Latest news with #oceans
News.com.au
3 days ago
- Business
- News.com.au
Hot Money Monday: WiseTech's $2bn power play, and one small logistics tech stock stirring interest
Cargo ships go smart with AI WiseTech muscles up with $2.1bn move on US freight kingpin Yojee's freight-tech play quietly takes aim at the big guys International shipping has always been the beating heart of global trade. For centuries, it was sailboats and steamers ferrying spices, silk and silver across oceans. Then came the age of steel hulls, steam engines, and containerisation ie; Malcolm McLean's game-changing box-on-a-ship idea that made global trade cheap and insanely efficient. But now, the industry's entering a whole new phase; less grease, more code. The modern cargo ship isn't just floating metal anymore, it's a data machine. IoT sensors beam back live engine diagnostics and cargo conditions. Ports run on automation and smart cranes. And while the crew's still onboard (for now), autonomous ships are already being tested. And that's just the beginning. Blockchain is also making paperwork disappear. Then there's the green push. With pressure mounting over emissions, shipping giants are rolling out LNG engines, wind-assist tech, and hybrid electric vessels. WiseTech's $2.1bn play to run global trade At the centre of this digital shipping revolution is one Australian company powering the pipes of global logistics. WiseTech Global (ASX:WTC) is the $36 billion Aussie tech powerhouse behind the curtain. Its flagship platform, CargoWise, is already the cockpit for freight forwarders, customs agents and supply chain operators in more than 170 countries. If something's moving across borders anywhere in the world, odds are, CargoWise is helping steer it. But WiseTech doesn't just want to be the brain behind the freight anymore, the company said it's gunning to be the "operating system" of global trade. To get there, the company made a monster move last week: a $2.1 billion cash deal to snap up US-based E2open, the biggest acquisition in WiseTech's history. The name might not mean much outside the freight world, but inside it, E2open is serious muscle. This is a company that connects over half a million businesses and tracks more than 18 billion transactions a year. What does it bring to WiseTech? The missing puzzle pieces ie; domestic logistics, trade compliance, carrier hookups, and planning smarts. WiseTech said the two firms fit together with barely any customer overlap. More importantly, it sets WiseTech up to build something far bigger: a true multi-sided marketplace. A place where ocean liners, freight brokers, warehouse managers and even small shippers can plug in, trade, and optimise in one unified system. Founder and chief innovation officer Richard White said, "Acquiring e2open is a strategically significant step in achieving our expanded vision to be the operating system for global trade and logistics.' 'This is a great deal for WiseTech's business and e2open's shareholders, for all our customers, the industry and ultimately the end consumer.' Yojee's making moves in freight tech, too Sure, WiseTech is the heavyweight in logistics tech, but it's not the only ASX stock worth watching in this space. Over the past 12 months, Yojee (ASX:YOJ) 's stock price has surged more than sixfold, a move that's turned a few heads in the small-cap crowd. While the $85 million-capped company is also in the logistics tech game, its focus is a bit different: freight forwarding. Freight forwarding isn't exactly known for its slick software. For years, the industry's run on a patchwork of spreadsheets, phone calls, and expensive old-school systems that don't talk to each other. Yojee is trying to change that by stitching it all together. The company's flagship software is called Mosaic, a next-gen freight forwarding platform. It's built to simplify the way forwarders and shippers manage cargo, giving users a single interface to book jobs, track shipments, and connect with partners across the chain. Mosaic is also designed with open architecture, so it can slot into existing business systems. That includes connections to things like accounting software (like Xero), or SMS services like Twilio. The platform runs on a 'pay-per-job' model, which means no big up-front licenses or lock-in contracts, making it a flexible alternative in a market that's historically been dominated by costly enterprise software. There's even an AI assistant called Tess already built in to help automate routine tasks. Customs is another pain point Yojee's now tackling. In April, the company launched a joint venture with SmartClear called Smart Yojee, aiming to bring real-time customs messaging and compliance tech into the Mosaic platform. And while all this is still rolling out, Yojee has already landed a notable pilot customer. In March, Germany's Röhlig Logistics, a major global freight and logistics firm, signed on to use Yojee's Transport Carrier Management System in Singapore. The rollout began in May and, if the pilot goes well, could expand further.
CTV News
28-05-2025
- General
- CTV News
Ocean Week Victoria seeks to raise awareness
Vancouver Watch An annual, week-long event highlights the importance of our oceans and the work being done locally to protect them.
Yahoo
24-05-2025
- Entertainment
- Yahoo
I'm Extremely Worried That The Entire World Is Getting Dumber And Dumber And These 29 People Are All The Proof I Need
The Sun: the globe: oxygen: flying planes: ancient hunting: the Titanic: the miracle of birth: illusions: the ark: Related: 27 Horrifying Deaths People Can Never, Ever, Ever, Ever Forget Because They Were That Bad the MOON: oil: viruses: being good: hurricanes: Related: 19 Things Society Glorifies That Are Actually Straight-Up Terrible, And We Need To Stop Pretending Otherwise the Earth: RICE: God's plan: time: those pesky little sacks: icebergs: being careless: artificial intelligence: rabies: math: the building blocks of life: modern medicine: pickles: amounts: on gravity: Also in Internet Finds: 15 Facebook Marketplace Items You'll Wish, From The Depths Of Your Soul, You Could Unsee Also in Internet Finds: People Are Confessing Their Absolute Pettiest "Revenge Served Cold" Stories, And It's Deliciously Entertaining Also in Internet Finds: My Innocence Has Been Destroyed After Learning These Terrible, Disturbing, And Creepy Things
Times
13-05-2025
- Science
- Times
Royal Navy's secret sensory weapon to hunt Russian submarines
Deep within the bowels of the Ministry of Defence estate are magnetic tapes containing the acoustic signature of enemy ships and submarines. The classified material has been gathered by the Royal Navy's 'submarine hunters', or sonar technicians, who have been operating beneath the waves for the past 56 years in the hope that it proves useful in the face of a potentially perilous threat. Now, in a significant advancement in technology, the data they have gathered could be input into a system that will effectively 'illuminate' the oceans and simplify the hunt for Russian submarines. Autonomous mini-hunter submarines that can lurk under the sea for months on end will use artificial intelligence to detect and identify concerning sounds as part of the new Lura system,
The Guardian
07-05-2025
- Entertainment
- The Guardian
Ocean with David Attenborough review – a passionate case against the ruination of the seas
A visual marvel like all his work, governed by his own matchless authority and striking a steady tonal balance between warning and hope, David Attenborough's new film about the oceans is absorbing and compelling. He makes a passionate case against the ruin caused by industrial overfishing and the sinister mega-trawlers which roam everywhere, raking the seabed with their vast metal nets, brutally and wastefully hoovering up fish populations of which the majority is often simply thrown away, depleting developing countries and fishing communities of their share. Attenborough says that this is the new colonialism. The film is released in cinemas in anticipation of the UN's World Oceans Day in June, which is campaigning for 30% of the world's oceans to be preserved from exploitation – at present, only around 3% is protected in this way. As he arrives at his 99th birthday, Sir David presents this new documentary in the context of his own remarkable life and career, studying and thinking about the oceans as the last part of the world to be fully understood and also, perhaps, the last part to be exploited – and despoiled. As he says, until relatively recently, the ocean was regarded as a kind of mysterious, undifferentiated Sahara, a wilderness, of interest largely for providing an apparently endless supply of food. But he shows us an amazing vista of diversity and life, an extraordinary undulating landscape, a giant second planet of whose existence humanity has long been unaware but now seems in danger of damaging or even destroying. Attenborough shows us that glorious places of colour and light and life can be scoured and scorched into a nuclear winter of nothingness by overfishing, but that by preserving places from this kind of industrialisation, creating 'no take zones', we can give the ocean and its lifeforms time to recover. This is often possible within quite a short space of time and the revived species can 'spill over' into other zones; effectively, it is this preservation model that is being suggested. But Attenborough is always emphasising that this is not a cause for complacency, for saying that overfishing doesn't matter because the overfished areas can always be nursed back to life: because we never know how close we have come to the point of no return. Attenborough matches the natural world's grandeur with his own intellectual and moral seriousness. Ocean with David Attenborough is in cinemas from 8 May
