Commodities company Trafigura Group has entered into a strategic partnership with ZeroNorth, a maritime technology business.
The collaboration will see Trafigura deploy ZeroNorth’s platform across its fleet of more than 350 vessels, incorporating tools for voyage optimisation, emissions analysis, and vessel reporting.
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Under the agreement, Trafigura will also acquire an equity stake in ZeroNorth, strengthening the relationship between the two entities.
Trafigura shipping global head Andrea Olivi said: “The ZeroNorth platform will help us optimise fleet performance through enhanced monitoring of fuel and emissions while improving data collection and quality.
“It will also strengthen our relationships with vessel owners through more effective communication and information sharing.”
ZeroNorth’s platform leverages advanced AI and real-time data such as weather updates, vessel specifications, performance metrics, and fuel availability to enhance operational efficiency.
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By GlobalDataThe adoption of these solutions is anticipated to lower fuel use and carbon emissions across Trafigura’s fleet.
Additionally, Trafigura will join ZeroNorth’s group of strategic partners, providing industry expertise to guide product development and influence the company’s long-term strategy.
ZeroNorth CEO Soren Meyer said: “We’re proud to partner with Trafigura – one of the largest players in global commodity trading and shipping. This partnership reflects a shared commitment to advancing the use of technology and high-quality data, sending a clear signal to the industry about the vital roles these play in the energy transition.
“Trafigura’s insight, scale, and ambition will be invaluable to our strategic direction and will help accelerate the impact of our platform across the industry.”
In February 2025, IBC Innovation Banking provided a $20m debt financing package to ZeroNorth.
The funding will support ZeroNorth’s growth through strategic mergers and acquisitions, which are in turn expected to improve the company’s data accessibility, technology acquisition, and market share expansion.
