According to S&P Global, Dutch shipping company Amasus has placed a new order with bound4blue for a suction sail system, set to be the largest of its kind installed on a general cargo ship. This initiative aligns with ongoing efforts in the maritime industry to reduce greenhouse gas emissions and adopt sustainable shipping practices.
Wind-Assisted Propulsion for Efficiency
The 22-meter suction sail, a wind-assisted propulsion system, will be retrofitted to a 2,876-dwt vessel at Astander Shipyard in Santander, Spain, in mid-2025. Amasus emphasized the need for innovative technological solutions to enhance the efficiency, responsibility, and sustainability of the shipping industry.
Regulatory Push for Sustainable Shipping
With the European Union and the International Maritime Organization tightening regulations on greenhouse gas emissions, a growing number of ship operators are exploring wind power as a viable energy-saving solution. FuelEU Maritime, the EU’s new regulation on the GHG intensity of marine energy, recognizes wind-assisted propulsion as a compliance option.
Fuel Savings and Payback Period
According to bound4blue, their technology can reduce fuel consumption by up to 40%, with a payback period of under five years. This period could be shortened further with the adoption of more expensive alternative fuels.
Amasus’ Experience with Suction Sails
In July 2023, Amasus installed two 17-meter suction sails on its general cargo ship Eems Traveller. This new order marks the first time bound4blue has secured a second agreement with a shipowner, reflecting growing confidence in wind-assisted propulsion technology.
Market Dynamics and Fuel Costs
As conventional ships may continue to rely on biofuels under the regulatory drive, the delivered bunker price for 0.5% sulfur marine fuel oil averaged $568.04/mt in September. Meanwhile, the price for B30 with 30% FAME 0 stood at $750.78/mt, further influencing operators to consider wind-assisted propulsion for cost savings.
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Source: S&P Global
