Monaco has had its own fleet of Merchant ships and naval vessels dating back to the 12th century. […] The Chamber of Shipping alone has over 40 member companies that are managing over a thousand ships, from tankers, bulkers, cruise vessels to cable layers. In total there are over 200 maritime companies with over 600 people employed with close to €1B year in turnover. The topic of Financing of Maritime Innovation is of interest to the Chamber of shipping and to the shipping community in general is evident, we must comply with the new European Carbon Tax legislation, but also banks will not finance operations without a clear environmental strategy to reduce greenhouse gas emissions. Gatherings like this one are a great platform to meet and learn from one another.

There's no longer any choice: the ocean is under attack, poisoned and sick, and needs to be better understood if it is to be protected and then cured. Otherwise, humanity is doomed... Sentinels like SeaOrbiter are no longer a possibility, they are a necessity

Blumorpho is committed to accelerate innovation for positive impact while reinforcing access to partners and investors. Maritime is a key field of action for Blumorpho since it is facing a major challenge for its decarbonization. It is a complex equation to solve with the needs for alternative fuels, optimization of practices and also efficient innovation in carbon sequestration, storage and use. At Blumorpho and The Hive Climate AI we are convinced that attractive collaboration and investment opportunities will emerge to reach net zero by 2050. We are quite happy that top notch players of the maritime industry joined us to work with us on this major challenge to operate successful collaborations and investment.