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INMARSAT TAKES PART IN ASIAN DECARBONISING SHIPPING PROGRAMME

Tuesday, March 31, 2020 

Global mobile satellite communications company Inmarsat says it is a founding member of Asia’s first ‘Decarbonising Shipping’ initiative to harness the power of start-ups to meet UN targets on greenhouse gas emissions, which launched earlier this month.

The regional initiative, based in Singapore, is part of the Trade & Transport Impact (TTI) programme from venture development firm Rainmaking to bring startups together with backers with maritime experience and expertise. Inmarsat joined the first two cycles of TTI, held in Europe in 2019, which scouted 1,200+ start-ups and led to 24 collaboration projects.

Backed by the Maritime and Port Authority of Singapore, the new initiative is expected to identify 1,000+ projects offering models to tackle decarbonisation, with selected start-ups to be matched with maritime industry leaders willing to build collaborative pilot projects. Alongside Inmarsat, other confirmed partners include Cargill, DNV GL, Hafnia, MC Shipping, Vale and Wilhelmsen.

“This is a list of organisations whose significance for the maritime industry speaks for itself,” said Ronald Spithout, President, Inmarsat Maritime. “Shipping and its customers are demanding solutions and technology to address the decarbonisation targets set by regulators and this is where startups and market disruptors come in.”

Michael Pomerleau, Partner and Investor at Rainmaking, said: “In tackling the decarbonisation agenda, we will bring together disruptive start-ups and entrepreneurs with the scale, capability and reach of global industry giants, in order to create game-changing collaborations. Through these partnerships, we aim to test and validate thousands of solutions with exponential impact and scale them on within an extremely short horizon during the programme.”

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