Nautilus Labs has secured USD 11 million in Series A funding led by M12, Microsoft’s venture fund, along with Root Ventures. Existing and new investors including Quiet Capital, Trail Mix, and Amplifier Lab participated in the round, which brings Nautilus’ total funding raised to USD 14.5 million.
Japanese MOL announced that it has joined forces with Mitsui E&S Shipbuilding Co., Ltd. and Weathernews Inc. to launch the Fleet Optimal Control Unified System (FOCUS), a project that will gather and apply ship operation data to ensure safer, more environmentally friendly ocean transport.
Stena Line announced that it will conduct a pilot study in which artificial intelligence will be implemented on board. The new AI technology will be added onboard ‘Stena Scandinavica’. The model will present the most fuel efficient way of operating a vessel on a particular route.
MOL has concluded a technology consulting agreement with Professor Tomoharu Nagao of the Yokohama National University Graduate School of Environment and Information Sciences, who is the creator of the next-generation AI advanced machine learning and the percolative learning method.
French CMA CGM announced collaboration, since the beginning of the year, with San Francisco-based startup company Shone, specializing in the use of artificial intelligence for maritime transportation. The collaboration enables Shone to finalize the development of artificial intelligence systems onboard container ships.
JRCS, a Japanese maritime services company, and Microsoft launched an ambitious plan to digitally transform the global shipping industry. JRCS will use Mixed Reality, the Internet of Things, and AI to train shipping crews, maintain ships, and improve navigational safety standards.
UK-based University of Aberdeen, WFS Technologies, and OGIC launched a joint technology project to design and construct the world’s first ExtremeEdge OLM (On-line Monitoring) system for offshore subsea and platform structures. The cooperation seeks to deliver the first generation of real time fatigue monitoring system driven by AI.
Aberdeen’s Oil & Gas Innovation Centre has invested £300,000 in three new projects, which aim to improve efficiency and reduce costs in the oil and gas industry. The projects include an Intelligent Hydrate Tool, a new remote monitoring and analytics system and a flow control device to identify changes in fluids.
Amendments related to the IBC Code23/08/2019
Key requirements from the BCH Code amendments23/08/2019
- Loss Prevention
Lessons learned from fire due to faulty mobile phone charger23/08/2019
Pointe-Noire terminal in Sept-Îles to improve its infrastructure23/08/2019
Port of Vancouver to strengthen resilience to climate change23/08/2019
Port of Hamilton's capacity to increase23/08/2019
Canada fines vessel for breaching speed restriction in Gulf of St. Lawrence23/08/2019
Watch: Vopak Terminal Botlek well underway23/08/2019
JAXPORT records its best ever July for container volumes23/08/2019
Two new dual-fueled tankers using methanol join the Methanol Institute23/08/2019