Høglund Marine acquires two-thirds stake in Vindskip

13 October 2020 (Last Updated October 13th, 2020 12:18)

Høglund Marine Solutions has acquired a two-thirds stake in Vindskip AS, a company engaged in the development of a car / truck carrier that integrates wind and gas power to achieve the lowest possible emissions in its market segment.

Høglund Marine acquires two-thirds stake in Vindskip
Høglund to play central role in bringing Vindskip concept to reality. Credit: Høglund Group.

Høglund Marine Solutions has acquired a two-thirds stake in Vindskip AS, a company engaged in the development of a car / truck carrier that integrates wind and gas power to achieve the lowest possible emissions in its market segment.

Norway-based Hoglund expects to bring its experience and expertise from offering liquefied natural gas (LNG) and automation solutions to the Vindskip project, the design of which uses the shape of the hull to act as a sail.

Hoglund will also deliver LNG fuel system, power management and automation technology, alongside Vindskip’s co-owner Stadt.

Vindskip harnesses the wind to generate traction and offer auxiliary propulsion while also decreasing aerodynamic drag by up to 75% compared to traditional vessel design.

The vessel will incorporate a weather routing module and will be powered by a flexible hybrid electric-LNG propulsion system that could use biogas for further reduction of greenhouse gas (GHG) emissions.

The Vindskip design is expected to emit 63% less CO₂ and 96% less NOx compared to similar capacity car-carrying vessels that are currently in service.

As part of the acquisition, Høglund president Børge Nogva has become the chairman of the board at Vindskip.

Nogva said: “With the pressure on shipping to reduce GHG emissions increasing, it is more important than ever to demonstrate how innovative we can be in meeting this critical environmental challenge.

“I’m delighted that Høglund’s role in the development of the Vindskip concept has increased, which will allow us to collaborate and bring our expertise to this unique and innovative project. Wind-assisted propulsion has great potential but it needs careful integration of hardware and software to realise.”

Høglund provides advanced marine technology to the global shipping industry, specialising in system integration.

Høglund Marine had recently collaborated with Veracity by DNV GL to help shipowners accelerate their digital initiatives.

The partnership will integrate Høglund’s on-board integration and data capture capabilities with Veracity’s platform architecture and eco-system.