Wind Power and the Charter Party Challenge
This week, wind-assist company BAR Technologies published an article on LinkedIn titled The Charter Party Challenge, the challenge being how do shipowners reap the benefits of installing wind-assist technology when it is the charterer that usually benefits from lower fuel consumption.Even though there’s around 100 vessels now sailing with wind-assist systems, and that number is expected to double over the next 12 months, suitable charter party agreements are still somewhat bespoke solutions rather than following an industry standard.The consequence is…
Jotun-Coated Vessels See 11.8m Tons of Avoided CO₂ Emissions
Jotun, a leading manufacturer of marine coatings, reported an estimated 11.8 million tons of avoided CO₂ emissions for vessels coated with its products in 2025, an increase from 11.1 million tons from the year before. The result is verified based on an independent technical evaluation conducted by DNV.The verified avoided emissions is based on the average speed loss of the vessels included in the evaluation, compared to an industry benchmark referenced in ISO 19030. The evaluation…
