Press release: TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management Ltd (“Tufton”), has inked a commercial agreement with Anemoi Marine Technologies Ltd – a global leader in wind assisted propulsion for commercial vessels – to supply and fit the bulk carrier TR Lady with three large Rotor Sails and Anemoi’s patented Rail Deployment System. The Rail Deployment System allows the Rotor Sails to be moved across the deck to minimise impact on port operations. TR Lady is a CS Marine design 82,000DWT Kamsarmax bulker, built in 2017 by Yangzijiang Shipbuilding Group, and managed by Tufton.
Rotor Sails, also known as ‘Flettner Rotors’ are vertical cylinders which, when driven to rotate, harness the renewable power of the wind to provide additional forward thrust. These highly efficient mechanical sails capitalise on the aerodynamic phenomenon known as the Magnus Effect and will deliver significant fuel and emission savings to TR Lady.
TR Lady will be retrofitted with the Rotor Sails during scheduled dry docking of the vessel. Anemoi will provide full project management, supply and delivery of the system equipment. Work will be undertaken at a Chinese yard and is scheduled to be completed in mid-2022. Class approvals will be awarded by Lloyd’s Register.
Andrew Hampson, CEO of Tufton said: “Tufton is committed to achieving IMO’s ambition of aligning the industry with the Paris Agreement. The commercial agreement with Anemoi is representative of Tufton’s capability to carefully select from a variety of environmentally friendly technologies in order to achieve commercial as well as environmental targets. I am pleased to work with Anemoi and look forward to a successful installation with the resulting reduction in emissions.”
Kim Diederichsen, CEO of Anemoi Marine Technologies said: “This landmark commercial agreement demonstrates Tufton’s confidence in our technology and proves their industry leadership and commitment to a decarbonised shipping industry. I am delighted to be working with a company that shares our environmental values and I look forward to a successful installation. Recently, we have seen significant interest and demand for our wind propulsion systems as our industry continues to place environmental stewardship at the top of its agenda. Tufton are definitely leading the way and we are pleased to be able to support them on that journey.”
About Tufton
Tufton Investment Management Ltd. is a leading investment manager focused on the shipping industry with more than $1.1b of assets under management across a number of funds. Tufton is committed to responsible investment through integrating environmental, social and governance (ESG) principles into its business processes and since 2018 has been a signatory of the United Nations Principles for Responsible Investment.
About Anemoi
Anemoi Marine Technologies is a leading provider of Rotor Sails to the shipping industry. The energy saving technology offers significant reductions in fuel consumption and lowers CO2, SOx and NOx emissions to deliver more efficient ships.
Following extensive research and development, Anemoi has commercialised the product for widespread adoption by the global merchant fleet. With a background in the bulk carrier sector, Anemoi’s patented design addresses operational considerations, proving it can work for the majority of sectors.
Rotor Sails play a key part in addressing industry environmental targets and creating a sustainable future of shipping.
