International ship manager Bernhard Schulte Shipmanagement (BSM) and the Cyprus Marine and Maritime Institute (CMMI) have signed an MoU to launch an initiative named “True North 72” aiming to encourage innovation across the maritime supply chain and logistics industries.
The collaboration between BSM and CMMI will capitalise on both partners’ shipping expertise, global reach and specialist technical expertise to create an ecosystem for experimentation. The initiative will explore new ideas, testing and iterating potential solutions, all with the goal of creating entirely new markets, services or products.
Both organisations say the joint programme will “research and explore the commercialisation of ideas in areas of strategic interest, unlocking value at the forefront of innovation for the wider maritime sector.”
Yiannis Sykas, Director of Strategy and member of BSM’s management board, said: “The industry has reached a turning point and the coming decade will be critical in defining the next generation of maritime trade and business. Through the ‘True North 72’ initiative and the partnership with CMMI, BSM is clearly demonstrating its commitment to nurturing creativity and innovation.”
Zacharias Siokouros, CEO of CMMI said: “CMMI, as a R&I Centre of Excellence for the marine and maritime sectors, aspires to become a partner of choice for all relevant blue economy research, technology development and innovation activities at local, regional, European and global level. We are very excited to participate in “True North 72” and partner with one of the world’s leading third-party ship managers.
