05 December 2023
A new technology venture lab launched by Lomar to catalyze the deployment of deep-tech solutions to solve the maritime industry’s biggest challenges.
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Leading shipowner and manager Lomar today launches a venture to collaborate with deep-tech startups.
Particularly, lomarlabs will join forces with ambitious entrepreneurs to catalyze the deployment of solutions that address some of the industry’s biggest challenges, including the objective of net-zero emissions.
Note that, lomarlabs technology venture is led by the former Lomar Technical Director Stylianos Papageorgiou, who has been appointed its Managing Director.
The maritime industry will expectedly invest $931 million in artificial intelligence (AI) solutions in 2022. This is according to a recent report, published by Lloyd’s Register in cooperation with Thetius.
“One of the biggest challenges that maritime technology companies face is access to the physical infrastructure of vessels and shipyards, to test and fine-tune their creative innovations. The maritime assets of Lomar and our wider Libra Group means we can provide that infrastructure, experience and expertise to help shape solutions that will make a real difference.”
“We understand that each step we take in the maritime industry – every action or inaction – is now tethered to a planetary and human urgency. We bear that responsibility. We are establishing lomarlabs to help resolve some of our industry’s greatest challenges, none more so than committing to a greener policy for the future and aiding in the decarbonisation of our industry.”Nicholas Georgiou, CEO, Lomar Shipping
The Lomar CEO explained that they see significant scientific advances and high-tech engineering innovations coming at a speed never experienced before. Therefore, the technology venture lomarlabs is here to catalyze the deployment of deep technologies into everyday shipping operations.
“We add value to start-ups and established tech companies in various ways, including making our fleet of Lomar vessels available as floating labs, testing and validating business model assumptions and providing the catalytic funding a company may need to test their solution or overcome a marketing hurdle.”Nicholas Georgiou, CEO, Lomar Shipping
Moreover, the company advised that it is already exercising initiatives that focus on energy efficiency, alternative fuels & electrification, low-carbon economy, and autonomous shipping.
Their portfolio pursues three themes;
- Safety & Security
- The Future of Work
Currently looking at innovations addressing energy efficiency, fuel transition, carbon capture & removal, and automation.
“We are excited to soon announce the projects we’ve been working on over the past few months.”Nicholas Georgiou, CEO, Lomar Shipping
This venture lab is said to share information over the coming weeks that reflects the company’s investment in the deep-tech and maritime technology space.
To remind, last month, the firm revealed it has secured a $27.5 million credit facility from Australian financial services firm Macquarie Group to refinance two vessels in its diverse fleet.
The Montreal Port Authority (MPA) and Global Spatial Technology Solutions (GSTS), announced the launch of a new project to measure and reduce the carbon footprint of vessels using artificial intelligence – AI technology.
The Green Shipping Corridor capability enables vessels to establish an initially low and ultimately zero-carbon emissions route while matching their arrival with berth availability and maintaining compliance.
The Montreal Port Authority (MPA) and GSTS, launched a new project to measure and reduce the carbon footprint of vessels using AI Technology.