Berge Bulk Launches Cargo Ship Using Wind-Assisted Propulsion to Cut Emissions – ESG Today

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    Berge Bulk Launches Cargo Ship Using Wind-Assisted Propulsion to Cut Emissions – ESG Today

    Berge Bulk Launches Cargo Ship Using Wind-Assisted Propulsion to Cut Emissions

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    Dry bulk ship owner Berge Bulk announced the launch of its 210,000 Metric Tons Deadweight vessel, Berge Olympus, retrofitted with four BARTech WindWings by Yara Marine Technologies, that use wind power to reduce fuel consumption and CO2 emissions.

    Yara’s WindWings, each possessing an aerodynamic span of 37.5 metres height and 20 metres width, provide an advanced wind-assisted propulsion and route optimization system.

    Thomas Koniordos, Chief Executive Officer, Yara Marine Technologies said:

    “Wind-assisted propulsion has the potential to offer immediate long-term solutions for shipping’s pathway to Net Zero. We are proud to work with trusted partners such as Berge Bulk and ensure that this technology can be scaled and manufactured to shipping’s high standards, ensuring a robust and resilient supply chain that can meet industry demand.”

    According to the companies, the new installation will enable fuel savings of 6 tonnes per day, on an average worldwide route, as well as a CO2 emissions reduction of approximately 19.5 tonnes per day. The retrofit also establishes the Berge Olympus as the world’s most powerful sailing cargo ship.

    Berge Bulk added that the installation forms part of its ambition to become carbon neutral by 2025, and that it will evaluate               the installation of WindWings on more of its vessels that trade on routes with favorable wind conditions. Berge’s decarbonization plan includes a focus on improving fleet efficiency, leveraging maritime technology, piloting new fuels, and investing in carbon capture.

    James Marshall, Chief Executive Officer, Berge Bulk said:

    “At Berge Bulk, we are constantly striving to enhance our efficiency and reduce the environmental impact of our existing fleet. From 2008 until today, we have achieved a remarkable 46% reduction in our CO2 emissions per tonne mile, already surpassing the 2030 IMO target for reducing carbon emissions intensity. There’s still so much to do as we accelerate the transition to new fuel in the zero-carbon future.”

    Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.