Norsepower and Cosco Shipping Heavy Industry Equipment (CHIC) have signed a cooperation agreement to expand the production and adoption of Norsepower Rotor Sails.

The agreement was signed in Helsinki by Heikki Pöntynen, CEO of Norsepower, and CHIC’s General Manager in the presence of representatives from both companies.

The new deal builds on an earlier Memorandum of Understanding (MOU) and sets out a broader framework for long-term cooperation across the rotor sail value chain, covering production, sales, installation, service and joint engineering development.

According to the companies, the partnership brings together Norsepower’s know-how in rotor sail technology, intelligent control systems and product development with CHIC’s large-scale manufacturing capabilities, established installation processes and global service network. They said the aim is to support wider adoption of wind propulsion technology across international fleets.

The agreement also sets out a roadmap for cooperation and development phases to guide the next stages of the partnership.

CHIC’s General Manager stated: “We are very pleased to move our partnership with Norsepower beyond the MOU stage. CHIC has long focused on energy efficiency and emission reduction in the maritime sector, committed to delivering green equipment solutions to the industry. Norsepower brings proven rotor sail technology and a strong market position, while CHIC offers deep expertise and significant resources in ship equipment manufacturing. With our complementary strengths, we are confident that this collaboration will enable us to deliver more efficient and reliable wind propulsion solutions to the global shipping industry, contributing to its decarbonisation goals.”

Heikki Pöntynen, CEO of Norsepower, added: “The demand for wind propulsion is growing rapidly as shipowners seek practical and proven ways to reduce fuel consumption and emissions. Expanding high-quality production capacity is therefore essential to meeting market needs. By deepening our cooperation with CHIC, we are creating a strong foundation for scaling Norsepower Rotor Sail™ production and accelerating the adoption of wind propulsion across global fleets.”

The agreement comes as the maritime sector faces rising pressure to cut greenhouse gas emissions and improve energy efficiency. The companies said that wind propulsion systems, such as Norsepower Rotor Sails, are emerging as one of the more practical and scalable options to support shipping’s decarbonisation efforts.