Japanese shipping group NYK has announced the signing on an agreement to invest in ‘Navigator II’, an investment fund managed by theDOCK, an Israeli venture capital firm specialising in maritime technology.
Navigator II invests in start-up companies developing technologies in the fields of shipping, ports, and supply chains.
This is the first time that NYK has signed an agreement to invest in a fund managed by a venture capital firm specialising in the maritime business. The shipping group has previously invested directly in start-up companies with new technologies in the fields of decarbonisation and digital transformation and has also launched its own start-up accelerator programmes to collaborate with emerging businesses through joint platforms with other companies.
In addition to financial investment NYK will also offer secondment opportunities for fledgling firms and will work with theDOCK to connect to innovation ecosystems for maritime start-ups.
“We highly value this partnership with theDOCK,” said Tomoyuki Koyama, Senior Managing Executive Officer at NYK.
“NYK will take our ESG management to the next stage through the DX (Digital Transformation) capabilities enhanced with this partnership.”