According to the Shiptech 2020 report, over $1bn was invested in technology companies working in the maritime sector in 2019.
The Shiptech 2020 report, published by technology research and innovation consultancy Thetius, found that 2019 was a record year for venture capital investment in the maritime sector. However, the headline figure is distorted by the massive $1bn investment in Flexport, led by Softbank’s Vision Fund. If Flexport’s contribution is removed from the figures, venture funding in the industry actually declined by 24%, from $190m in 2018 to $144m in 2019. Overall, 8% fewer deals were made through the year compared with 2018, though the average size of deals has increased by 18% Continue reading “Shiptech 2020 report reveals the scale of venture funding invested in maritime last year”
Boyan Slat, CEO of The 
From 31 December 2020 non-EU vessels calling at EU ports must carry an authorized Inventory of Hazardous Materials (IHM) and Statement of Compliance (SoC). The European Union (EU) Ship Recycling Regulation (EUSRR) is aimed at ensuring that ships, when being recycled, do not pose any unnecessary risk to human health and safety, or to the environment, and to ensure the proper management of hazardous materials on board ships throughout their lifecycle. The EUSRR is an early implementation of the International Maritime Organization’s (IMO’s) Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (the “Hong Kong Convention”), which has yet to meet the criteria for its entry into force.
The National Transportation Safety Board (NTSB) has released a Marine Accident Brief about the fire on the offshore supply vessel Grand Sun, noting that substantial use of combustible wood paneling and drapery contributed to the extent of the fire.
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