rss icon Subscribe
desktop mobile

CargoMate Close Seed Investment Round

Image: CargoMate

Shailaja A. Lakshmi

Shipping technology startup CargoMate has closed a GBP 500,000 seed investment round. The investment allows the company to continue the development of their port call optimisation platform for container ships and expand the number of shipping companies they work with.

CargoMate, who have been piloting their technology with a major ship operator since December 2017, reduce turnaround time for container ships in port by providing real-time port productivity analytics to vessels and fleet management departments.
On closing the funding round, CargoMate CEO Chris Jones said; "Closing our seed round is a major milestone for the business, giving us the capital we need to continue to improve our product and begin partnering with container line operators to improve the efficiency of their fleet."
The CargoMate platform gives vessel operators full visibility of cargo operations and predicts the earliest time a ship can leave port. Because it is deployed to the ship, it doesn't rely on any terminal infrastructure so works in every port worldwide.
CargoMate Technologies is a seed stage shipping technology startup. Their groundbreaking platform accurately forecasts cargo completion time far in advance of current methods. This helps container ship operators anticipate delays, reduce turnaround time in port, save money on fuel and reduce their environmental impact. Available in every port worldwide, it offers unrivalled real-time port visibility and performance reporting.
Based in London, CargoMate is a fast growing team of maritime professionals and software engineers working to harness emerging technology to make ships more efficient and environmentally friendly.

Jul 1, 2018

 

Finance

Gulftainer Signs 50-year Lease for Port of Wilmington

Peter Richards, Group CEO of Gulftainer; Delaware Gov. John Carney; H.E. Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States; and Badr Jafar, Chairman of Gulftainer’s Executive Board, at the ceremony marking the Port of Wilmington concession agreement signing. Photo by Gulftainer

Gulftainer, the world’s largest privately-owned independent port operator and logistics company

Marine Insurance: Protect Your Yacht, Yourself

The Author, David Cunningham.

All my life, I grew up around boats. My dad was a captain for 23 years, and I would travel on his

Baltic Index Eases on Weaker Capesize Rates

© Anatoly Menzhiliy / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk

Logistics

Hapag-Lloyd Launches Optimised Mobile App

Image: Hapag-Lloyd

Beginning immediately, all Hapag-Lloyd customers can make use of the advantages offered by the

Maersk to Merge Damco, Ocean Product Units

(Photo: Eric Haun)

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product

Olmsted: Online & Open

A USACE rendering of the Olmsted lock area infrastructure (Credit: US GAO)

After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes

Maritime Apps