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Maersk Tankers has entered an equity agreement with CargoMetrics Technologies, a hedge fund specialising in quantitative trading models derived from shipping data based in Boston, USA.

The agreement providing Maersk Tankers access and exclusive rights to CargoMetrics’ analytical [ds_preview]models, algorithms and capabilities. CargoMetrics links satellite signals, historical shipping data and proprietary analytics for trading purposes in its systematic investment platform.

The agreement took effect on 21 July 2017, and Maersk Tankers and CargoMetrics are now entering an analysis phase to further identify where best to apply the digital know-how and capabilities of both companies.

»In the partnership, we will accelerate our use of digital solutions to enable our business strategy, which will deliver value to our customers and partners while we generate income and develop our position as the digital frontrunner in the product tanker industry«, says Soren C. Meyer, Chief Strategy and Transformation Officer, Maersk Tankers.