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Wind Power Gains Momentum in the Shipping Industry; Fleet Orders on the Rise

August 24, 2024 1 min read
author Anamika Mishra, Sub Editor
The maritime industry is seeing a significant rise in the adoption of wind propulsion technology, according to the International Windship Association (IWSA). The association reports that shipowners are now placing small fleet orders for wind-powered vessels, marking a shift from the previous trend of single-ship deployments. As of August 1, the IWSA recorded 45 vessels equipped with wind propulsion technology, alongside 10 wind-ready vessels, collectively surpassing 3 million DWT. This represents a three-fold increase in installations over the past year. The growing adoption is attributed to the improved performance of wind propulsion systems, decreasing installation costs,

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