<h4 data-path-to-node="3" style="font-family: "Google Sans", sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="3" data-index-in-node="0" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;">Decarbonization Cannot Wait for "Future Fuels", Says BAR Technologies</b></h4><p data-path-to-node="4" id="p-rc_53294d08dd00bd10-363" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-567" style="line-height: 1.15 !important;"><b>PORTSMOUTH, UK </b>— Marine engineering and clean technology pioneer </span><b data-path-to-node="4" data-index-in-node="65" style="line-height: 1.15 !important;">BAR Technologies</b><span class="citation-567 citation-end-567" style="line-height: 1.15 !important;"> has issued an urgent advisory to global shipowners and maritime financiers, calling on the shipping industry to stop treating decarbonization as a distant challenge contingent on the arrival of alternative green fuels.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="3" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="5" id="p-rc_53294d08dd00bd10-364" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-566" style="line-height: 1.15 !important;">The Portsmouth-based company, renowned for developing the </span><b data-path-to-node="5" data-index-in-node="58" style="line-height: 1.15 !important;">WindWings®</b><span class="citation-566 citation-end-566" style="line-height: 1.15 !important;"> rigid wind-sail propulsion system, emphasized that hesitation over future fuel availability, green bunkering infrastructure, and pending International Maritime Organization (IMO) policy details must not become an excuse for delaying immediate investments in commercially proven, energy-saving technologies.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="4" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="6" id="p-rc_53294d08dd00bd10-365" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-565" style="line-height: 1.15 !important;">The statement arrived in response to a newly published landmark study by </span><b data-path-to-node="6" data-index-in-node="73" style="line-height: 1.15 !important;">EY Greece</b><span class="citation-565 citation-end-565" style="line-height: 1.15 !important;">, which warned that the global shipping sector's path toward net-zero emissions will be highly uneven, capital-intensive, and constrained by tight access to competitive financing, limited shipyard retrofitting capacity, and fragmented commercial incentives between shipowners and charterers.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="5" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h4 data-path-to-node="8" style="font-family: "Google Sans", sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="8" data-index-in-node="0" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;">Wind Propulsion Passes Major Commercial Adoption Milestone</b></h4><p data-path-to-node="9" id="p-rc_53294d08dd00bd10-366" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-564 citation-end-564" style="line-height: 1.15 !important;">While agreeing with the EY Greece report that long-term alternative fuel planning remains essential, BAR Technologies highlighted that mechanical wind propulsion has already transitioned from experimental demonstration projects into a mainstream, commercially viable solution.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="6" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="10" id="p-rc_53294d08dd00bd10-367" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-563" style="line-height: 1.15 !important;">Data released by the </span><b data-path-to-node="10" data-index-in-node="21" style="line-height: 1.15 !important;">International Windship Association (IWSA)</b><span class="citation-563" style="line-height: 1.15 !important;"> confirms that </span><b data-path-to-node="10" data-index-in-node="77" style="line-height: 1.15 !important;">over 100 large commercial cargo ships</b><span class="citation-563" style="line-height: 1.15 !important;">—representing a combined deadweight capacity exceeding </span><b data-path-to-node="10" data-index-in-node="169" style="line-height: 1.15 !important;">5 million deadweight tonnes (DWT)</b><span class="citation-563 citation-end-563" style="line-height: 1.15 !important;">—are now actively fitted with wind-assisted propulsion systems.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="7" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-562" style="line-height: 1.15 !important;">This figure represents nearly a </span><b data-path-to-node="10" data-index-in-node="298" style="line-height: 1.15 !important;">fivefold increase</b><span class="citation-562 citation-end-562" style="line-height: 1.15 !important;"> compared to May 2022 benchmarks.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="8" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="11" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;">For its part, BAR Technologies confirmed significant operational momentum:</p><ul data-path-to-node="12" style="padding-inline-start: 32px; font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="12,0,0" id="p-rc_53294d08dd00bd10-368" style="line-height: 1.15 !important;"><span class="citation-561" style="line-height: 1.15 !important;"></span><b data-path-to-node="12,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Fleet Deployment Target:</b><span class="citation-561" style="line-height: 1.15 !important;"> By the end of 2026, </span><b data-path-to-node="12,0,0" data-index-in-node="45" style="line-height: 1.15 !important;">10 commercial vessels</b><span class="citation-561" style="line-height: 1.15 !important;"> will be operating with </span><b data-path-to-node="12,0,0" data-index-in-node="90" style="line-height: 1.15 !important;">23 WindWings® units</b><span class="citation-561 citation-end-561" style="line-height: 1.15 !important;"> installed.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="9" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="12,1,0" id="p-rc_53294d08dd00bd10-369" style="line-height: 1.15 !important;"><span class="citation-560" style="line-height: 1.15 !important;"></span><b data-path-to-node="12,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">Direct Emission Reductions:</b><span class="citation-560" style="line-height: 1.15 !important;"> The active WindWings® fleet will deliver a combined CO2 emissions reduction of approximately </span><b data-path-to-node="12,1,0" data-index-in-node="121" style="line-height: 1.15 !important;">100 metric tonnes per day</b><span class="citation-560 citation-end-560" style="line-height: 1.15 !important;">.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="10" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="12,2,0" id="p-rc_53294d08dd00bd10-370" style="line-height: 1.15 !important;"><b data-path-to-node="12,2,0" data-index-in-node="0" style="line-height: 1.15 !important;">Zero Infrastructure Dependency:</b><span class="citation-559" style="line-height: 1.15 !important;"> Unlike green methanol, ammonia, or hydrogen, wind energy requires zero onshore production plants, specialized bunkering terminals, or complex supply chain logistics, delivering immediate fuel consumption savings of </span><b data-path-to-node="12,2,0" data-index-in-node="247" style="line-height: 1.15 !important;">1.5 to 3 tonnes per day per sail</b><span class="citation-559 citation-end-559" style="line-height: 1.15 !important;"> regardless of whether a vessel burns conventional heavy fuel oil, biofuels, or alternative fuels.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="11" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li></ul><h4 data-path-to-node="14" style="font-family: "Google Sans", sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="14" data-index-in-node="0" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;">Addressing Commercial & Financial Barriers</b></h4><p data-path-to-node="15" id="p-rc_53294d08dd00bd10-371" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-558 citation-end-558" style="line-height: 1.15 !important;">BAR Technologies pointed out that the primary obstacles to scaling up wind-assisted propulsion have shifted decisively from technical validation to commercial contract design and capital structures.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="12" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><ol start="1" data-path-to-node="16" style="padding-inline-start: 32px; font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="16,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="16,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Split-Incentive Charter Parties:</b> Under standard time-charter agreements, shipowners bear 100% of the upfront capital expenditure (CapEx) to install energy-efficiency technologies, while charterers receive the primary financial benefit through reduced fuel bills.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="16,1,0" id="p-rc_53294d08dd00bd10-372" style="line-height: 1.15 !important;"><span class="citation-557" style="line-height: 1.15 !important;"></span><b data-path-to-node="16,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">High Cost of Commercial Capital:</b><span class="citation-557 citation-end-557" style="line-height: 1.15 !important;"> In the absence of specialized green lending or blended finance mechanisms, shipowners in tramp, bulk, and tanker trades are forced to finance retrofits via conventional commercial borrowing rates, extending payback periods across uncertain market cycles.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="13" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li></ol><h4 data-path-to-node="18" style="font-family: "Google Sans", sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="18" data-index-in-node="0" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;">Executive Commentary</b></h4><p data-path-to-node="19" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;">Speaking on the industry outlook, <b data-path-to-node="19" data-index-in-node="34" style="line-height: 1.15 !important;">John Cooper</b>, Chief Executive Officer of BAR Technologies, stated:</p><blockquote data-path-to-node="20" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><p data-path-to-node="20,0" id="p-rc_53294d08dd00bd10-373" style="line-height: 1.15 !important;"><i data-path-to-node="20,0" data-index-in-node="0" style="line-height: 1.15 !important;"><span class="citation-556 citation-end-556" style="line-height: 1.15 !important;">"Shipping needs to stop treating decarbonization as something that only begins when future fuels arrive or when every detail of the IMO's Net-Zero Framework is finalized.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="14" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> The industry cannot allow the absence of perfect policy certainty to become an excuse for inaction. <span class="citation-555" style="line-height: 1.15 !important;">Proven technologies are available now, and shipowners can act today."</span></i><span class="citation-555 citation-end-555" style="line-height: 1.15 !important;"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="15" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="20,1" id="p-rc_53294d08dd00bd10-374" style="line-height: 1.15 !important;"><i data-path-to-node="20,1" data-index-in-node="0" style="line-height: 1.15 !important;"><span class="citation-554 citation-end-554" style="line-height: 1.15 !important;">"Wind propulsion is not waiting to be invented or validated—it is already operating on commercial cargo vessels and reducing fuel consumption daily.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="16" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-553 citation-end-553" style="line-height: 1.15 !important;">The priority now must be to remove the financial and contractual barriers preventing wider adoption.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="17" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-552" style="line-height: 1.15 !important;">Lowering the cost of capital and implementing charter party structures that fairly share fuel savings will unlock wind deployment at scale."</span></i><span class="citation-552 citation-end-552" style="line-height: 1.15 !important;"><source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="18" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"></sources-carousel-inline></p></blockquote>
BAR Technologies Urges Shipping Industry to Adopt Wind Propulsion Amid Capital Constraints
The Portsmouth-based company, renowned for developing the WindWings® rigid wind-sail propulsion system, emphasized that hesitation over future fuel availability, green bunkering infrastructure, and pending International Maritime Organization (IMO) policy details must not become an excuse for delaying immediate investments in commercially proven, energy-saving technologies.
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