Tokyo headquartered MOL O.S.K. Lines has announced that it is joining the International Windship Association (IWSA) as a full member.
The news comes following the recent AIP approval for the Wind Challenger, wind-assisted vessel design by Class NK.
As an IWSA member, MOL will bring substantial experience and industry know-how on wind-assisted and primary wind propulsion. According to an EU commissioned report on the wind propulsion market in 2017, more than 10,000 wind propulsion installations by 2030 are predicted. In addition, the UK Clean Maritime plan forecast market potential at £300 million per year over the next decade growing to £2 billion per year by the 2050s.
MOL has been engaging with IWSA over the last few years through the ‘Wind Challenger Project’ which was started in 2009 with the “Wind Challenger Plan,” an industry-academia joint research project led by the University of Tokyo, and from 2013, the team was chosen to receive “Subsidy for Next-generation marine environment-related technology research” by the Japanese Ministry of Land, Infrastructure, Transport and Tourism. In January 2018, MOL and Oshima Shipbuilding took charge of the plan and now play a central role in the delivery of this project and technology.
“Having Mitsui O.S.K. Lines step up and take on the delivery of the Wind Challenger project is a significant step forward for both the project and wind propulsion in the industry in general. MOL is a key player in the industry and we are delighted to welcome them on board at a critical juncture in the decarbonisation transition in shipping. I look forward to working with the MOL team going forward,” said Gavin Allwright, secretary general of IWSA.