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Lomar Shipping wraps up $1 billion newbuilding investment program
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TS Lines books 7,000 TEU boxship quartet at SWS
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Tufton to install Anemoi’s rotor sails on a bulk carrier May 26, 2021, by Jasmina Ovcina
TR Lady Shipping, a portfolio company of Tufton Investment Management, has inked an agreement with Anemoi Marine Technologies to install rotor sails on an 82,000DWT Kamsarmax bulker.
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.
Under the terms of the deal, the bulk carrier TR Lady will be supplied and fitted with three large rotor sails and Anemoi’s patented rail deployment system, which allows the sails to be moved across the deck to minimize the impact on port operations.
Speaking at the Shipbuilding Market Outlook session at the Sea Asia Virtual Preview, Gu Hai, vice president, Singapore Innovation and Research Center, ABS said that when the pandemic hit, the orderbook for newbuild vessels over 2,000 dwt was at a 30-year low.
The orderbook at the start of 2021 stood at 8% of the world fleet in gross tonnage terms, down from 52% at its peak in 2008. Over the same period, the number of active yards fell from 930 to 391.
“We had a good start this year with 169 new orders by the end of March, and a Clarksons projection of about 1,100 new orders this year. There’s some good news,” said Gu. Tightening regulation such as EEXI and CII create replacement pressure on the fleet which will support the orderbook in the longer term, he added.
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