IMC Ventures, a Singapore-based venture capital entity of IMC Group that is focused on investments in the maritime and supply chain industries, has participated in the seed investment round of BeeX to operationalise marine autonomy for shallow waters.
MOL PLUS, Signal Ventures, and IMC Ventures have joined Singapore-based Motion Ventures corporate consortium USD 30M investment fund.
Hanwha, the South Korean Fortune 500 global technology and manufacturing company has announced a US $300m equity investment by Hanwha Systems in OneWeb.
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.
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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