CargoMetrics “key” partner for Fednav
(Posted on 17/06/19)
Fednav Limited today announces that it has entered into a Development Services Agreement with CargoMetrics Technologies LLC, a maritime innovation company.
Under this agreement, the two companies will work in collaboration to build systems and tools to optimize Fednav's dry bulk fleet. Drawn from the CargoMetrics performance framework, data and signals used to inform chartering decisions will be generated, thereby providing a desired distribution of the Fednav fleet across sea routes.
Paul Pathy, President and CEO of Fednav Limited, remarked: "We are very excited to be partnering with CargoMetrics, who will be a major accelerator of our digital transformation and key contributor to our future success through data analytics and platform optimization."
Celebrating its 75th anniversary this year, Fednav Limited is privately owned and Canada's largest international bulk shipping company. Its fleet is comprised of more than 100 bulk carriers trading worldwide, 63 of these are owned. From offices on four continents, the company operates the largest fleet of Great Lakes-suitable oceangoing vessels, the largest fleet in the world of ice-class bulk carriers, and three ice-breaking cargo ships that service the Arctic twelve months a year. Additionally, the company operates 11 maritime terminals in North America.
CargoMetrics Technologies LLC delivers transformative quantitative investing and maritime shipping solutions, anchored in its proprietary platform that tracks all seaborne cargoes and vessels. Its evidence-based, systematic, and uncertainty-aware approach fuses satellite, port, ship, and other data to produce both micro and macro views of global supply and demand. The Company's team of scientists, engineers, and maritime specialists is based in Boston, MA, USA. www.fednav.com
Inmarsat, the world leader in global mobile satellite communications, is to introduce two new satellite... Read more
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has... Read more
The Council of the Singapore Shipping Association (SSA) - the industry voice of Singapore’s maritime... Read more
ESL Shipping is celebrating 70 years in business. This day 70 years ago, the contract was signed to... Read more
Mental health awareness should be made a core component of first aid seafarer training, according to... Read more
Last week at the Oshima Shipyard in Japan, Fednav Limited took delivery of the Federal St Laurent, its... Read more
From 1 July, after over 20 years as CEO, Camilla Grieg will take the position as Chair of the Board... Read more
As a direct response to the joint ownership and new collaboration between Seagull and Videotel, Seagull... Read more
Britannia P&I Club is hosting a one-day Members’ seminar in Piraeus on Thursday 27 June. The... Read more
IMO2020 is getting closer and the currently discussed approaches to meet IMO2020 requirements will generate... Read more