News & Articles
January 10, 2019
Port logistics startup Marine Digital announces pilot project after receiving Latvian Startup Visa
Ivan Ladan, the founder of Marine Digital, was one of the first entrepreneurs to receive the Latvian Startup Visa
Marine Digital has established a pilot project with the Riga-based logistics and stevedore service provider Port Magnat Group
Hailing from Moscow, Marine Digital offers a warehouse management system for bulk terminals, as well as a system for port call automation – the process of vessels or ships entering ports. It’s also one of the first startup teams to receive a Latvian startup visa and relocate to Riga, and has now announced a pilot project with the Riga-based logistics and stevedore service provider Port Magnat Group.
The project will be carried out at one of the Magnat Group’s transloading terminals to test the warehousing management solution that Marine Digital System is building for bulk and general cargo terminals. Their product is estimated to decrease ports’ operational costs by 5 to 10%, helping them to save hundreds of millions of euros annually.
In the case of a successful test run, at least 1,000 European terminals could become customers of this now-Latvian startup. Some of the largest ports in Europe, including Hamburg and Rotterdam, have expressed their interest in the product.
For Marine Digital System, Latvia has become their entry point to the €400 million/year European marine transportation industry.
