Norsepower and Keppel sign Rotor Sail deal

Under the agreement, OTD will provide the initial survey, design and engineering works and organise the equipment installation for Norsepower’s Rotor Sails. Norsepower will deliver project management, delivery and installation supervision, servicing and warranty support.

This announcement represents a significant step in fully commercialising the Rotor Sail which is capable of achieving a reduction of between five and 20% in emissions, as well as reducing fuel costs.

Imminent regulation changes and pressure on the shipping industry to enter an emissions trading scheme are having an impact on how charterers are selecting their vessels. Now that fuel efficiency and environmental performance are becoming critical to shipowners’ survival, wind propulsion is becoming an increasingly attractive technology.

The Norsepower Rotor Sail Solution is the first third-party verified and commercially operational auxiliary wind propulsion technology for the global maritime industry. Norsepower has completed five installations to date and is due to complete its sixth installation of five tilting Rotor Sails on a bulker during the first half of this year.