Smart Green Shipping is preparing to carry out a demonstration of its FastRig wingsail this year.
The flagship Jebel Ali port handled 14 million TEUs last year, up 1.7% from 2021.
Spain’s Astilleros Armon Gijon yard is constructing the vessel, named ‘Margarita Salas’.
Advance Properties, GEK TERNA, and a consortium of INTRAKAT and TEKAL submitted EoIs.
The 229.90m-long vessel has a moulded breadth of 37.20m, moulded draft of 11.60m and moulded depth of 21.90m.
Get industry leading news, data and analysis delivered to your inbox
The ship design adheres to the EU Stage V standards applicable to non-road mobile machinery (NRMM).
With a length of 288.7ft and breadth of 57.7ft, the vessel has the capacity to accommodate 80 crew and technicians.
The investment comes after oil tanker firm Frontline terminated a planned merger deal with Euronav.
Sunflower Kurenai is the first of two ferries that will be operated by Ferry Sunflower.
The ferry is scheduled to be delivered in 2025.