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"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. 1 Second IMO GHG Study 2009, International Maritime Organization, pg. 271 ff. 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 Cargill |