Greek/British shipowner Lomar Shipping has a fleet of about 30 ships. In 2022 it decided it wanted to look at new technologies that offer environmental or crew welfare improvements while making economic sense.

It launched Lomar Labs as a project in 2022 and formalised it as a business in 2023. Lomar Shipping technical director Stylianos Papageorgiou was brought in to run the startup investor as its managing director.

Lomar Labs has now invested in 12 startup companies and is offering the Lomar ships as floating test beds, with Stylianos saying more companies will soon be announced.

In this episode of Wavelength Plus, Stylianos talks to TradeWinds senior editor and podcast host Craig Eason about the ethos the company has, why it does what it does, and how it assesses startups to get involved with

The full story is also available on TradeWindsnews.com

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