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Norsepower, IINO Lines, and Mizuho

Norsepower, IINO Lines, and Mizuho Leasing combine to launch groundbreaking rotor sail leasing initiative

Group aims to remove financial barriers to accessing the benefits of the Norsepower Rotor Sail™ Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, IINO Kaiun Kaisha, Ltd. (IINO Lines), and Mizuho Leasing Company, Limited (Mizuho Leasing) have jointly and exclusively signed a co-operation agreement to launch a ground-breaking mechanical sail...

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Yet another repeat order – 3rd Norsepower Rotor Sail™ for Northern Lights Joint Venture (Shell, Equinor and TotalEnergies)

Decarbonising energy supply chains  Norsepower, the global leader in mechanical sails, will support Northern Lights, a joint venture between oil majors Equinor, Shell, and TotalEnergies, on its decarbonisation journey. Built by Dalian Shipbuilding Offshore Co.,Ltd (DSOC), this will be the third vessel ordered by Northern Lights that will be powered by wind propulsion technology.   The...

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Using wind propulsion technology and voyage optimisation to reduce CO₂ emissions by 28%

We know the Norsepower Rotor Sails™ can cut CO₂ emissions and amplify fuel savings when combined with voyage optimisation. But how much exactly can modern sail power achieve?   Norsepower’s mission is to lead shipping towards zero carbon emissions, so we recently quantified the potential CO₂ emissions and fuel savings of installing the Flettner rotor on...

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IINO LINES, J-Power and Norsepower collaborate to install world’s first rotor sail on a dedicated coal carrier

IINO Kaiun Kaisha, Ltd. (Head Office: Chiyoda-ku, Tokyo; President and Representative Director: Yusuke Otani; hereinafter “IINO LINES”) and Electric Power Development Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director President: Hitoshi Kanno; hereinafter “J-POWER”) have agreed to install a Norsepower Rotor Sail™ (wind propulsion auxiliary device) manufactured by Norsepower Oy Ltd. (Head Office: Finland; CEO: Tuomas...

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Tradewinds feature explores Norsepower’s springboard for success

Norsepower’s CEO Tuomas Riski recently spoke with TradeWinds journalist Bob Rust about the company’s imminent expansion from single-ship to fleet-wide installations of its Norsepower Rotor Sail™️ product. The company is snatching more of the €1bn global wind-assist market with its product’s proven emissions-cutting potential of 8-25%, or even more. These sorts of cuts can bump...

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Norsepower and IINO Lines agree to install Norsepower Rotor Sails™️ on a newbuild VLGC

A further signal of growing demand for proven clean and cost-effective shipping services Helsinki, Finland: 31 March 2023: Norsepower Ltd., the leading global provider of auxiliary wind propulsion systems, and global shipping company IINO Lines, today announced a contract for the delivery and installation of two Norsepower Rotor Sails™️ on a newbuild Very Large Gas Carrier...

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Norsepower secures €28 million from investors to bring sails back to shipping

Helsinki, Finland – 28, March 2023: Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, has successfully secured 28 million euros in its latest Series C fundraising round. French asset manager Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, led the fundraising through its impact private equity Mirova Environment...

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MOL and VALE agree to install two Norsepower Rotor Sails™️ to an in-service Capesize Bulk Carrier

Tokyo, Japan: 08 March 2023; Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo) and Vale International SA (VALE; CEO: Eduardo Bartolomeo Headquarters: Rio de Janeiro, Brazil) have today announced a partnership to retrofit a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation of iron ore for Vale,...

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