Introduction
Veer has partnered with Fosen Shipyard to develop and deploy two 100-meter wind and hydrogen-powered container vessels. This collaboration aims to revolutionize the shipping industry by introducing zero-emission vessels capable of crossing oceans.
Key Features of Veer’s Design N°1
- Utilizes DynaRig sails for primary propulsion, allowing speeds up to 18 knots and a 10,400-mile range
- Incorporates hydrogen fuel cells as a secondary propulsion system, providing 11 knots and a 1,200-mile range
- Received full approval in principle from the American Bureau of Shipping
- Selected by the European Maritime Safety Agency for studies
- Classified as “absolute zero emissions” by the International Maritime Organization (IMO)
Partnerships and Collaborations
Veer has formed strategic partnerships to ensure the success of this project:
- Bernhard Schutle Ship Management: Partnered to oversee the operation and maintenance of the vessels
- FutureShips: Engaged with this leading ship brokerage firm to facilitate the sale and purchase of ships
- Multiple Charterers: In discussions with various charterers to establish clean liner services, expected to commence in 2027
Financing and Investment
Each container ship is estimated to cost €41 million ($44 million). Veer has secured a €50 million ($54 million) letter of intent from Prow Capital, Amsterdam. The company is also raising capital through a Series A investment round.
The Future of Shipping
Scott McClure, the lead Naval Architect for Veer’s first ship design, emphasizes the importance of non-carbon emitting power sources. “Veer is all about bringing non-carbon emitting vessels to the commercial shipping industry in a viable manner,” he states. “Applying alternative propulsion and fuels with optimized ship design inspired me to work with Veer to achieve this goal.”
Veer’s innovative approach to clean shipping technology is poised to make a significant impact on global trade. By combining wind and hydrogen power, these groundbreaking container ships represent a major step towards a sustainable shipping industry.
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