World News
Oceanwings Wins DNV Approval for Wind-Assisted Propulsion System
Classification society DNV has granted its preliminary approval to a wind-assisted propulsion system from maritime technology firm OceanWings.
DNV has awarded approval in principle to the OceanWings windsail, the wind-assisted propulsion firm said in a statement on its website this week.
The approval will allow OceanWings to move a step closer to full-scale commercialisation of the system, the company said.
"Receiving the AIP from DNV is a testament to our team's dedication to creating a cleaner and more sustainable future for shipping," Christophe Paillusseau, vice president for sales and marketing at OceanWings, said in the statement.
"With the increasing focus on decarbonization, our solution offers a practical and cost-effective pathway for shipowners to meet stricter environmental regulations."
The shipping industry is showing growing interest in wind-assisted propulsion as a means of delivering modest cuts to fuel consumption and emissions without needing to order new ships capable of running on ammonia, methanol or bio-LNG.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 590.00 | 4.00 | 672.50 | 20.00 |
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| Houston | 530.50 | 7.00 | 659.00 | 9.00 |
| Fujairah | 581.50 | 12.00 | 758.50 | 6.00 |
| Global 20 Ports Average | 595.50 | 4.50 | 755.50 | 9.00 |
| Global 4 Ports Average | 556.50 | 7.00 | 690.00 | 11.00 |
| Global Average Bunker Price | 641.00 | 4.50 | 811.00 | 5.50 |
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