The maritime industry enables 90% of world trade. The early-stage maritime-tech market, already at USD 100 billion, is poised to triple by 2030.
This is a high CAPEX and high recurring OPEX industry ripe for disruptive innovations as it transitions from an analogue to a digital world.
Over 50% of world shipments are in Asia. 9 out of the top 10 ports are here. China, Japan and South Korea supply more than 90% of new ships every year.
Quest Ventures, in partnership with ShipsFocus, is an appointed co-investor with SEEDS Capital, an institutional development fund of Enterprise Singapore, a statutory agency of the Ministry of Trade and Industry of Singapore.