Shipping

As Iran-backed groups attack Red Sea ships, investors are backing startups assisting global cargo

Multiple shocks to global supply chains brought about first by the pandemic and more recently by Iran-backed Houthis targeting cargo ships in the Red Sea have shown there’s a need for greater resili

Overhaul, which taps AI to secure physical supply chains, raises $73M in equity and debt

Businesses dependent on the physical supply chain face a number of potential roadblocks. Customers expect fast deliveries with visibility into each step, but costs — including transportation and

Maritime giant DNV says 1,000 ships affected by ransomware attack

DNV, a Norwegian shipping classification society, has confirmed its systems were hit by a ransomware attack, affecting around 1,000 ships that rely on its technology. The Oslo-based DNV said in a stat

Locad lands Series A to expand its “logistics engine” across Southeast Asia and Australia

When Constantin Robertz was working at Zalora, he was involved in moving warehouses six times as the e-commerce company outgrew its logistics infrastructure. This inspired him to co-found Locad, a log

Maergo raises $20M to provide Amazon-style fast and cheap air and ‘middle mile’ services to online retailers

With the holiday shopping season well underway and showing signs that it might not be as sluggish as some predicted, a startup out of Austin, Texas, is announcing funding to build out a new approach t

Harbor Lab secures €6.1M to make shipping dock more easily and cheaply

When a ship goes into a commercial port, there are lots of port call-related costs. These are called things like “disbursements” and “port call expenses.” They can include port

Former ButcherBox execs leverage meat shipment expertise into new D2C startup

Grip is trying to solve the challenge of shipping perishable items, reducing the damage rate and improving margins, all while navigating constantly-changing conditions. 

Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless

From healthcare to manufacturing, traditional industries have been getting a digital makeover over the past decade. But some sectors have been left behind. Maritime shipping, argued Fabian Fussek, CEO

1MRobotics emerges from stealth with $25M for ‘nano-fulfillment’ centers

As evidenced by recent layoffs and scaled-back expansions, on-demand delivery is a challenging space. Brands, retailers and operators push to deliver with maximum efficiency, a strategy that’s l

Denim, a fintech platform for freight brokers, raises $126M in equity and debt

Denim, the fintech platform for freight and logistics formerly known as Axle Payments, today announced that it raised $126 million in a Series B funding round led by Pelion Venture Partners with parti

Nyshex lands a fresh $25M to match shippers with ocean carriers

The New York Shipping Exchange (Nyshex), a platform that connects shippers with ocean carriers, today announced that it raised $25 million in a Series B funding round led by Collate Capital with parti

Shipmates makes order fulfillment less tedious for the Philippines’ online sellers

The Philippines’ e-commerce market now has a gross merchandise volume of $12 billion, a 132% increase from 2020, and is expected to reach $26 billion in GMV by 2025. This obviously is good news for

Smart mug maker Ember just spun out a life sciences company

Ember’s first decade has been a journey. The Southern Californian startup first hit our (and most folks’) radar as a mug company. The company captured a fair bit of press attention with its high-e

Fleetzero begins its search for the first giant ship to convert to battery power

Fleetzero has an ambitious goal: to compete with global shipping companies with its own boats, powered entirely by electricity. The company just secured $15.5 million in new funding and is looking for

Onfleet nabs $23M to further develop its last-mile delivery software

The importance of last-mile delivery (the movement of goods from a shipping hub to their final destination) came into sharp focus during the pandemic. Statista projects that e-commerce will drive the

Seadronix aims to reduce marine accidents at port and sea with AI

South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a

Shopify acquires shipping logistics startup Deliverr for $2.1B

Shopify today announced that it will acquire Deliverr, a San Francisco, California-based e-commerce fulfillment startup, for $2.1 billion in cash and stock. The deal, rumors of which were reported in

FedEx app’s test appears to show the ability to track deliveries from other services

FedEx has been working on a new feature for its consumer mobile app that would seemingly allow it to better compete with the popular Shop app by Shopify. One of the bigger selling points for Shopify&#

Fleetzero looks to capsize the shipping world with electric vessels serving forgotten ports

We’ve been shipping things across the oceans for centuries, and the world’s supply chains increasingly rely on diesel-powered megaships big enough to block entire channels by themselves. H

Maritime intelligence platform Greywing raises seed funding from investors like Flexport

Founded in 2019, Singapore-based Greywing was created to help ship operators and other members of the maritime industry make critical decisions. It includes tools for crew change management, predictiv
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