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The American Bureau of Shipping and warehouse giant Prologis will anchor a $200 million venture capital fund betting on a U.S. revival in maritime and logistics, The Wall Street Journal reports.
The fund will tap into growing government and private sector interest in supply chain efficiency, port logistics and the broader maritime industry, according to Marina Hadjipateras, a founder and managing partner of New York-based venture capital firm TMV.
“We are in the early stages of a multidecade rebuild of the industry and the infrastructure around it,” Hadjipateras says.
The Biden and Trump administrations have both warned in recent years of China’s growing dominance of the global shipping industry and the urgency of a U.S. maritime revival.
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