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.
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
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.
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.
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.
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.
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.
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.
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.
| Windship Technology | ShapeShift Technologies | |
|---|---|---|
| Role | Patented WAPS IP and engineering | 25+ year ISO 9001:2015 composite manufacturer |
| Status | Pre-revenue. DNV AiP. TADC with the partner. | Revenue-generating. Accounts under NDA. |
| Proof | Inventor Simon Rogers, 30+ years marine propulsion, 5% vested stake | 20,000 m² Batam SEZ · 350+ projects · 18 countries |
| Material | Triple-wing rigid aerofoil, 25+ year service life | ShapeShell 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.
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.
| Allocation | Amount | Purpose |
|---|---|---|
| Plant and equipment | USD 3.95m | Windship production moulds and precision CNC tooling |
| Working capital | USD 4.20m | Rig materials and inventory for the first commercial units |
| Operational scaling | USD 5.80m | Engineering capacity, quality systems, DNV TADC |
| Integration and acquisition | USD 2.75m | Transaction costs, integration, Windship acquisition (GBP 1.5m) |
| Total | USD 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.
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.
| Name | Status as of September 2026 | Why it is not this product |
|---|---|---|
| IWSA fleet | 107 large ships · ~5.9 million DWT · 226,765 t CO₂ saved | The market, not a competitor |
| BAR WindWings | 10 vessels / 23 wings (Cooper, Gastech, mid-Sep 2026) | ~1,200 t per wing. Deck reinforcement. Narrower retrofit universe. |
| Norsepower rotors | First-mover rotor fleet; still the volume reference | ~750 t per unit. Different physics. Different deck load. |
| bound4blue | Maersk Tankers programme underway; suction-sail TADC live | Suction sail, not a rigid aerofoil. Different vessel fit. |
| MOL Wind Challenger | Fourth of 11; first dual-sail LNG carrier delivering | Telescopic 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.
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.
Mutual NDA — model, accounts, data room
Meeting with Morgan, Rogers, Brook, Kennedy
Fleet-specific savings and compliance map
Term sheet — capital, supply, governance