One chapter of Norsepower’s remarkable growth story ends and another begins as Mr Tuomas Riski passes his CEO position onto Mr Heikki Pöntynen, who has been a member of Norsepower’s board. Mr Pöntynen has held several maritime management positions in Finland, China, Hong Kong, and the USA. Norsepower thanks Mr Riski for the significant contribution...
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...
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...
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...
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...
Do you know what Viking sailors and our company, Norsepower, have in common? Harnessing the power of the wind. While the Vikings preferred windproof woollen sails soaked in resinous material, we’ve opted for a safer and more efficient, giving sails a modern spin – literally. Every day, we work towards one purpose: to support a...
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...
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...
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...
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,...