ShippingWatch

One company kept venture investments in shipping afloat in 2019

Venture investments in the shipping industry saw a total increase last year, but this was due exclusively to a billion-dollar investment in digital freight forwarder Flexport, shows new report.

Photo: Flexport - PR

Digital freight forwarder Flexport was the sole reason that total venture investments in maritime companies increased in 2019.

Combined, maritime companies attracted USD 1.14 billion in venture investments last year. But this figure covers an investment of more than USD 1 billion in Flexport. Disregarding Flexport, venture investments declined 24 percent, shows a new report by consultancy Thetius.

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