Dragon Capital entered into agreement over purchasing a minority stake in ShipNEXT platform. The investing company will help the business in its development and finding partners in order to accelerate the business growth in global shipping industry.
“Despite the global maritime shipping industry servicing USD 11.2trln worth of cargo and earning estimated USD 380bn of fees, there is no single effective marketplace dealing with all types of cargos as the industry still lives in the era of email exchange. We believe that great sector knowledge and operational background backed by a strong team of industry practitioners, scientists and IT professionals will help ShipNEXT to set a new standard, making shipping faster, more transparent and cost-efficient,” said Brian Best, Managing Director, Head of Investment Banking, Dragon Capital.
ShipNEXT will utilize its 20 years’ experience of the team in maritime shipping industry with help of technologies such as Al and Machine Learning, Neutral Language Processing and Mathematical/Linear Program.
