Marine Technology Reporter Blogs - oceantech smart growth

The Government of Newfoundland and Labrador has announced a $500,000 investment in NavSim Technology Inc., a St. John’s-based software and hardware developer of electronic navigation solutions. The investment will support the company’s efforts to target growth opportunities in international markets for its navigational software which reduces the risk of collision or grounding for recreational boaters and major ship traffic. According to the company, NavSim currently has a greater than 90 per cent share of the Canadian piloting market for the safe and efficient navigational handling of marine traffic near land using buoys and other landmarks.