Events

ZeroNorth and Singapore-based Alpha Ori Technologies close deal to merge

Firms announced they have received all required regulatory approval for their agreement to join forces and have now integrated under the name ZeroNorth.

Published

2 years ago

February 22, 2024

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ZeroNorth and Singapore-based Alpha Ori Technologies close deal to merge

Technology company ZeroNorth and Singapore-based digital solutions provider Alpha Ori Technologies on Wednesday (21 February) announced that they have received all required regulatory approval for their agreement to join forces.

This means that yesterday was day one of the two organisations as a new, integrated business under the name ZeroNorth.

The milestone kicks off an ambitious next phase for the new ZeroNorth, enabling the company to boost its value to the more than 4,500 vessels and 200+ customers that the companies serve.

Fuelled by AI and human expertise, and by fully integrating Alpha Ori Technologies’ high frequency data and expertise in IoT sensors, ZeroNorth will streamline resource management, predict maintenance, monitor hull performance, optimise voyages, digitalise bunker operations, track and report emissions and enable stronger vessel selection decisions for its customers.

It means that customers will be able to tap into a single source of data that improves their profit and reduces their impact on the planet, in line with their operational goals and strategies.

More broadly, the milestone further powers up shipping’s digital transformation, and creates a leading maritime optimisation company. It powers up ZeroNorth’s ambition to bring about a greener global trade ecosystem by speeding up the company’s data flywheel, meaning that stronger solutions and optimisation recommendations are made over time. The deal will create a beacon of empowerment for the industry, improving decision-making on a wide scale across the value chain.

The company’s management team will continue to be led by Søren Meyer in his role as Chief Executive Officer.

The joint business will remain an independent company with robust financial backing and heritage from top industry leaders, leveraging their deep shipping knowledge to deliver transformative solutions that positively impact the sector.

The company will be headquartered in Copenhagen with 12 global offices.

Søren Meyer, CEO, ZeroNorth, said: ”Today marks the next bold step for a new ZeroNorth. The combined company will have the size to accelerate the impact on the shipping and maritime value chain.”

“It is a statement of intent to the market, underlining the power and potential of our partnership and platform to support customers’ economic and environmental strategic goals. We are excited about enabling our customers in the transformation of the global fleet.”

Bala Sankaran, Co-CEO Alpha Ori Technologies, said: “I’m proud to have founded a company that delivers value to our customers and brings technology and data to the forefront in making global trade green. I celebrate the new ZeroNorth and its potential to accelerate the green transition for our customers, the industry, and the planet.”

ZeroNorth has already been demonstrating its impact on the industry by transparently sharing the CO2 savings generated by its platform. Since 2022, the company’s technology has prevented more than 1.4m tonnes of CO2 from being emitted into the atmosphere; an impact statement that will only increase as a result of today’s news.

Photo credit: Alpha Ori Technologies
Published: 22 February, 2024

Related Topics:Business - Events Technology - Digital platform Technology - Emissions reporting

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Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Singapore-based container shipping company Ocean Network Express (ONE) on Thursday (3 July) said it celebrated the maiden voyage of containership ONE Solidarity as the ship made its first-ever arrival in Shekou, China.

“As one of our S-series methanol and ammonia ready container vessels, ONE Solidarity is another demonstration of ONE’s commitment to sustainable shipping,” the company said in a social media post.

Following the successful deployment of ONE Singapore and its sister vessels, ONE Solidarity will be deployed on the Mediterranean Pacific South 2 (MS2) service.

“Her deployment will boost our service capacity, ensuring faster, more reliable, and highly efficient shipping offerings across key global trade lanes,” the company added.

Photo credit: Ocean Network Express
Published: 3 July, 2026

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“Lucia Cosulich” enters final preparation ahead of bunkering operations

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“Lucia Cosulich” enters final preparation ahead of bunkering operations

Fratelli Cosulich Marine Energy on Thursday (2 July) celebrated the delivery of Lucia Cosulich at Taizhou Maple Leaf Shipyard in China.

The vessel is the second of four sister methanol-ready IMO II bunker tankers developed within the Group’s fleet expansion programme and follows the launching ceremony held on 2 May 2026.

Designed to support the Group’s bunkering operations and future fuel requirements, Lucia Cosulich is part of the new generation of vessels developed by Fratelli Cosulich Marine Energy to combine operational reliability, safety and fuel flexibility.

Lucia Cosulich will now enter the final preparation phase ahead of its next operational steps, further strengthening the Group’s ability to provide reliable bunkering solutions.

“We wish Lucia Cosulich and her crew fair winds on the next stage of her journey,” the company said.

Photo credit: Fratelli Cosulich
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Business

Glencore backs FincoEnergies’ biofuel growth with majority stake acquisition

With Glencore’s support, FincoEnergies is well positioned to continue expanding its offerings in biofuels across multiple transport segments and to increase its presence in new geographies.

Published

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Dutch biofuel supplier FincoEnergies on Thursday (2 July) announced the completion of global commodities trader Glencore’s acquisition of a majority stake in the company, forming a partnership with Coloured Finches.

FincoEnergies said its fuel distribution and logistics infrastructure, customer relationships and expertise in downstream fuel transportation will be complemented by Glencore’s global scale, sourcing capabilities and experience across the energy value chain.

With Glencore’s support, FincoEnergies added it is well positioned to continue expanding its offerings in biofuels and decarbonisation solutions across multiple transport segments and to increase its presence in new geographies.

Jan-Willem van der Velden, FincoEnergies CEO and Founder, said: “Today marks an exciting next step for FincoEnergies. Glencore already knows our business well, and this builds on years of collaboration, trust and shared ambition. With Glencore’s support and global reach behind us, we are in a strong position to continue growing our business and supporting our customers as demand for lower-carbon fuel solutions continues to evolve.”

Maxim Kolupaev, Head of Glencore Energy UK, said: “Glencore’s investment in FincoEnergies strengthens the presence of our business in Northwest Europe and creates a strong platform for future growth. We are looking forward to continuing to work closely with the FincoEnergies team and building on the successful relationship we have already developed together.”

Manifold Times previously reported FincoEnergies signing an agreement with Glencore for the acquisition of a majority shareholding in the FincoEnergies Group in a partnership with Coloured Finches.

Photo credit: FincoEnergies
Published: 3 July, 2026