Zencargo raises $42M to expand internationally

Zencargo, a U.K.-based digital logistics company, announced on Monday that it has raised $42 million in a Series B round led by Digital+ Partners with participation from existing investor HV Capital. The company has raised a total of $66.4 million since 2017.

“This marks an exciting next step for Zencargo,” a statement by co-founder and CEO Alex Hersham and co-founder and COO Richard Fattal on the company’s website said. “With this investment, we’re able to add even greater resources to the...

https://www.freightwaves.com/news/zencargo-raises-42m-to-expand-internationally

Loadsmart uses optimization tool to reduce customers’ carbon footprint

Loadsmart, a digital freight technology company based in Chicago, has announced its mode optimization capability that allows customers to choose different transportation modes for their shipments with real-time bookable rates.

Based on data analytics, the company’s platform is designed to provide the most cost-effective and environmentally sustainable mode for shipments based on custom requirements set by their customers.

FreightWaves discussed the new solution and how customers can reduce their...

https://www.freightwaves.com/news/loadsmart-uses-optimization-tool-to-reduce-customers-carbon-footprint

How can trucks reduce fuel consumption?

A common theme for driving down greenhouse gas (GHG) emissions from vehicles has been centered around a common narrative: switching to electric vehicles. Unfortunately, making this switch does not eliminate all emissions, as a majority of the leftover GHG emitted comes from the production of electricity to fuel the vehicle.

The investment in one of these vehicles can range up to $150,000 to $180,000, something that may be difficult for smaller owner-operators to afford.

Fortunately, there are...

https://www.freightwaves.com/news/how-can-trucks-reduce-fuel-consumption

Optimizing your work assets — #WithSONAR (with video)

kunal dovedy with SONAR 11-25

From workflow automation to operations expansion, learn where your business can improve

#WithSONAR with Luke Falasca and Kyle Taylor

Ahead of the Thanksgiving holiday, Kyle Taylor and Luke Falasca take a look at improvements you can make to your business to optimize your workflow. 

They first discuss the high expectations for the holiday season and the continuation of massive deals before Black Friday. 

They also break down Thanksgiving food: Is it overrated?

Today’s guest is Kunal Dovedy, head of...

https://www.freightwaves.com/news/optimizing-your-work-assets-withsonar-with-video

Gasum teams up with Deltamarin and Wärtsilä for ship optimization

Gasum teamed up with ship design company Deltamarin and Wärtsilä, a leader in maritime technologies, for cleaner maritime transport, following the global sustainability goals for a greener shipping.

The global sustainability goals call the shipping industry to reduce sulphur emissions, according to the 2020 sulphur cap regulation issued by the International Maritime Organization (IMO), which came into force in January 1, 2020.

In addition, the IMO ambitious GHG strategy calls for massive emission...

https://safety4sea.com/gasum-teams-up-with-deltamarin-and-wartsila-for-ship-optimization/

PGS partners with Cognite for digitalization project

Cognite collaborates with Petroleum Geo-Services (PGS) on a digitalization project, to optimize the performance of its fleet, the energy consumption, as well as the maintenance.

To improve data driven insights and efficiency, the two partners launched two digitalization work streams aimed to strengthen PGS’s fleet performance. These include refining approaches to optimize fuel consumption and reduce the cost of maintenance by actively monitoring equipment via contextualized data.

The two projects...

https://safety4sea.com/pgs-partners-with-cognite-for-digitalization-project/

New digital business with the aim to optimize vessels’ earnings

According to a recent statement, Maersk Tankers is launching a new standalone digital business with the aim to reduce CO2 emissions and optimize vessels’ earnings across the industry, in an acceleration of its digital strategy. The new standalone digital business was launched on Tuesday, January 7, 2020.

The business will develop and sell the software product SimBunker to vessel owners and managers in the industry with the aim to help them use their vessels more efficiently and further reducing...

https://safety4sea.com/new-digital-business-with-the-aim-to-optimize-vessels-earnings/

Interview With A Maritime Hedge Fund Manager

According to an article by alibrashipping, it features an interview with the manager of a maritime hedge fund to discuss his views on finance in shipping markets.

What are today’s smart investment opportunities?

Greener fuels, optimization and automation of the logistics chain (artificial intelligence) and autonomous ships are great R&D investments for larger shipping companies that can afford them, however, there are significant financial barriers for smaller entities.

Are banks willing to invest...

http://mfame.guru/interview-with-a-maritime-hedge-fund-manager/