Shipping’s Largest Conglomerates are Backing Everimpact to Bring the Only Hardware to Measure Real Carbon Emissions Onboard Vessels

Shipping’s Largest Conglomerates are Backing Everimpact to Bring the Only Hardware to Measure Real Carbon Emissions Onboard Vessels

A two-pronged consortium strategy via (1.) an engineering collaboration led by Wilhelmsen and Mitsubishi Corporation and (2.) a fresh US$1.6M seed will see eight industry leaders backing the startup

28 APRIL 2022 – More than eight maritime and supply chain leaders are coming together via (1.) an engineering collaboration and (2.) US1.6M seed round to bring Everimpact’s carbon measuring hardware onboard commercial vessels and to ports.

“Accelerating the engineering of Everimpact’s hardware to measure physical carbon emissions on vessels will solve one of the shipping’s most overdue challenges. Complexities – like cost of hardware, extreme temperatures in exhaust stacks and weather conditions – have prevented others from cracking the code but by joining hands with maritime’s most influential through our engineering collaboration and seed raise, we really have the best opportunity to see market adoption,” said Mathieu Carlier, Founder and CEO, Everimpact.

The two-pronged engineering collaboration and capital consortium approach was structured to accelerate the engineering of Everimpact’s hardware, which is the only IoT capable of measuring real carbon emissions on an industrial or city-scale. CO2 emissions in maritime are currently measured via calculations predicated on assumptions or visual analysis of smoke coming out of exhaust stacks. 

Wilhelmsen and Mitsubishi Corporation will lead the engineering collaboration with the startup so that its urban-proven sensors can withstand the harsh conditions on board vessels and ports.

The oversubscribed US$1.6M seed round was led by Motion Ventures and also included Asian Development Bank’s venture arm (ADB Ventures), MOL Plus, IMC Ventures, Blue Star Group, Rainmaking and more.

Everimpact’s hardware has already been proven in urban environments and plans to integrate software capabilities to supercharge the platform. Shell most recently chose Everimpact as the winner of its New Energy Challenge to trial its CO2 emissions software.

More than 100 sensors by Everimpact, paired with software have been used to measure the carbon footprint of eight cities across Europe and the UK. Dijon, France became the world’s first city to track live air quality and CO2 footprint at an urban scale by using Everimpact’s technology in digital hubs which replaced telephone booths.

The hardware being developed for the new maritime application will display real-time actual CO2 data captured by IoT sensors installed on the exhaust stack of ships and will give vessel owners visibility on ways to optimise ship operations. This solution will be installed and trialled on a select number of Ships owned by Mitsubishi Corporation group in order to validate the system before commercialisation at scale. A smart CO2 dashboard will allow access to emission data as it is being physically emitted via smoke to discover opportunities for reductions and receive certified data for reporting and decarbonisation efforts.

Nicklas Viby Fursund, General Partner of Motion Ventures said: “Bringing together those from the public and private sector with the most influence on maritime and global supply chains is unprecedented. The pairing of the engineering collaboration and strategic capital is not just a milestone for Everimpact but a proof point for a consortium approach to innovation.”

Munish Aggarwal, Investment Specialist at ADB Ventures said: “Everimpact’s powerful platform combines satellite technology and ground systems to help cities and operators of large sites track their carbon footprint in real-time is unique and best placed to offer actionable and reliable insights to solve critical climate challenges. We’re thrilled to partner with Everimpact as the company expands its scalable solution in developing Asia.”

Nakul Malhotra, Vice President Emerging Opportunities Portfolio – Maritime Services, Wilhelmsen said: “Everimpact’s solution is already proven for urban environments but we now have an opportunity to take it significantly further. Our collaborative work could help them take a leap forward in the maritime industry and then have ripple effects on other industries too – making the hardware work onboard one of the most harsh operational settings opens up possibilities to introduce it to almost any industrial setting thereafter.”

Takafumi Oka, General Manager of Ship Dept., Mitsubishi Corporation said: “We believe that this project will help transform the maritime industry into one that is more transparent and reliable for carbon emission monitoring and reporting. This solution offers great potential for the industry at large to create value for supply chains around the world. Making carbon emission visibility possible aligns with new regulatory and compliance measures, such as CII and the carbon pricing market. We hope we can utilise the domain knowledge of each stakeholder and maximise the valuable expertise they each bring to the table as we embark on this exciting journey with our reliable partners.”

James Ong, Principal, IMC Ventures, said, “Everimpact’s commitment and track record in creating innovative solutions to solve difficult sustainability challenges for the world is a massive game-changer. Everimpact has a unique approach towards developing a Maritime Carbon Tracking and Offset Platform – using nano-sensor technology to trace the greenhouse gas emissions from vessels, and connect it to the carbon offset platform.”

Takuya Sakamoto, Representative at MOL PLUS, said: “We believe that Everimpact has a great potential of growth on this market with strong team of advanced initiatives and rapid implementation of urban demonstrations. We will keep up with this carbon credit activities and be proactive with collaborating Everimpact and all Partners.”

IMC Ventures makes maiden investment into BeeX

IMC Ventures Makes Maiden Investment into BeeX, a Hovering Autonomous Underwater Vehicle Startup

Singapore, 3 November 2021 – IMC Ventures (“IMC Ventures”), a Singapore-based venture capital entity of IMC Group that is focused on investments in the maritime and supply chain industries, is pleased to announce that it has participated in the seed investment round of BeeX Pte. Ltd. to operationalise marine autonomy for shallow waters, where critical marine infrastructure is under-served.

Other notable investors in the seed round are CapVista, ShipsFocus-Quest Ventures (Maritime Fund), SEEDS Capital, and the National University of Singapore. The investment brings together a community of strategic stakeholders who value the advanced engineering and R&D capabilities involved in digitalising and developing the maritime and renewable energy space.

Armed with a vision to provide a sustainable and environmentally friendly way of executing large-scale underwater inspections, BeeX’s self-thinking robots will become a fundamental building block in ensuring the safety of coastal cities and accelerating the shift towards renewables such as floating solar and offshore wind to significantly reducing operations and maintenance costs. This cost- effective solution also removes the element of safety risk as there are no physical inspections to be conducted by divers.

With the new funds, BeeX will expand their software team to accelerate development of autonomous capabilities and mission plans across more diverse and critical environments such as ports, vessels, and in anchorages. Their hardware team will also commission a larger and more powerful HAUV suitable for harsher conditions in Offshore Wind, presenting a unique opportunity of rapid growth in underwater infrastructure as the world adopts renewable energy at an unprecedented rate to achieve lower carbon emissions, conserve more natural resources and in turn achieve more substantial long- term savings.

BeeX’s business offering is aligned with IMC Ventures’ investment mandate of focusing on technology which will bring about change and transform the maritime sector. In addition, BeeX’s solution potentiallyreduces operational costs and creates a positive and sustainable Environmental, Social and Governance (ESG) impact.

IMC Ventures provides BeeX access to the technical, operational and knowledge capabilities that IMC Industrial Group – IMC’s integrated maritime and industrial solutions arm has, leveraging upon IMC’s presence across 15 countries within the Asia Pacific network. IMC Ventures also foresees extensive cross-synergies, where both corporations can strengthen supply chains and expand distribution channels to scale the business.

Ms Grace Chia, CEO of BeeX said: “IMC’s extensive networks and in-depth knowledge of pain-points in maritime, combined with their focus on positive environmental and social impacts, makes them a great partner for BeeX. With their investment, we are excited to operationalise marine autonomy with more customers, taking humans out of dangerous tasks underwater whilst keeping marine infrastructure safe.”

Mr James Ong, IMC Ventures’ Investment Committee Member, commented: “The best validation of BeeX’s solution is demonstrated through the demand for their product in the maritimeindustry. The fact that BeeX has shown the commercially ability sell their solutions on commercial terms validates that the technology works, and the pricing is viable. IMC hopes tohelp BeeX scale by utilising IMC’s broad network across Asia Pacific”.

Moving forward, IMC Ventures will continue to explore investments in related sectors to pioneer collaboration efforts and strategic partnerships that accelerate the development and adoption of game-changing digital solutions.

IMC Shipping Appoints Mingfa Liu as Managing Director for Ship Services

IMC Shipping Appoints Mingfa Liu as Managing Director for Ship Services

Singapore, 26 October 2021 – IMC Shipping is delighted to announce that Mingfa Liu has joined the Group as the Managing Director for Ship Services, based in Singapore. In this senior role, he will provide leadership in the development and implementation of business strategies to ensure sustainability and long-term growth in the areas of ship management, ship operations and technology centre services, as well as commercial business development.

Mr Frederik Guttormsen, Managing Director of Shipping, IMC Industrial Group, said, “We are warmly welcoming Mingfa on board. His wide-ranging experience and deep expertise in key aspects of the shipping business, will play a pivotal role in IMC’s transformation into an asset-light business focused on offering integrated solutions and services to the industry.”

An industry veteran, Mingfa has more than 28 years of extensive international experience in general management, business development, ship management, ship operations, ship new building and maritime consultancy. He joins IMC from Bernhard Schulte Shipmanagement (China) where he was the managing director responsible for developing strategic objectives and ensuring efficiency and quality of Ship Management Center services.

Mingfa said, “As an ex-seafarer worked onboard IMC’s ship, I am excited to come back and start a new journey with IMC. In today’s volatile economic and business environment, our industry has gone through many changes but has remained to be one of the most resilient industries. However, the only constant is change, we have to be proactive to handle changes and be agile to capture future opportunities. IMC is in a strong position to take a leading role in the innovation of shipping industry, I am eager to work with the team to deliver first class services and add value to our company, our clients and our society.”

IMC Shipping’s business and digital transformation is well underway, with a refreshed management structure and consolidation of operating systems. Its chemical tanker arm, Aurora Tankers, recently completed its latest newbuilding series and was awarded the Green Ship Certificate by Maritime and Port Authority of Singapore (MPA) in recognition of its adoption of energy efficient ship designs that reduce fuel consumption and carbon dioxide emissions.

Aurora Tankers Completes Delivery of Latest Newbuilding Series with Launch of Maritime Verity​

Aurora Tankers Completes Delivery of Latest Newbuilding Series with Launch of Maritime Verity

Singapore, 3 September 2021 – Aurora Tankers, the tanker arm of IMC Shipping, has completed its latest newbuilding series with the launch of its 50,000 dwt IMO II MR Chemical Tanker, Maritime Verity. The last delivery in a series of eight newbuildings, commissioned in 2017 in a joint venture with CSSC Shipping, will enter Aurora Tankers Pool’s fleet of 22 coated chemical tankers plying major global and intra-Asia trade routes.

Mr Frederik Guttormsen, Managing Director, Shipping, IMC Industrial Group said, “Beyond renewing our fleet with modern tonnage to provide our customers with safe, reliable and cost-effective voyages, we are looking to double the number of vessels in our Pool, building on our positive view of the forward chemical market. The first seven ships of the series have been received positively by our customers and achieved encouraging performance levels.”

Construction of Aurora Tankers’ newbuildings was conceptualised, developed and supervised by IMC Shipping’s in-house newbuilding consultancy, ship conversion and engineering project services division. Named after virtues to reflect IMC’s core values, Maritime Verity and her sister newbuildings have 22 cargo tanks each and are installed with Exhaust Gas Cleaning Systems (SOx scrubber), meeting IMO’s Energy Efficient Design Index Phase 3 requirements with more than 30% reduction in CO2 values. They are also equipped with high-tech real-time vessel performance monitoring systems. These attributes, coupled with energy-efficient engine room operations and cargo handling systems, allow the vessels to offer more efficient fuel consumption, a cleaner environmental footprint, enhanced operating accuracy and optimum manpower utilisation.

Mr Guttormsen added, “Our transformation from a traditional shipowner to a services-focused operator is well underway. We have stayed resilient against the challenges of COVID-19 and continue to leverage our legacy knowledge and expertise to expand our business capabilities. We are making strategic investments in digital solutions, developing integrated services and forging partnerships that create value for customers and sharpen their competitive edge.”  

Aurora Tankers operates one of the largest Asia-based fleets of chemical tankers and has over 25 years of experience in liquid bulk shipping with a proven track record in meeting safety and reliability standards of oil majors and key chemical companies. With offices in Singapore, Shanghai, Houston, Dubai, Seoul and Tokyo, Aurora Tankers is well-positioned to serve customers in all the major markets. In addition to its fleet renewal exercise and digitalisation activities, it recently embarked on a strategic partnership with Golden Stena Baycrest Tankers to operate and manage J19 stainless-steel chemical tankers to serve customers with greater flexibility and position for further growth in an expanding market.

Aurora Tankers and GSB Tankers Announce Strategic Partnership in J19 Stainless Steel Tanker Segment

Aurora Tankers and GSB Tankers Announce Strategic Partnership in J19 Stainless Steel Tanker Segment

Singapore, 1 July 2021 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), announced today it has formed a strategic partnership with Golden Stena Baycrest Tankers (GSB), to manage and operate stainless steel tankers.  The collaboration will be focusing on expansion across the Asia region for the two companies.

Golden Stena Baycrest Tankers (GSB) is a joint venture between Golden Agri-Resources, Stena Bulk and Bay Crest Management, which was established on 1 January 2019.

Frederik Guttormsen, Managing Director, IMC Shipping Group, said: “I am very pleased to announce this strategic partnership with GSB. This will give us more scale, drive efficiencies and be a platform for further expansion in the stainless steel chemical tanker segment.”

“We remain confident in the chemical tanker market overall and we will continue to expand our shipping platform which today include our 22 strong MR tanker fleet, our stainless-steel 19k fleet, CSIMC, our fleet of MPV’s, the global dry bulk operating business and the domestic operation in Indonesia by PT Pelita Samudera Shipping Tbk,” added Guttormsen.

Dexter Say, Managing Director of Aurora Tankers, added: “This joint operation partnership is a step towards building our stainless steel fleet and serving customers with greater flexibility. We believe the timing of the partnership is perfect, as the medium to long term outlook for the chemical tanker market is positive. We look forward to working together with GSB Tankers to achieve both companies’ goals”.

The partnership will commence on July 1, 2021.

IMC Dry Bulk Appoints Keith Denholm as Commercial Director

IMC Dry Bulk Appoints Keith Denholm as Commercial Director

Singapore, 25 June 2021 – Keith Denholm has been appointed Commercial Director at IMC Dry Bulk, part of IMC Industrial Group (IMCIG).

“We are very pleased to have Keith Denholm onboard. His extensive experience in dry bulk shipping and commodity trading will be very valuable to IMC and to our ongoing expansion in the Dry Bulk Operating segment”, said Frederik Guttormsen, Managing Director, IMC Shipping Group.

Denholm has held several senior leadership roles in major shipping and trading companies and is excited about the future of IMCIG’s Dry Bulk business and the development of the Shipping Services Platform. “IMC, with its vast maritime portfolio, is in a strong position to capture market opportunities and to take a leading role in innovation in the industry. I am looking forward to contribute with my experience and to continue adding value to our clients in this period of growth and innovation.”

“Keith will primarily be focusing on growing our Asset Light Operating Business and will also work closely with our other shipping businesses, which consists of IMC Tankers and Ship Services, to further expand our Integrated Platform”, Guttormsen added.

IMC Shipping Signs the Neptune Declaration on Seafarer Wellbeing and Crew Change

IMC Shipping Signs the Neptune Declaration on Seafarer Wellbeing and Crew Change

Singapore, 27 January 2021 – IMC Shipping has signed the Neptune Declaration on Seafarer Wellbeing and Crew Change together with over 300 stakeholders from the maritime industry. We are doing this to show our strong commitment to the global call-to-action to end the unprecedented crew change crisis caused by Covid-19.

The Neptune Declaration was formed by Maritime Industry Crew Change Taskforce following initial discussions at the Global Maritime Forum’s Virtual High-Level Meeting in 2020.

To address the crisis, the declaration identifies the following main actions: 

  1. Recognize seafarers as key workers and give them priority access to Covid-19 vaccines
  2. Establish and implement gold standard health protocols based on existing best practice
  3. Increase collaboration between ship operators and charterers to facilitate crew changes
  4. Ensure air connectivity between key maritime hubs for seafarers

Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group commented: 

“We at IMC Shipping are deeply concerned about the thousands of international seafarers around the world being impacted by the lack of crew changes and the impact on the physical and mental wellbeing of these seafarers.  

All of us have a shared responsibility and important roles to play to ensure this humanitarian crisis gets resolved as soon as possible.  Together, we need to build a more resilient maritime supply chain to ensure and protect the rights and wellbeing of our seafarers.”

Aurora Tankers Takes Delivery of the Third Vessel of a Series of Eight IMO Type II Mr Chemical Tanker – Maritime Amity

Aurora Tankers Takes Delivery of the Third Vessel of a Series of Eight IMO Type II Mr Chemical Tanker – Maritime Amity

Singapore, 6 January 2021 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), takes delivery of the third of its eight newbuildings – Maritime Amity today. The remaining five newbuildings are scheduled to be delivered through 2021.

The design of the vessel has been developed from over 20 years of experience in trading IMO Type II cargo by Aurora Tankers with the technical team led by IMC Shipping & Offshore Tech Services.  Maritime Amity is the 3rd generation of IMO Type II MR Chemical Tanker designed and built by IMC.

The series will be operated in the Aurora Tankers Pool, bringing the total MR fleet to 22 vessels.

Mr Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group (IMCIG) commented: “We are happy to note that our first and second newbuildings in this series – Maritime Comity and Maritime Tranquility, are operationally performing very well and we have been receiving positive feedback from our customers since they were launched last year.  We look forward to continuously exceeding our customer needs with Maritime Amity too.”

He added: “On behalf of IMC Industrial Group, I want to thank all the team members, including all our IMC colleagues for your hard work.  We look forward to the launch of the remaining five newbuildings this year.”

Maritime Amity is currently the largest zinc coated MR equipped with exhaust gas cleaning system in the market.  It is fitted with nitrogen inert gas system to ensure longer life of coating and reduced cleaning costs.  It is also installed with shore-based online ship performance monitoring system with artificial intelligence to enhance ship operation and management quality.

The eco and modern design allow for large cubic to maximize cargo loads with low specific gravity. Each ship also comes with fitted scrubber and with a shallow draft design allowing for maximum flexibility for trading and operations.

Aurora Tankers Takes Delivery of the Second Vessel Of A Series of Eight IMO Type II Mr Chemical Tanker – Maritime Tranquility

Aurora Tankers Takes Delivery of the Second Vessel Of A Series of Eight IMO Type II Mr Chemical Tanker – Maritime Tranquility

Singapore, 30 September 2020 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), takes delivery of the second of its eight newbuildings – Maritime Tranquility today. The remaining six newbuildings are scheduled to be delivered throughout 2021.

Maritime Tranquility is the third generation of IMO Type II MR Chemical Tanker designed and managed by IMC’s in-house technical team. The design has been developed by Aurora Tankers, with its over 20 years of experience in trading IMO Type II cargo. 

The series will be operated in the Aurora Tankers Pool, bringing the total MR fleet to 22 vessels.

Mr Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group (IMCIG) commented: “We are happy to see that our first newbuilding in this series – Maritime Comity, is operationally performing very well and we have been receiving positive feedback from our customers since it was launched last month.  We look forward to continuously exceed our customer needs with Maritime Tranquility.”

He added: “On behalf of IMC Industrial Group, I want to thank all the team members from Guangzhou Shipyard and CSSC Shipping, as well as all our IMC colleagues for your hard work.  We look forward to the launch of the remaining six newbuildings.”

Maritime Tranquility is currently the largest zinc coated MR equipped with exhaust gas cleaning system in the market.  It is fitted with nitrogen inert gas system to ensure longer life of coating and reduced cleaning costs.  It is also installed with shore-based online ship performance monitoring system with artificial intelligence, to enhance ship operation and management quality.

The eco and modern design of Maritime Tranquility allows for large cubic to maximize cargo loads with low specific gravity. The vessel is also with fitted scrubber and with a shallow draft design allowing for maximum flexibility for trading and operations.

IMC Industrial Group Chooses Veson Nautical’s Veson IMOS Platform

IMC Industrial Group Chooses Veson Nautical’s Veson IMOS Platform

Integrated Maritime & Industrial Solutions Provider Partners with Veson to Support Robust Business Operations

Singapore and Boston MA, USA – 31 August 2020  – Veson Nautical, the leading provider of commercial maritime software and services; and IMC Industrial Group, an integrated maritime and industrial solutions provider; today announced the selection of Veson’s cloud-based Veson IMOS Platform (VIP) as IMC Industrial Group’s end-to-end maritime solution.

IMC Industrial Group comprises Shipping, Logistics, Marine and Offshore Engineering, Shipyards and Ports businesses, offering a wide-ranging set of services across multiple supply chains. When evaluating potential maritime systems, the Group sought a solution that was as comprehensive as their businesses; one that would support their vision and strategy across various company verticals, to better meet their customer needs.

In their Dry bulk & Parceling vertical, IMC identified the need for timely insight and voyage performance analysis to improve fleet competitiveness, to actively grow their cargo-based businesses. For Liquid bulk, IMC needed a centralized workspace to react quickly to market conditions and gain valuable insights into business opportunities. For ILBU (Tugs/Barges, FLF, and MV), IMC sought to digitalize their voyage management process to provide high quality, reliable service that would drive potential growth in new markets.

Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group commented: “The Veson IMOS Platform was the clear choice for us. This future-fit solution will support and enable exponential growth for our core shipping businesses.  It will also provide analytics and business insight for timely and well-informed decision making, improve productivity, and standardize processes for greater efficiency as our competitive edge. We look forward to working collaboratively with Veson to take our IMC businesses to the next level.”

“The Veson team is thrilled to welcome IMC Industrial Group onboard,” stated Bradley Jee, Commercial Director, APJ at Veson Nautical. “The Group’s mission to be a future-fit organization highlights their ability to continuously evolve and provide dynamic solutions for their customers. This implementation of VIP is an exciting milestone in their commitment to innovation.”