CM Energy Tech Co., Ltd. and Union Maritime Limited (UML) have signed a supply contract to design and manufacture the WindWings system to be installed in UML's vessel. This is the first order for such sail products received by CM ENERGY and BAR Technologies. The vessel, currently being built at the renowned Shanghai Waigaoqiao Shipbuilding (SWS) yard in China with 114,000DWT, will each feature three WindWings developed by BAR Technologies and manufactured in partnership with CM ENERGY.

UML is a leading tanker owner and operator with a diverse range of ship assets. WindWings is the cutting-edge wind propulsion system developed by BAR Technologies, which has successfully delivered 6 sets and achieved good performance in the second half of 2023. UML's new long-range tanker is the latest vessels to adopt BAR Technologies' WindWings solution.

The shipping industry is increasingly embracing wind propulsion technology to improve efficiency and reduce the sector's CO2 emissions. WindWings have demonstrated their effectiveness in reducing fuel consumption and CO2 emissions, with potential savings of up to 1.5 tonnes of fuel and around 5 tonnes of CO2 per wing per day on typical global routes. WindWings operate in conjunction with a route optimisation system that adjusts the rigid sails based on wind conditions, vessel speed, and course, without compromising the vessel's speed.

In the backdrop, in early December 2023, CM ENERGY signed a cooperation agreement with BAR Technologies on rigid sails, and the two parties formed a strong alliance to jointly launch the WindWings products. The product aims to provide solutions for global maritime industry to achieve industry-wide targets such as reducing vessel EEDI, EEXI index, and CII carbon emission intensity. At the same time, it greatly helps to reduce vessel operating costs and benefit operators.