The agreement will provide Maersk Tankers with access and exclusive rights to Boston-based hedge fund CargoMetrics’ analytical models, algorithms and capabilities.
Maersk Tankers, part of the energy division of Danish shipping conglomerate A.P. Moller-Maersk, entered into an equity agreement on July 21 with Boston-based hedge fund CargoMetrics Technologies LLC, Maersk Tankers said in a press release today.
CargoMetrics, which specializes in quantitative trading models derived from shipping data, links satellite signals, historical shipping data, and proprietary analytics for trading purposes in its systematic investment platform.
The agreement provides Maersk Tankers access and exclusive rights to CargoMetrics’ analytical models, algorithms and capabilities.
Looking ahead, Maersk Tankers and CargoMetrics are now entering an analysis phase to further identify where best to apply their digital know-how and capabilities, Maersk Tankers said.
Maersk Tankers invests in CargoMetrics
