Chevron & Mitsui Team Up to Install Wind Challenger on LNG Carrier [Yahoo! Finance]
MITSUI O.S.K. LINES U/ADR (MSLOY)
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Source: Yahoo! Finance
Inc., through its unit Chevron Shipping Company LLC, has partnered with Mitsui O.S.K. Lines, Ltd., Tokyo-based Japanese transport company, to launch a groundbreaking venture aimed at revolutionizing the shipping industry. This collaboration focuses on installing the Wind Challenger, a hard sail wind-assisted ship propulsion system developed by Mitsui and Oshima Shipbuilding, on a newly constructed LNG carrier. This partnership is part of CVX's broader mission to lower the carbon intensity of its global operations, pushing the boundaries of sustainable innovation. The vessel, set to be equipped with Wind-Assisted Ship Propulsion Systems, is currently under construction at the Geoje Shipyard of Hanwha Ocean Co., Ltd., delivery expected in 2026. This project represents a milestone for CVX and Mitsui, marking the world's first LNG carrier fitted with wind-assisted propulsion. The Wind Challenger is a cutting-edge telescopic sail system that uses wind to assist in the propulsion of lar
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