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.
An IMO project which aims to establish a global network of Maritime Technology Cooperation Centres (MTCCs) in developing countries is to go ahead, thanks to a €10 million funding contribution from the European Commission (EC).
A software company in the UK which has developed an application to more accurately predict sea levels, with the aim of reducing shipping costs, has received £200,000 in investment to bring its product to market.
O3b Networks has announced that it has closed $460 million in financing to support the company’s growth and to assist in expanding the total number of satellites in O3b’s constellation from twelve to twenty.
Kontainers, an online booking platform for ocean freight, reports that it has raised $1.3 million through a seed round of funding led by London-based EC1 Capital, with participation from Northstar Ventures and Partech Ventures.
Carbon War Room (CWR), a non-profit organisation backed by Virgin boss Richard Branson, reports that it is to make grants up to US$200,000 to finance shipowners or charterers in retrofitting a single vessel with a bundle of technologies, with the aim of creating a minimum fuel saving of 10–15 per cent.
COM DEV International has announced that the proposed initial public offering of its subsidiary satellite-AIS company exactEarth is being postponed.
Broadband Satellite Services Ltd (BSS), parent company of Satcom Global and AND Group, has received a $10 million investment from UK-based organisation, Business Growth Fund (BGF).
Global satellite broadband start-up OneWeb has announced that it has raised $500 million in funding from a group of international companies, including Intelsat, Coca-Cola and previously announced partner Airbus.
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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