Cargill Propels Shipping Forward With Largest Kite-Powered Vessel - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Get our newsletter
Order Prints
February 28, 2011
Share
Share
Post
Email

Cargill Propels Shipping Forward With Largest Kite-Powered Vessel

GENEVA, Feb. 28, 2011 /PRNewswire/ -- Cargill has signed an agreement with SkySails GmbH & Co. KG (SkySails) to use wind power technology to reduce greenhouse gas emissions in the shipping industry.  SkySails, based in Hamburg, has developed innovative, patented technology that uses a kite which flies ahead of the vessel and generates enough propulsion to reduce consumption of bunker fuel by up to 35 percent in ideal sailing conditions.  

Next December Cargill will install the 320m2 kite on a handysize vessel of between 25,000 and 30,000 deadweight tonnes, which the company has on long-term charter, making it the largest vessel propelled by a kite in the world. Cargill and SkySails aim to have the system fully operational in the first quarter of 2012. Cargill is currently helping SkySails develop and test the technology and has identified a ship-owner – supportive of environmental stewardship in the industry – with whom it will partner on the project.

The SkySails kite will be connected to the ship by rope and is computer-controlled by an automatic pod to maximise the wind benefits. The kite functions at a height of between 100 to 420 metres and flies in a figure of eight formation. The SkySails-System is automated and requires only minimal action by the crew. An automatic control system steers the kite and adjusts its flight path. All information related to the system's operation is displayed on the monitor of the SkySails' workstation on the ship's bridge.  

"For some time, we have been searching for a project that can help drive environmental best practice within the shipping industry and see this as a meaningful first step," said G.J. van den Akker, head of Cargill's ocean transportation business. "The shipping industry currently supports 90 percent of the world's international physical trade. In a world of finite resources, environmental stewardship makes good business sense. As one of the world's largest charterers of dry bulk freight, we take this commitment extremely seriously. In addition to lowering greenhouse gas emissions, the SkySails technology aims to significantly reduce fuel consumption and costs. We are very impressed with the technology and see its installation on one of our chartered ships as the first part of an ongoing, long-term partnership."  

"We are delighted that Cargill is the first company to embrace our technology on a vessel this large as part of its commitment to help reduce greenhouse gas emissions in the shipping industry," said Stephan Wrage, managing director of SkySails. "We are excited that our technology will shortly be used on a handysize vessel for the first time and see great potential to incorporate it on larger ships in the future."

According to a United Nations (International Maritime Organisation) study, up to 100 million tonnes of carbon dioxide (CO2) could be saved every year by the broad application of the SkySails' technology on the world merchant fleet.(1) This figure would equate to 11 percent of the CO2 emissions of Germany.

Cargill is a significant global transporter of agricultural, energy and industrial commodities. Although the company does not today own or operate ships, its ocean transportation business ships more than 185 million tonnes of commodities each year, in the process connecting supply from areas of surplus with demand in areas of deficit.  

Photos are available for download at http://www.skysails.info/english/information-center/press-lounge/photos-graphics/

Notes for Editors

About Cargill

Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 131,000 people in 66 countries.

Cargill helps customers succeed through collaboration and innovation, and is committed to sharing its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business. For more information, visit http://www.cargill.com

About Cargill Ocean Transportation

Cargill's Ocean Transportation business is headquartered in Geneva with offices in London, Amsterdam, New Jersey, Singapore, Shanghai and Tokyo.

Its global team has a unique blend of experience across shipping, commodities and risk management and offers its customers a number of ocean freight solutions across all dry market segments and tankers.  In recent years, the business has built on its reputation for excellence in risk management by putting a strong focus on raising health & safety and quality standards across the industry. This partnership provides a unique opportunity for Ocean Transportation to build on these high standards and publicly demonstrate its commitment to environmental stewardship.  

Cargill recognises that its continued success depends on the growth and health of its communities and partners, as well as the vitality and conservation of natural resources. The company works with a diverse group of global, national and local organisations to support responsible economic development, help protect the environment and improve communities. For more information, visit http://www.cargill.com/products/energy-transportation/ocean-transportation/index.jsp

About SkySails

The Hamburg-based company SkySails GmbH & Co. KG is the market and technology leader for automated towing kite systems. Its internationally patented, high-performance wind propulsion system for cargo ships – the SkySails-System – can reduce the fuel consumption of a cargo vessel by 10 to 35% on annual average, depending on the prevailing wind conditions.

The latest SkySails product SKS C 320 has a propulsion power of more than 2,000 kW (approx. 2,700 HP). It can save up to 10 tons of fuel per day as well as SOx, NOx and CO2 emissions (= approx. 32 tons of CO2). The SkySails-System can be installed as an auxiliary wind propulsion on virtually all existing and new build ships.

SkySails was founded in 2001 and currently has about 80 employees. Lead investors are the renowned ship financing company Jan Luiken Oltmann Gruppe GmbH & Co. KG based in Leer, the highly respected marine engine supplier Zeppelin Power Systems GmbH & Co. KG and the Dutch Life Sciences and Materials Sciences Company Royal DSM N.V.

For more information, visit www.skysails.com  

(1) Second IMO GHG Study 2009, International Maritime Organization, pg. 271 ff.

SOURCE Cargill

Advisor News

  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor News

Annuity News

  • How annuities can help protect retirees from financial scams
  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
More Annuity News

Health/Employee Benefits News

  • STEINHARDT BILL TO IMPROVE COVERAGE FOR LIPEDEMA PATIENTS PASSES COMMITTEE
  • US: Medicaid Work Requirements Risk Coverage Loss for Millions of People
  • Trademark Application for “EVERYDAY INCREDIBLE” Filed by SSM Health Care Corporation: SSM Health Care Corporation
  • Soaring Healthcare Costs Put California School Districts And Teachers At Odds
  • Ban on some insurance prior authorizations expected to cut red tape
More Health/Employee Benefits News

Life Insurance News

  • ATTORNEY GENERAL BROWN ANNOUNCES PRINCE GEORGE'S COUNTY INSURANCE AGENT CHARGED WITH FELONY THEFT AND INSURANCE FRAUD
  • Bowie insurance agent indicted on felony theft, fraud charges
  • Bowie insurance salesman indicted in connection with fraud, felony theft
  • Judge sends Greg Lindberg back to federal prison for fraud, bribery
  • Kansas official running for governor received $300K in donations before key decision
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet