Cargill is an international producer and marketer of food, agricultural, financial, and industrial products, and services. Founded in 1865, Cargill privately held company employs 155,000 people in 70 countries. The company helps customers succeed through collaboration and innovation, and is committed to sharing our global knowledge and experience to help meet economic, environmental, and social challenges.  Customers turn to Cargill for company scientific expertise when they need to improve an existing product, improve process efficiencies, or find a solution to help them launch a first-to-market innovation. The company's goal is to use Cargill's research and development capabilities to create distinct value through new, improved products, innovative cost-cutting methods, or both. The company's global team includes more than 1,300 research, development, applications, technical services, and intellectual property specialists working in more than 200 locations. Together, they provide a spectrum of services encompassing technical service, applications, development, research, intellectual asset management, and scientific and regulatory affairs.

Cargill

PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid, and Tel Aviv.

PSG Equity

A.P. Møller Holding is the investment arm of the A.P. Møller Foundation.

A.P. Moller Holding

ZeroNorth

ZeroNorth is a clean tech company that is using data and digital platforms to support shipping’s decarbonisation. Their platform turns a wide array of existing vessel, market and environmental data into actions that ship owners and operators can make on vessel speed, route, and when, where and what to refuel. The impact of these actions is clearly displayed in terms of both its dollar and CO2.   Our platform therefore not only supports improved transparency, but also is a first step that owners and operators can take on their decarbonisation journeys, because we are generating very real cost savings and are easing our market’s transition into a sustainable mode of operating. We are scaling fast to bring more solutions to market that will support our customers on their digital, sustainability, transparency and impact journeys.

ZeroNorth is a Danish maritime technology company that provides software solutions to help the global shipping industry reduce carbon emissions and maintain commercial performance. The company's platform interconnects data into insights and actions, optimizing global trade for cargo owners, vessel owners, commercial operators, charterers, and bunker suppliers.

ZeroNorth and Spire Maritime partner to reduce emissions in shipping

ZeroNorth acquires Euronav platform

Boosting decarbonisation in shipping, ZeroNorth adds $50 million to its kitty

Reducing shipping carbon emissions with ZeroNorth

Bunker Platform Prosmar Becomes Part of Tech Company ZeroNorth

Danish CleanTech ZeroNorth Raises Over $50 Million Series B Round to Help Decarbonise Shipping

ZeroNorth: The next great data revolution in shipping

ZeroNorth Makes Consequential US Acquisition of Marine Fuel Optimization Platform ClearLynx

Copenhagen-based ZeroNorth scores over €49.6 million to fuel the transition to greener global trade

Voyage, Vessel & Bunker Optimisation

ZeroNorth raises over $50 million funding to accelerate shipping decarbonization

ZeroNorth Raises Over $50M in Series B Funding

Using autonomous, green, IoT, and digital technologies to shape the future of ocean-based transportation

Shipping Tech

Green Power: Soren Meyer still has big plans for optimisation platform ZeroNorth

Cargill has extended its partnership with ZeroNorth, a climate technology company, to make ZeroNorth its primary software provider for optimizing more than 600 vessels and voyages over a three-year contract.

Developers of technologies for ships that can decrease carbon footprint, reduce energy consumption, and increase efficiency (this excludes autonomous and remotely operated ships).

Cargill is collaborating with ZeroNorth to reduce CO2 emissions in the tramp shipping industry by using ZeroNorth's Optimise software, which will benefit vessel owners and operators.

ZeroNorth is a Danish maritime technology company that provides software solutions to help the global shipping industry reduce carbon emissions and maintain commercial performance. The company's platform interconnects data into insights and actions, optimizing global trade for cargo owners, vessel owners, commercial operators, charterers, and bunker suppliers.
ZeroNorth's Optimise software leverages vast amounts of marine data to recommend optimal vessel speed, refueling strategies, and routing, reducing fuel consumption and associated emissions. The platform offers a range of services, including voyage optimization, vessel optimization, and bunker optimization. In 2022, ZeroNorth prevented 443,780 tonnes of CO2 emissions through its optimization services.
In January 2024, ZeroNorth acquired Euronav's Fleet Automatic Statistics and Tracking (FAST) platform, which collects real-time data from vessels to improve collaboration and decision-making. The acquisition aimed to accelerate digitalization and sustainability in the maritime sector.
In November 2022, ZeroNorth acquired Prosmar Bunkering AS, an online platform supporting the bunker fuel market, to enhance transparency and drive decarbonization in the bunker industry. Earlier in January 2022, the company acquired ClearLynx, a marine fuel optimization platform, to offer a comprehensive solution for voyage, vessel, and bunker optimization.
Key customers and partnerships
ZeroNorth's acquisition of Euronav's FAST platform in January 2024 made Euronav a customer of its platform offerings, strengthening their partnership toward sustainable shipping.

Groke Technologies is a Finnish company established in October 2019 with the aim of becoming a leading provider of situational awareness systems and autonomous navigation solutions for the maritime industry. Its flagship product, Groke Pro, is a comprehensive situational awareness system that integrates data from various sources such as cameras, GPS, radar, and AIS messages. The system uses machine vision and machine learning to detect and classify vessels, even those without AIS, in both day and night conditions. Groke Pro's unique blending feature combines images from day and thermal imaging cameras, providing a clear view of the vessel's surroundings even in low-visibility situations.
The system continuously records, collects, and annotates data, enabling the machine learning models to enhance its capabilities for detecting objects of interest in challenging environments with increasing accuracy. Groke Pro offers tools such as risk analysis, intuitive risk compass, closest point of approach alarms, and relative velocity tracking to support decision-making. In March 2024, Groke Technologies partnered with BAR Technologies to develop situational awareness systems for BAR's WindWings wind propulsion technology, installed on the Pyxis Ocean bulk carrier.

Groke Technologies

Sea Machines Robotics is a pioneering company that develops autonomous command and control systems, as well as advanced perception technology for the maritime industry. Their flagship product, the SM300 Autonomous Command and Control System, enables vessels to seamlessly transition between unmanned autonomous mode and human manual navigation. It employs cutting-edge technologies like artificial intelligence, computer vision, and sensor fusion to facilitate precise control over vessel position, steering, speed, route planning, obstacle avoidance, and data collection during voyages.
In April 2024, Sea Machines unveiled SELKIE, an unmanned surface vessel (USV) designed for various applications such as hydrographic surveys, offshore asset inspections, environmental studies, and security missions. The SELKIE 7, a 7-meter HDPE hull vessel powered by the SM300 system, boasts impressive range and endurance capabilities, with a capacity of up to 500 nautical miles and 15 days of operation. Its robust autonomous functions, intuitive user interface, and survey-ready features, including sonar mounts and payload deployment capabilities, make it a versatile and efficient solution for marine operations.
Sea Machines' technology has demonstrated its potential in groundbreaking achievements. In October 2021, the autonomous tug Nellie Bly, equipped with the SM300 system, successfully completed the world's first 1,000-plus-nautical-mile autonomous and remotely commanded voyage of a commercial vessel at sea, covering 96.9% of the journey in fully autonomous mode.
The company's innovations have garnered significant interest and investments. In February 2024, Sea Machines secured a USD 12 million funding round led by Emerald Technology Ventures and other prominent investors, enabling further technological advancements and market expansion. Additionally, Sea Machines has collaborated with the US Coast Guard (USCG) to evaluate and refine its computer vision technology for maritime domain awareness, collision avoidance, and target detection on USCG vessels.

Sea Machines Robotics

Orca AI is an Israeli startup that offers an AI-powered, real-time navigation safety platform for the maritime industry. The company's technology combines computer vision, deep learning, and existing onboard sensors to enhance situational awareness for crews, reduce sensory overload, and enable better navigation decisions. Orca AI's system processes visual information during navigation, mimicking and enhancing human watchkeeping capabilities. By detecting and alerting crews to high-risk marine targets, the platform optimizes operations to avoid unnecessary maneuvers and speed drops, leading to reduced fuel consumption and emissions.
In 2023, Orca AI's technology resulted in an average fuel cost reduction of USD 100,000 to USD 300,000 per vessel per year (3-5% improvement) and a significant CO2 reduction of 172,716 tons. The system has been installed on hundreds of merchant ships, including vessels from major companies like MSC, Seaspan, Maran Tankers, TMS Cardiff Gas, ENESEL, and Latsco.
In February 2022, Orca AI achieved a historic milestone by powering the world's first autonomous commercial voyage in congested waters in partnership with NYK and the Nippon Foundation. The autonomous vessel completed a 40-hour journey, performing 107 maneuvers to avoid colliding with 400-500 vessels while operating autonomously 98% of the time.
Key customers and partnerships
Orca AI works with global shipping companies, including MSC, NYK, Maersk, and Seaspan, among others. The company has also entered into partnerships with industry leaders like NYK in Japan to develop automated watchkeeping capabilities, potentially reducing the manning of ship bridges under specific conditions.
In 2023, Orca AI announced a partnership with Marubeni Corporation for sales of its AI-powered situational awareness platform, particularly in Southeast Asia and Japan.

Orca AI

Buffalo Automation is a pioneering company that has developed cutting-edge technologies for the maritime industry. Their flagship product, Automate, is a predictive boat navigation system that utilizes artificial intelligence (AI), neural networks, and thermal imaging to detect obstructions and safety hazards, providing critical warnings and assistance to safely navigate around them. Automate has already been adopted by multiple commercial ships operating on the US Great Lakes.
The company has also developed Pegasus, a comprehensive navigation and safety system designed for smaller recreational boats. While compatible with today's gas-powered engines, Pegasus technology has been adapted to create Greycraft, an innovative product line that combines electrification, renewable energy, and modular design.
Greycraft is the world's first solar-powered, autonomous vessel capable of carrying passengers and traversing busy waterways. Its modular design allows for easy transportation and assembly, eliminating the need for trailers. Greycraft's vessels are designed to operate on the water for several years without maintenance, powered primarily by solar panels with battery backup.
In December 2020, Buffalo Automation successfully demonstrated the Greycraft concept in Knoxville, Tennessee, with plans for a fully operational launch of the Greycraft Water Taxi service in early 2021, initially offered free of charge to residents.

Buffalo Automation

Ladar Limited is a maritime technology company that designs, develops, and deploys laser and computer vision-based solutions for the maritime and offshore industry. The company's flagship product is the Ladar Sensor Suite, a smart system that enables real-time, highly accurate surveillance of the ocean surface layer and water column. This system utilizes sensor-based data and artificial intelligence to fuse data aggregation systems into a comprehensive decision support system, available 24/7. The Ladar Sensor Suite prioritizes the safety of crew, passengers, vessels, and cargo by presenting a visual consolidation of feeds for swift decision-making.
One of Ladar's key innovations is the PlasticDetect system, which offers an end-to-end solution for real-time detection, classification, and tracking of marine plastic pollution. This system comprises a unique multispectral, internally developed and patented laser-based maritime lidar sensor (Ladar Sensor Suite), visual and thermal sensors, and computer vision with AI and machine learning. It is complemented by a web portal data service.
Ladar's technology aims to transform the global maritime transport industry through the adoption of automated ship collision avoidance and (semi-) submerged target detection technologies. The company's solutions address the industry's needs for increased ship safety and collision avoidance, as well as the demands of the emerging unmanned and autonomous vessel technologies market. Ladar's systems are designed to meet regulatory compliance standards, protect the environment, and explore the digitalized and automated future of maritime operations.

Ladar Ltd

Software solutions that streamline the transportation process, including ocean-based shipping, from booking and tracking shipments to managing customs compliance and invoicing.

Technologies that improve the efficiency and productivity of ports and terminals, such as automated container handling systems, real-time monitoring of cargo and vessel movements, predictive maintenance systems, and port automation systems.

Unmanned (either autonomous or remotely-operated) vessels that use AI and ML to navigate and perform various tasks, including cargo and passenger transport. Technology also includes systems that assist navigation by providing technologies such as collision avoidance and advanced perception.

Data analytics, sensors, and IoT devices that collect data on cargo, vessel, and environmental conditions to optimize shipping routes, reduce fuel consumption, and improve safety. These software solutions may use data analytics and predictive modeling to optimize shipping operations.

Data analytics and sensor technologies and automated solutions broadly falls under Industry 4.0

Data analytics and sensor technologies segment uses IoT

Green ships promote sustainable operations

Smart ports improve the efficiency and productivity of ports and terminals, facilitating smart cities

Autonomous ships sometimes use robotic solutions

Some companies use AI/ML tech for autonomous navigation

ZeroNorth

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