Cargill and ZeroNorth enter a strategic partnership to accelerate the use of digital solutions that decarbonise shipping
Geneva/Copenhagen, 2 September 2020
Cargill invests in ZeroNorth and commits its entire operated fleet to using the Optimise software to reduce CO2 emissions through digital technology. The increased scale will support ZeroNorth in further developing its offering and growing its customer base.
ZeroNorth, the recent spin-off from Maersk Tankers, helps vessel owners and operators in the tramp shipping industry to reduce CO2 emissions and optimise earnings through its software Optimise. The collaboration with Cargill will increase the number of vessels using the software to just under 1,000.
"By using the quantitative data approach on vessel performance, Cargill’s customers will benefit from reduced CO2 emissions and bunker consumption. Reducing CO2 emissions through improved vessel performance is a critical part of our business and we recognise the value of collaboration with fellow industry leaders to achieve this. By partnering with ZeroNorth, we will combine Cargill’s experience in chartering and trading with ZeroNorth’s expertise in software engineering,” says Jan Dieleman, Business Leader for Cargill Ocean Transportation.
In June 2020, ZeroNorth announced it was looking for a new investor alongside Maersk Tankers to grow and develop the company into an industry-wide platform for the global tanker and dry bulk fleet. As investor, Cargill will play an active role in shaping the company’s strategic direction. Cargill has been a customer since 2019, testing the Optimise software on part of its chartered fleet.
“By having Cargill onboard as a large-scale customer and investor we are taking yet another step towards digitalising the tramp shipping industry to make a positive impact on the climate,” says Soren C. Meyer, CEO at ZeroNorth. “We are excited to have Cargill and Maersk Tankers, two industry leaders, as both owners and customers of ZeroNorth. They share our commitment to leading the industry to a more sustainable future and we will harness their insight to deliver value for our customers, and for the industry as a whole,” says Meyer.
The agreement is subject to anti-trust review and approval
ZeroNorth was founded to make the tramp shipping industry more sustainable through digitalisation. It offers innovative tech thinking, built on a foundation of more than 90 years of shipping heritage. The company helps vessel owners and operators operate their vessels more efficiently to reduce CO2 emissions, supporting the industry’s drive towards more sustainable development, and to increase earnings. The company has its headquarters in Copenhagen, Denmark.
Cargill’s 160,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 154 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture.
About Cargill Ocean Transportation
Cargill Ocean Transportation is a leading freight-trading business that provides bulk shipping services to customers across the globe. Founded in 1956, Cargill commands the highest level of operational expertise which ensures the sustainable and efficient management of its 650-strong fleet. Cargill has a unique market perspective and combines first-class operations with expert trading in both physical and financial freight markets.
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