COPENHAGEN, Aug. 23 (Xinhua) -- Maersk Tankers announced on Wednesday a strategic partnership with Boston-based hedge fund CargoMetrics aimed at integrating digital solutions into the product tanker industry.
"In the partnership, we will accelerate our use of digital solutions to enable our business strategy, which will deliver value to our customers and partners while we generate income and develop our position as the digital frontrunner in the product tanker industry," said Soeren C. Meyer, chief strategy and transformation officer of Maersk Tankers, in a statement.
"This will also help us to further develop our in-house digital know-how and capabilities," Meyer added.
CargoMetrics links satellite signals, historical shipping data and proprietary analytics for trading purposes in its systematic investment platform.
The partnership provides Maersk Tankers access and exclusive rights to analytical models, algorithms and capabilities of CargoMetrics.
According to Maersk Tankers, the agreement took effect on July 21, and the two parties are now entering an analysis phase to further identify where best to apply the digital know-how and capabilities of both companies.
Maersk Tankers owns and operates one of the largest product tanker fleets in the industry. It is part of the Danish oil and shipping group A.P. Moller-Maersk, headquartered in Copenhagen, Denmark.
CargoMetrics is a technology-driven investment company. Its edge comes from a patented analytical platform that incorporates advances in big data, satellite sensors and scalable computing technologies to effectively monitor real-time global seaborne activity.
