case / 29 Jun 2021

Setterwalls advisor to Wallenius in the establishment of a 50/50 joint venture with Alfa Laval – AlfaWall Oceanbird – for the supply of wind propulsion solutions for sustainable shipping

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Setterwalls has assisted Wallenius in the establishment of Alfa Wall Oceanbird with Alfa Laval – that will supply innovative wind propulsion solutions for cargo vessels and other ship types. Wallenius and Alfa Laval are now joining forces with the joint venture company AlfaWall Oceanbird AB. The joint venture is subject to customary merger clearance from relevant regulatory authorities.

AlfaWall Oceanbird, will develop wind propulsion technologies valid for any vessel type. The first installation will be implemented on a transatlantic car carrier with a capacity of 7,000 cars, and with an average speed of 10 knots it will cut emissions by up to 90 percent compared to today’s most energy-efficient vessels, thereby supporting the maritime industry’s shift towards zero-emission shipping. While the technology is initially developed for cargo vessels, the ambition is to expand it to cruise liners and other vessels based on market demand.

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