The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

World

Wind-powered cargo ship sets sail in a move to make shipping greener

by August 22, 2023
August 22, 2023
Wind-powered cargo ship sets sail in a move to make shipping greener

A large red cargo ship named Pyxis Ocean set out on its maiden voyage this month. But unlike most others before it, this one is powered, in part, by wind.

The ship, chartered by US shipping firm Cargill, has been retrofitted with two WindWings – large steel sails 37.5 meters (123 foot) tall, designed by UK company BAR Technologies and produced by industrialization partner Yara Marine Technologies.

The wings are expected to generate emissions savings of up to 30%. If used in combination with alternative fuels, developers say that the savings would be even higher.

The voyage, which began in China and is currently headed towards Brazil, will put the technology to the test.

Wind power

The shipping industry produces more than one billion tons of carbon dioxide each year, accounting for nearly 3% of human-caused global emissions. In July, the sector pledged to reduce its planet-heating pollution to net zero “by or around 2050.” The use of wind is one way towards this. While it’s not a new concept (sailing ships date back more than 5,000 years) new wind assisted propulsion technologies have been making an appearance in recent years.

Huge kites and rotor technologies have been tried on cargo ships in attempts to reduce their dependence on diesel. But according to the International Windship Association, there are only around 20 large commercial vessels equipped with wind propulsion operating today.

The entrance of Cargill – one of the world’s largest agricultural traders, transporting around 225 million tons of commodities each year – could be influential.

Scaling up

One of the major benefits of the WindWings project, which is co-funded by the European Union, is that it offers a retrofit solution that could help to reduce the carbon emissions of existing vessels. According to Cargill, 55% of the world’s cargo fleets are up to nine years old.

Not only do the wings help to reduce the emissions of the ship, they will also help vessel owners meet new industry rules on energy efficiency, and save money by cutting fuel consumption, according to Cargill. The company says that on an average global route, WindWings can save 1.5 metric tons of fuel per wing per day, with the possibility of saving more on trans-ocean routes. The firm notes that this could become even more important when using greener future fuels (such as ammonia and methanol), which are expected to cost more.

Experts have noted that for wind-assisted technologies to become widespread, their cost must be in line with the fuel savings they provide.

The WindWings are made from steel and glass composite, and before the ship enters a port or passes under a bridge, they can be folded on deck to avoid collisions. They were fitted onto Pyxis Ocean in Shanghai, before the ship traveled to Singapore, where it was loaded with fuel and officially launched.

The performance of the wings will be carefully monitored along the route so that improvements can be made to the design before it is produced at scale.

Cooper says that BAR Technologies already has other contracts in the works, including a vessel chartered by Vale that is equipped with four WindWings and is scheduled to set sail from Shanghai in September.

“We look forward to supporting the global shipping industry as it transitions to greener, cleaner propulsion and design,” he says.

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
10 Lithium Stocks Betting on Direct Lithium Extraction
next post
Tropical Storm Harold heads toward South Texas, threatening floods and dangerous storm surge

You may also like

Brazilian navy confirms location of World War II...

Pakistani star’s Bollywood return excites fans and riles...

The complicated truth about San Francisco

Plane takes off with passengers but not a...

Soccer legend Andrés Iniesta on Lionel Messi and...

Britain’s Starmer says Biden ‘in good form’ in...

Pope Francis arrives in the world’s most Catholic...

Turkey detains more than 1,400 protesters and multiple...

Inter Miami loses first game since Lionel Messi’s...

Iranian navy seizes Israel-linked container ship amid escalating...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • FBI calls for public tips on children hurt in ‘gender-affirming’ surgeries

    • Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker

    • LIZ PEEK: Trump must stay strong, US reliance on Chinese minerals and drugs puts Americans at risk

    • Byron Allen puts broadcast TV stations up for sale

    • South Koreans cast votes for new president to succeed Yoon after his ouster over martial law declaration

    Categories

    • Business (1,674)
    • Investing (5,015)
    • Politics (7,874)
    • World (6,382)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top