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Western Bulk has signed up with Norwegian online market intelligence start-up Oceanbolt to gather greater market insight and knowledge across its chartering, operations, and analytics teams.

Oceanbolt provides real-time insights into trade flows, tonnage flow, fleet speed, dry-docking and congestion. The insights available in the platform are based on analysing AIS data in real-time, and utilising geospatial analytics algorithms in combination with a comprehensive polygon database.

Western Bulk stated in a press release that Oceanbolt's primary focus on minor dry bulk, cloud based systems with open APIs and combined with a shared desire to extract the full value of data in the shipping industry, made the start-up a natural partner selection for the shipping company.

Oceanbolt published the following statement on the partnership:  

"We are very excited to announce that Western Bulk, a leading global dry bulk operator, has joined the Oceanbolt Data Platform to leverage our real-time insights into the dry bulk market. Western Bulk joins our platform as a data partner and will provide valuable domain expertise and data which will allow us to train and further improve the accuracy of our historical and predictive algorithms.

“With Western Bulk’s focus on business intelligence, cloud infrastructure and open APIs, we are proud to become partners with a front-runner in data-driven shipping operations. Western Bulk will leverage Oceanbolt’s Data API and web-based Analytics Dashboard to further strengthen the analytical efforts of their in-house data scientists and analysts and to aid the commercial and operational understanding of the chartering and operations teams.”

The partnership commenced on May 1, 2020 and marks a milestone for Oceanbolt in its quest for participating to create a digital and data-driven shipping industry. 

Thursday, 14 May 2020 10:29

Startup Wharf launches new website

Startup Wharf has launched a new website, providing content for the maritime start-up ecosystem and resources for start-ups, maritime companies, and investors.  

Oceanis, the Hamburg-based digital ship finance platform, has been selected as one of ten international startups to join Plug and Play's ‘Fintech Europe’ program.

digital twin may 4

A virtual environment based on a digital twin of a crude oil tanker developed by Kanda to simulate a Lock Out Tag Out safety procedure. Image courtesy of Kanda. 

The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), have announced that 12 start-ups from Port Innovation Ecosystem Reimagined @ BLOCK71 (PIER71)’s Smart Port Challenge (SPC) 2019 have each been awarded S$50,000 in grant funding from MPA. The funding will enable the start-ups to conduct prototype development and test-bed their near market-ready solutions.

Start ups report apr 23 rsz

‘A quiet revolution - the maritime innovation ecosystem in Japan’, is a new report that explores the commitments to Internet of Things (IoT)-based ship and crew management already made by corporate Japan and offers unique insights into the country’s emerging start-up culture.

Inmarsat has become a founding member of Asia’s first ‘Decarbonising Shipping’ initiative to harness the power of start-ups to meet UN targets on greenhouse gas emissions, which launched earlier this month.

Tuesday, 17 September 2019 07:53

Thetius launches technology discovery platform

Maritime innovation consultancy Thetius has launched a new business intelligence platform for the maritime industry.

A new study commissioned by the Inmarsat Research Programme and conducted by PUBLIC shows the key role start-ups and connectivity will play in driving maritime industries along the road to digitalisation.

Danish shipping giant Maersk has launched its second cohort of start-ups under its OceanPro programme that aims to boost innovation and help strengthen its digital agenda.

Inmarsat has joined forces with two start-up programmes including Rainmaking’s Trade and Transport Impact (T&TI) and Bluetech Accelerator. The purpose is to create initiatives that directly support start-ups focused on IoT and big data innovation for improved safety, efficiency and sustainability in the maritime, ports and logistics supply chain.

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