Japanese shipowner Nissen Kaiun has become a shareholder in Dutch Wind-Assisted Shipping Propulsion pioneer Econowind.
“The partnership with Nissen Kaiun will support the expansion of our VentoFoil product line, including larger units for deepsea shipping, and could also open the door to future production in Asia. Nissen Kaiun is the perfect partner with a large network in Japan and wider Asian markets. With them becoming a shareholder, we can expand our footprint and accelerate the development of larger units for the deepsea markets.”- Daan Koornneef, Chief Executive Officer of Econowind
The agreement comes as shipowners worldwide look for immediate steps to cut emissions ahead of tightening regulatory targets. Wind-Assisted Ship Propulsion is gaining traction as a fuel-neutral solution that can be combined with any engine type or fuel strategy.
“We recognized that Econowind has a mature Wind-Assisted Ship Propulsion solution in the market. As one of the market leaders Econowind delivers proven technology. Making shipping more sustainable is a top priority at Nissen Kaiun. We are currently looking into installing the large version of their innovative VentoFoils on our vessels. It is well suited to maritime conditions while being easy for the crew to use. This technology allows us to take steps in reducing fuel consumption and emissions.”- Spokesperson for Nissen Kaiun
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