Norsepower wins first newbuilding contract

Helsinki-based Norsepower Oy Ltd has announced its first order for Rotor Sails to be installed on a newbuilding. Five tiltable Rotor Sails will be provided during 2021 for a large bulk carrier, whose owner prefers to remain anonymous at this stage.

The latest contract will be the company’s sixth installation, following five retrofit deals so far. Various test results, verified independently by third parties including Lloyd’s Register, have confirmed energy savings of 5% to 20%, depending on wind strength and direction.

Norsepower CEO, Tuomas Riski commented on the significance of the contract. “Installing the Rotor Sails on the first bulk carrier demonstrates that our technology is adaptable for both retrofits and newbuild vessels, and across varied operational profiles and vessel types.

“The Rotor Sails can improve a vessel’s Energy Efficiency Design Index,” he continued, “and future-proof vessels against impending IMO greenhouse gas regulations. There is incredible value in using wind propulsion, particularly as it is a solution available now, with proven results.”