ZeroNorth, the pioneering maritime technology company, has reached a significant milestone in its journey towards sustainability and financial stability, recording its first month of positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) in December 2024. This achievement, coming just four and a half years after its founding, highlights the growing importance of technology in driving the shipping industry’s energy transition.
The company has also reported impressive growth in 2024, reaching nearly USD 40 million in annual recurring revenue (ARR), marking a 38% increase from 2023. Despite the challenging economic environment and rising interest rates that have affected many startups and scaleups, ZeroNorth has successfully balanced growth with profitability, showcasing its adaptability to shifting financial conditions.
Founded in 2020, ZeroNorth has quickly established itself as a leader in the digital transformation of the maritime sector. By helping over 230 shipping and energy companies optimise fuel consumption and reduce emissions, the company has played a crucial role in accelerating the shipping industry’s transition to cleaner energy. Its innovative solutions, powered by advanced artificial intelligence (AI) technologies, have enabled the company to optimise more than 72,000 voyage legs in 2024 alone, generating 1.5 million routes and reducing over one million metric tonnes of CO2 emissions for its customers.
ZeroNorth’s growth has been accompanied by a significant expansion of its team, which has grown from just six employees to 600 across 10 global locations. In addition, the company has completed six strategic acquisitions, including a key partnership with Alpha Ori Technologies in February 2024, further strengthening its position as a technology-driven leader in the maritime industry.
The company’s unified platform, which combines data and technology, is designed to optimise vessel performance, fuel efficiency, and emissions reductions across the entire shipping value chain. This platform enables seamless communication between ships and shore, empowering vessel owners, operators, charterers, cargo owners, and bunker suppliers to make informed decisions that improve operational efficiency and drive sustainability.
A Stronger Future Ahead
Looking ahead, ZeroNorth is confident that it will achieve positive EBITDA for the full year 2025 while continuing to execute its ambitious growth strategy. The company’s commitment to driving the energy transition in global shipping remains steadfast, and it is poised to play a key role in shaping the future of the maritime industry.
Søren Meyer, CEO of ZeroNorth, expressed his enthusiasm for the company’s progress, saying: “Achieving operating profit is an important milestone for ZeroNorth and a reflection of the dedication of our team and the trust of our customers. Reaching this point highlights our ability to build a sustainable business model while scaling rapidly. More importantly, it reflects the critical role of data and technology as the shipping industry tackles the complexities of the energy transition. With this foundation, we are strongly positioned to accelerate our growth, and continue to enable our customers to make informed decisions, boost efficiency and cut emissions.”
Vessel Owners Services
| Service | Description |
|---|---|
| SMARTShip™ | Get real-time visibility of your entire fleet for faster, more informed decisions |
| ShipPalm | Integrated ERP solution to manage fleet operations |
| Voyage Optimisation | Optimising speed and routes for profit and planet |
| Vessel Optimisation | Simplified view of actionable insights to identify inefficient vessels |
| Emission Analytics | Effortless emissions oversight for precise reporting and future-ready compliance |
| Charter Emissions API | CII, EEOI, and AER estimates for vessels |
| Scope 3 Reporting | Streamlined voyage charter emissions tracking and reporting |
| Vessel Reporting | Quality data for better and greener operational decisions |
| Charter Select | Predict fuel performance and optimize vessel selection for efficiency and the planet |
| Charter Connect API | Make informed decisions backed by advanced machine learning |
| Charter Consumption API | Elevate your chartering decisions with AI-driven fuel models |
| Bunker Planner | Comprehensive fleet bunker management solution with real-time data for smarter fuel decisions |
Commercial Operators Services
| Service | Description |
|---|---|
| Voyage Optimisation | Optimising speed and routes for profit and planet |
| Vessel Reporting | Quality data for better and greener operational decisions |
| Emission Analytics | Effortless emissions oversight for precise reporting and future-ready compliance |
| Charter Emissions API | CII, EEOI, and AER estimates for vessels |
| Scope 3 Reporting | Streamlined voyage charter emissions tracking and reporting |
| Charter Select | Predict fuel performance and optimize vessel selection for efficiency and the planet |
| Charter Connect API | Make informed decisions backed by advanced machine learning |
| Charter Consumption API | Elevate your chartering decisions with AI-driven fuel models |
| Bunker Planner | Comprehensive fleet bunker management solution with real-time data for smarter fuel decisions |
Bunker Platform Services
| Service | Description |
|---|---|
| Bunker Procurement | Transform traditional bunker processes into streamlined, data-driven operations |
| Bunker Trader | End-to-end solution for bunker sales, operations, and financial oversight |
| Bunker Supplier | A comprehensive solution for bunker suppliers, traders, and brokers |
| Bunker Pricer | Get real-time data with live swap curves for a clear view of current and future prices |
| eBDN | Beyond paper: Embracing the digital transformation |
| Bunker Planner | Comprehensive fleet bunker management solution with real-time data for smarter fuel decisions |
About ZeroNorth
ZeroNorth is a leading technology company dedicated to accelerating the energy transition in global shipping. Founded in 2020, the company has rapidly grown from a small team of six to 600 employees across 10 global locations. At the forefront of the digital transformation of the maritime industry, ZeroNorth leverages advanced technologies and data to drive immediate reductions in emissions, helping the sector move toward its long-term sustainability goals.
In 2024, ZeroNorth optimised 72,000 voyage legs, generating 1.5 million routes and cutting over one million metric tonnes of CO2 emissions for its customers. The company’s unified platform analyses billions of data points, enabling seamless information flow from ship to shore and throughout the entire value chain. By turning insights into actions, ZeroNorth empowers vessel owners, commercial operators, charterers, cargo owners, and bunker suppliers to achieve operational, sustainable, and digital excellence, steering the maritime industry towards zero emissions.
Source ZeroNorth