Strategic Teaser · Wind-Assisted Propulsion

Windship

A vertically integrated wind-assisted propulsion platform

The highest independently modelled WAPS output in commercial shipping — now being industrialised 20 km from Marina Bay.

Directed only to institutional, accredited and other wholesale recipients. Not an offer to sell or a solicitation to purchase securities in any jurisdiction. Important notice

49%
DNV-modelled fuel saving, 4-rig Panamax
150 t
Displacement per rig. No deck reinforcement.
$16.7m
Growth capital. Structure negotiable.
20 km
Batam SEZ plant from Marina Bay
Fleet Economics · Illustrative

Run the numbers on your own vessel.

Windship’s published rig-sizing logic, applied to your ship. Change any input; the rig count, wind thrust, fuel saving and carbon effect recalculate at once.

Your vessel
Wind share of propulsion demand
WindEngine
Wind thrust268 kN
Hull resistance at service speed551 kN
Speed under sail alone8.8 knots
Fuel saved per year
Fuel cost saved per year
CO₂ avoided per year
Carbon value per year
Annual value per ship

Illustrative only. Rig count, rig height, wind thrust and hull resistance follow the formulas in Windship’s published fuel-saving calculator (windshiptechnology.com/calculator). Fuel saved is taken as the wind share of propulsion demand at service speed; CO₂ at 3.114 tonnes per tonne of fuel. Route, season and operating profile move the result. Fleet-calibrated economics are built on your vessels after the NDA.

Three Doors · One Platform
01
Shipping Company

Install as owner, not as customer.

Put Windship on your fleet at partner terms. Preferred pricing, priority supply, vessel-class co-development, board rights. Your voyage data becomes the proof the rest of the market will buy.

02
Financial Investor

USD 16.7 million into IP plus a live plant.

Singapore holdco. Operating manufacturer from day one. Granted patent family through July 2033. Use of proceeds is industrial, not a founder cash-out. Accounts and the fleet-calibrated model release on NDA.

03
Industry Partner

The factory exists. Point it at WAPS.

Yards, class, composite supply, installation, retrofit finance. Manufacturing is certified and standing in the Batam SEZ. The missing proof is the first commercial article and the reference fleet that carries it.

Why This Room · Why This Week

The compliance bill is no longer a forecast.

FuelEU Maritime’s first penalty cycle is already live. EU ETS covers 100% of 2026 intra-EEA emissions. UK ETS maritime has been in force since 1 July 2026. Shipping surrenders 2025-year EUAs by 30 September 2026 — a carbon bill Lloyd’s List put at about USD 5.1 billion.

IWSA now counts 107 large ships with wind propulsion, about 250 units, and roughly 6 million DWT. Gavin Allwright calls 2026 the inflection. The missing piece in Singapore this afternoon is not another concept. It is a certified, manufacturable, low-displacement wing that can be bolted onto the bulk and tanker decks heavier systems cannot serve.

107
Large ships with wind propulsion — IWSA, Sep 2026
~6m DWT
Wind-powered cargo capacity · ~250 units installed
€2,400
FuelEU penalty per tonne VLSFO-equivalent — live
$857
Singapore VLSFO /mt · 21 Sep 2026
The Distinction

150 tonnes. No reinforcement. The decks the heavy wings cannot use.

Windship is a patented triple-wing rigid aerofoil — 36 metres at the centre wing, stowable, composite, automatically trimmed. DNV Approval in Principle: 6 September 2021. Type Approval Design Certification is funded from this raise and completed with the partner.

  • DNV-modelled 49% fuel saving on a standard 4-rig 80,000 DWT Panamax — the highest independently modelled commercial WAPS figure published. Modelled, not a sea-trial result. That is why the first commercial article matters.
  • 150 tonnes displacement per rig — about 80% lighter than a Norsepower rotor and 91% lighter than a BAR WindWing. Standard bulk-carrier and tanker decks. Cargo capacity preserved.
  • Addressable retrofit classes the heavy systems were not built for: Capesize, Newcastlemax, VLOC, VLCC, open-hatch, heavy-lift, OBO, offshore support.
  • 30+ granted patents across the US, Europe (validated in 20 states), Japan, Korea, Singapore, Australia and others. PCT 1 July 2013. Term through July 2033. China and India remain pending.
Bulk carrier under way with three Windship triple-wing rigs
The Platform

Windship IP. An operating plant.

Windship TechnologyShapeShift Technologies
RolePatented WAPS IP and engineering25+ year ISO 9001:2015 composite manufacturer
StatusPre-revenue. DNV AiP. TADC with the partner.Revenue-generating. Accounts under NDA.
ProofInventor Simon Rogers, 30+ years marine propulsion, 5% vested stake20,000 m² Batam SEZ · 350+ projects · 18 countries
MaterialTriple-wing rigid aerofoil, 25+ year service lifeShapeShell RT reinforced thermoset — specified for the rigs

Heads of Terms dated 30 January 2026 govern the acquisition of Windship’s business and IP for GBP 1.5 million in three milestone tranches. Manufacturing cost advantage versus Japan/Korea is structural: Batam FTZ import/export duty 0%, VAT exempt intra-FTZ, corporate tax holiday available inside the SEZ.

The Capital

USD 16.7 million. Industrial use of proceeds.

Growth capital into the Singapore holdco. Equity quantum is not fixed in this document and will reflect the partner’s fleet, capital and industrial contribution.

AllocationAmountPurpose
Plant and equipmentUSD 3.95mWindship production moulds and precision CNC tooling
Working capitalUSD 4.20mRig materials and inventory for the first commercial units
Operational scalingUSD 5.80mEngineering capacity, quality systems, DNV TADC
Integration and acquisitionUSD 2.75mTransaction costs, integration, Windship acquisition (GBP 1.5m)
TotalUSD 16.70m

Financial projections for the Windship division are omitted on purpose. The strategic partner’s fleet adoption rate is the primary revenue variable. A full model, ShapeShift management accounts for FY2024 and FY2025, the Windship IP valuation and the data room release on mutual NDA. This is not an offer of securities.

Market Context · September 2026

The installed fleet has crossed 100 ships. Windship’s opening is the light wing.

Peers have commercialised rotors and heavy wings. Windship’s opening is not “first rotor.” It is the lightest high-output rigid wing for the bulk and tanker decks those systems were not built for.

NameStatus as of September 2026Why it is not this product
IWSA fleet107 large ships · ~5.9 million DWT · 226,765 t CO₂ savedThe market, not a competitor
BAR WindWings10 vessels / 23 wings (Cooper, Gastech, mid-Sep 2026)~1,200 t per wing. Deck reinforcement. Narrower retrofit universe.
Norsepower rotorsFirst-mover rotor fleet; still the volume reference~750 t per unit. Different physics. Different deck load.
bound4blueMaersk Tankers programme underway; suction-sail TADC liveSuction sail, not a rigid aerofoil. Different vessel fit.
MOL Wind ChallengerFourth of 11; first dual-sail LNG carrier deliveringTelescopic hard sail, newbuild-led, owner-captive.

IWSA Secretary General Gavin Allwright has described 2026 as the inflection year. GCMD’s FEET facility (USD 35 million, closed November 2025) is the retrofit-finance context in this room. It is not a claimed partnership. Seminar: Stephenson Harwood, 8 Marina Boulevard #29-01, MBFC Tower 1, 15:30–18:00, hosted with IWSA and RINA.

Next Step

NDA first. Then a thirty-minute meeting — at the seminar, or at PanEuro’s Singapore office. Then fleet-calibrated economics built on your vessels, routes and EU/UK exposure.

01

Mutual NDA — model, accounts, data room

02

Meeting with Morgan, Rogers, Brook, Kennedy

03

Fleet-specific savings and compliance map

04

Term sheet — capital, supply, governance

Paul Brook
PanEuro Investment Banking
paul.brook@paneuro.co.uk +65 9897 8337
Robert Kennedy
Director, Windship
Robert@windship.tech +61 434 727 434