Quadrise Chairman Andy Morrison joined Steve Darling from Proactive to deliver a business update highlighting continued momentum across the company’s core initiatives, despite minor delays.
Morrison reported that all commitments made during the January funding round remain on track, including the near-finalisation of a key agreement with major shipping customer MSC. He acknowledged that regulatory hurdles and shipping route adjustments had extended legal timelines but stressed the deal is “very, very close” to completion.
The company is also making steady headway in Morocco and Panama, with tangible developments expected in the coming quarter. Morrison pointed to rising regulatory support—such as the International Maritime Organization’s reinforced environmental targets—as a tailwind for Quadrise, particularly given growing demand for immediate marine fuel solutions like biofuels.
On internal changes, Morrison addressed the recent leadership shift with former CEO Jason Miles now serving as Chief Technology Officer. He described the move as a “natural progression” in line with Quadrise’s strategic acceleration. Morrison is currently stepping into expanded executive duties while the search for a new CEO is underway.
Looking to Q3, Morrison emphasized that visible progress on the company’s major international projects will be key for investor confidence. He also referenced broader global focus on ocean sustainability, citing Prince William’s remarks at the Blue Economy and Finance Forum as reflective of growing urgency around cleaner shipping solutions—an area where Quadrise is poised to deliver impact.
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