Japanese Shipowner Nissen Kaiun Takes Stake in Dutch Wind-Assist Pioneer Econowind

Japanese shipowner Nissen Kaiun has become a shareholder in Dutch Wind-Assisted Shipping Propulsion pioneer Econowind. This move highlights growing industry interest in fuel-neutral technologies. The Imabari-based shipping company, which operates a diversified fleet through several subsidiaries, said it had chosen Econowind for its technology.

“We recognized that Econowind has a mature Wind-Assisted Ship Propulsion solution in the market,” a spokesperson for Nissen Kaiun said. “As one of the market leaders Econowind delivers proven technology. Making shipping more sustainable is a top priority at Nissen Kaiun. We are currently looking into installing the large version of their innovative VentoFoils on our vessels. It is well suited to maritime conditions while being easy for the crew to use. This technology allows us to take steps in reducing fuel consumption and emissions.”

Over 130 units sold worldwide
Econowind has developed the VentoFoil, a wing-shaped wind-assist device that drives decarbonization within the shipping markets. More than 130 units have been sold globally, with customers ranging from shortsea and deepsea operators across all market segments. 

Daan Koornneef, Chief Executive Officer of Econowind, said: “The partnership with Nissen Kaiun will support the expansion of our VentoFoil product line, including larger units for deepsea shipping, and could also open the door to future production in Asia. Nissen Kaiun is the perfect partner with a large network in Japan and wider Asian markets. With them becoming a shareholder, we can expand our footprint and accelerate the development of larger units for the deepsea markets.”

The agreement comes as shipowners worldwide look for immediate steps to cut emissions ahead of tightening regulatory targets. Wind-Assisted Ship Propulsion is gaining traction as a fuel-neutral solution that can be combined with any engine type or fuel strategy.

Econowind | econowind.nl