Norwegian owner Wilson is splashing out on up to 14 new energy-efficient bulkers in India.
The shortsea specialist, which went private this year, has picked Cochin Shipyard to build six firm 3,800-dwt vessels, with options for eight more ships, which will be larger.
Photos of the new design show the vessels fitted with two Econowind sails at the stern.
Deliveries of the first six ships is planned by early 2025.
Indian media said the initial units are costing INR 5.8bn ($71m) combined.
The vessels will be designed to meet and surpass environmental standards, Wilson said.
“We build with an emphasis on environmental benefits, flexibility and efficiency,” chief financial officer Stig Vangen told TradeWinds.
The ships are equipped with energy-efficient machinery, optimised hull design and systems for optimal resource utilisation and fuel savings.
These add up to between 40% and 50% below today’s emissions, with options for more reductions.
“We are truly excited about the numerous environmental benefits, flexibility and efficiency these vessels will bring,” Vangen said. “This significant investment underscores our commitment to sustainable practices and our dedication to staying at the forefront of the industry.”
Easing the transition
He said flexibility in fuel types allows shipping companies to transition to more sustainable fuels gradually.
“This flexibility provides the opportunity to test and adopt emerging technologies and alternative fuels, such as hydrogen, ammonia, battery or synthetic fuels, as they become viable options,” he said.
Wilson runs 133 ships, of which 112 are owned.
It was delisted from the Oslo Stock Exchange in May by main shareholder Kristian Eidesvik due to a lack of liquidity in the share.
Net profit in the fourth quarter was €18.6m ($20.3m), down from €19.9m in the same period of 2021.
Daily time charter income was up at €6,294 from €5,824 a year ago and revenue grew to €119m from €102m, but vessel operating costs jumped to €48.7m from €37.1m year on year.
