Microsoft is supporting the development of artificial intelligence (AI) to improve fuel efficiency on ships with a US $11 million in Series A funding for Nautilus Labs.
Communications company OneWeb has secured $1.25 billion in new capital to accelerate the development of a global communications network by 2021.
Boston-based autonomous vessel technology company Sea Machines Robotics has closed a $10 million fundraising round, bringing the total funding raised by the company to $12.5 million.
Hapag-Lloyd has committed to making new investments in digitalisation and automation over the next five years, as it unveiled details of its new ‘Strategy 2023’ corporate plan.
Satellite-AIS data provider exactEarth is to gain CAD$7.2 million (approx. US$5.5m) in investment over three years from the Government of Canada, to support the development, management and expansion of exactView RT, the company’s real-time Satellite-AIS service.
The UK’s Maritime & Coastguard Agency (MCA) and Department for Transport (DfT), in collaboration with the National Oceanography Centre’s (NOC) Marine Robotics Innovation Centre, have successfully secured £1 million to fund research and development into autonomous and ‘smart’ shipping.
Thales Canada reports that it is investing more than $315,000 in a new research project with Virtual Marine of Newfoundland, to improve Virtual Marine’s embedded ship simulation systems.
The Lloyd’s Register Safety Accelerator has opened a call to find new innovations to improve safety of life and assets, with up to four start-up winners to receive trial funding for their systems under separate categories.
Wilhelmsen Ships Service reports that it has been selected to join a Singaporean government project to develop the future Unmanned Aircraft Systems (UAS) regulatory framework for the city-state, and will receive dedicated funding for its proposed shore-to-ship delivery system as part of the programme.
Kongsberg has agreed a £500 million deal to acquire Rolls-Royce Commercial Marine, buying the marine products, systems and aftermarket services operations put up for sale by Rolls-Royce after the UK company conducted a strategic review of its business at the beginning of the year and decided to narrow its focus to concentrate on the aerospace, defence and power systems markets.
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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