Norsepower and COSCO Shipping Heavy Industry Equipment (CHIC) deepen cooperation

Building on their previously announced Memorandum of Understanding, Norsepower and China’s CHIC have agreed a comprehensive new framework for long-term collaboration across the rotor sail value chain, including production, sales, installation, service and joint engineering development of Norsepower Rotor Sails™.

The global market for wind propulsion has gained significant momentum in recent years, as shipowners seek proven solutions to improve fuel efficiency and meet tightening regulations. Against this backdrop, Norsepower has identified the expansion of its production capacity as a key factor in meeting growing demand and maintaining technological leadership.

This cooperation agreement establishes a long-term framework for in-depth collaboration by fully integrating the core resources and strengths of both parties. It combines Norsepower’s operational expertise in rotor sail technology, advanced intelligent control systems, and continuous innovation capabilities with CHIC’s large-scale manufacturing capacity, mature installation processes, and global service network to jointly explore project opportunities in the global market, and promote the large-scale application of wind propulsion technology across global fleets. The agreement also defines a cooperation roadmap and development phases, laying a solid foundation for the steady advancement of future collaboration.

Heikki Pöntynen, CEO of Norsepower, commented: “By deepening our cooperation with CHIC, we are creating a strong foundation for scaling Norsepower Rotor Sail™ production and accelerating the adoption of wind propulsion across global fleets.”

By combining advanced wind propulsion technology with world-class manufacturing expertise, Norsepower and CHIC aim to accelerate the large-scale adoption of wind propulsion and contribute to the sustainable transformation of global shipping.