Funding

FERRIES 2024: Green funding access for ferry operators

Going green isn’t always inexpensive, but there are strategies to help ferry operators manage the costs. To provide valuable insights on accessing green funding, Kristen Kissinger, Marine Transit Planning Team Lead, Project Manager, and Planner at KPFF Consulting Engineers, will be speaking at Marine Log’s FERRIES 2024 conference. The event will take place on October 29-30 in Seattle.

Kissinger will discuss funding opportunities for decarbonization and alternative energy projects and offer...

https://www.marinelog.com/passenger/ferries/ferries-2024-green-funding-access-for-ferry-operators/

TruckSmarter’s financial services secure $50M debt facility

Digital trucking platform TruckSmarter announced Monday that it has closed a $50 million debt facility with CoVenture to grow the company’s services, including an option to extend the facility to $100 million. The San Francisco-based company last raised $25 million in 2022.

“Amid challenges for the trucking industry over the past several years, TruckSmarter has demonstrated how technological innovation and its commitment to drivers is pivotal when developing a disruptive solution that addresses...

https://www.freightwaves.com/news/trucksmarters-financial-services-secure-50m-debt-facility

UK’s zero-emission shipping projects get £80mln financial support

The UK Government has revealed the winners of the Zero Emission Vessel and Infrastructure fund (ZEVI), supporting economic growth and boosting the UK’s decarbonisation efforts with £80 million investment.

The post UK’s zero-emission shipping projects get £80mln financial support appeared first on Off...

https://www.offshore-energy.biz/uks-zero-emission-shipping-projects-get-80mln-financial-support/

Transfix looks to raise Series F with 60% devaluation, source suggests

The weak freight market has taken its toll on FreightTech valuations.

FreightWaves late Monday obtained a release showing digital freight marketplace Transfix is looking to raise a $50 million Series F at a $376 million valuation, a 60% reduction from the $940 million the New York City-based company was valued at in its last funding round in March 2020. A source attributed the valuation drop to “largely market forces.”

Transfix reportedly has secured $30 million in financing from New Enterprise...

https://www.freightwaves.com/news/transfix-looks-to-raise-series-f-with-60-devaluation-source-suggests

Zero-Carbon Fuel Shipping Movers Ahead: How They Work

Credit: Tom Fisk/Pexels

Current trends in shipyard activities, government, ports, funding, and industry participants, as well as fuel transition as reported by Breakwaveadvisors.

MOU for ammonia as a fuel

Maritime industry giants are ready to explore ammonia as green fuel for U.S. East Coast.

Namely, A.P. Moller – Maersk, American Bureau of Shipping, Fleet Management Limited, Georgia Ports Authority, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Savage Services, Sumitomo Corporation, and...

https://mfame.guru/zero-carbon-fuel-shipping-movers-ahead-how-they-work/

Norsepower nets €28M in funding to boost production of rotor sails

Finnish cleantech company Norsepower Oy has secured €28 million in its latest funding round to scale up production and expand the reach of its fuel-saving and emissions-reducing technology, rotor sails.

The post Norsepower nets €28M in funding to boost production of rotor sails appeared first on Off...

https://www.offshore-energy.biz/norsepower-nets-e28m-in-funding-to-boost-production-of-rotor-sails/

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