent reduction of all of the USD $634 million senior secured debt of the Company.
Boston-based Sea Machines Robotics, a developer of autonomous systems for ocean-going vessels has accomplished its full $20M investment goal with a second close of $5M. The company announced the first close of $15M in July.
GateHouse Igniter has invested in software start-up CleanQuote, which supplies a digital platform to facilitate communication between dry bulk shipping companies and hold cleaning suppliers.
KONGSBERG has announced plans to increase investment into maritime digital solutions, while focussing on building strong partnerships and combining Kongsberg Digital’s two maritime divisions into one brand: Digital Ocean.
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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