ULTRACLEAN FUEL Survives SHARK TANK,
Wins 2019 SHIPPINGInsight Innovation Award
Contestants for SHIPPINGInsight’s 2019 SHARK TANK competed for the SHIPPINGInsight Innovation Award on the final day of the eighth SHIPPINGInsight Fleet Optimization and Innovation Conference and Exhibition held Oct. 15-17th, in Stamford, Connecticut. Contestants, called “chum”, entered the SHARK TANK to face a battery of shipowners and investors (“sharks”) who examined their thesis, evaluated their value proposition, and decided whether to “invest” in their concepts.
This year’s winner of the SHARK TANK and SHIPPINGInsight’s Innovation Award is Ultraclean Fuel, for developing an innovative desulphurizing technique for fuel. The company plans to roll out the new process in scale to achieve MARPOL 2020 compliance. For more information on Ultraclean Fuel’s winning innovation, CLICK HERE.
Ultraclean Fuel was one of eight competing contestants in the SHARK TANK. The others were: blkSAIL, Dasivedo Design/Tig Rig, Fike, Ingenium Marine, Perceptive Sensor Technologies, sHYp, and STX Service Americas. “Sharks” included Jack Noonan of Binnacle Maritime, Rich Pruitt of Carnival Cruise Lines, Marina Hadjipateras of Trail Mix Ventures, James Thomas of Thomas Maritime, Tony Backos of Bluewater Acquisition Corp, and Kevin Humphreys of Wartsila.
To view the SHARK TANK session on MaritimeTV, CLICK HERE.
Michael Lees (center), Chief Commercial Officer of Ultraclean Fuel, accepts the 2019 SHIPPINGInsight Innovation Award from the Award’s powering partner, Total Marine Solution’s President, Alexandra Anagnostis-Irons (left) and SHIPPINGInsight’s Chief Evolution Officer, Carleen Lyden Walker (right)
Interested in competing in the 2020 SHARK TANK? Contact info@shippinginsight.com with subject line “SHARK TANK CHUM”.
Previous Winners of the SHIPPINGInsight Award
2017 Maersk Tankers and ShipNet
2016 Eagle Bulk Shipping, Veson Nautical and Accuritas Global Solutions
2015 Wilh. Wilhelmsen ASA and Callenberg Technology Group
2014 Stena Line and NAPA Group