Maritime tech investment firm Flagship Founders has announced the spin-off of its third start-up, zero44, which will focus on helping shipping companies and charterers monitor and control their fleets’ CO2 emissions.
In its current product development stage, the company says it is focussing on expanding its team and building customer relations, with software for the wider market due to be launched later this year.
zero44 aims to provide customised digital systems offering daily carbon reporting and targeted advice on future strategies. The commercial impact of different decisions is illustrated by the software, with recommendations on how to optimise processes to improve results.
A range of vessel parameters are analysed, including the duration and route of future voyages, with the ship’s existing IMO rating used for calculations.
“The shipping industry urgently needs solutions to become more sustainable – and not over the coming years or decades, but now,” said Friederike Hesse, Managing Director and Co-Founder of zero44.
“Climate change waits for no one. We need to find creative and long-term carbon reduction approaches we can rely on immediately, regardless of a ship’s classification, age or its technology.”
“A lack of any comprehensive, satisfactory solutions is what prompted us to found zero44 in the first place. We want to help operators make these tough decisions and work with them to shape a more sustainable, resource-friendly global shipping industry. This is the only way to make the sector fit for the future.”
Flagship Founders’ previous start-ups were Kaiko Systems, a vessel data analysis company, and crew logistics tech firm Tilla.