The fast-growing market for electrification and automation of ports worldwide is estimated to be worth several billion euros in the coming years. Cavotec will invest EUR 20M in technology, engineering and business development over the next five years to strengthen its leading position and meet the expected demand. The global Cavotec team will grow by 60%, with two thirds being engineers.

The shipping industry is responsible for more than 2.5% of the world’s emissions. If the shipping sector were a country, it would be the sixth largest polluter in the world. But we can change this. We have the technology today that can be retrofitted to existing ships to reduce harmful emissions. We also have the technology to upgrade our ports to reduce pollution.

Cavotec will focus resources and make investments to further develop its leading position within electrification and automation for improved sustainability in its fast-growing ports & maritime and specialized industrial applications markets and, as a consequence, will divest its Airports business.

In recent weeks, ports around the world have been hit by delays and backlogs caused by factors including a surge in demand, a lack of empty containers, and the coronavirus – the latter manifesting as mass quarantining, social distancing, illness, and lockdowns. In the UK, these issues were compounded by fears of a no-deal Brexit.

In mid-2021, transport and logistics provider, SeaRoad, will be the first to put the next generation Cavotec vacuum mooring technology, MoorMaster NxG, into commercial operation. The new NxG units will be integrated with SeaRoad’s original MoorMaster systems installed in 2003.

How is Cavotec making profitable sustainability a reality for customers worldwide, ensuring a future world that is safer, more efficient, and more sustainable today? At a recent investors’ meeting event that we hosted in Stockholm and online, we set out how we’re a key enabler of profitable sustainability. We spoke to Memed Uzel, Cavotec’s Chief Commercial Officer, to find out more.

Cavotec has joined CharIN, (Charging Interface Initiative), a network of companies developing global standards for charging battery powered vehicles. By bringing 40 years of experience in high-power electrification and connection technologies, Cavotec will help the network shape the future of e-vehicle charging focusing on applications that require high power, high speed charging.

Cavotec is to supply automated vacuum mooring systems for ports in Australia and New Zealand, and automated e-charging systems for the world’s first fleet of zero-emission, autonomous battery powered ships in Norway. These projects, with a combined order value of approximately EUR 6.5 million, show growing interest from around the world in Cavotec’s solutions for profitable sustainability.

In our latest blog post on the future of shipping, our MoorMaster Product Manager, Nicklas Vedin, shares perspectives on the importance of every minute and how smarter mooring can help make the world a safer and greener place.

Shipping companies and ports worldwide can now make every minute matter, significantly reducing fuel consumption and increasing port productivity, with simpler and faster implementation of Cavotec’s next generation automated vacuum mooring solution.