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Global Wind-Assisted Propulsion Industry Research Report 2023: Riding the Wave of Innovations – The Sustainable Future of Global Logistics

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DUBLIN, Feb. 13, 2024 /PRNewswire/ — The “Wind-Assisted Propulsion Market – A Global and Regional Analysis: Focus on Application, Technology, Installation Type, Vessel Type, and Region – Analysis and Forecast, 2023-2032” report has been added to ResearchAndMarkets.com’s offering.

 

Discover the Latest Trends and Regional Growth in the Wind-Assisted Propulsion Industry

With the maritime industry seeking sustainable and efficient solutions to reduce greenhouse gas emissions, a new market research report has been added to our comprehensive collection, focusing on the wind-assisted propulsion market. This in-depth analysis encapsulates the market’s potential from 2023 to 2032, highlighting key insights on the applications, technologies, installation types, vessel types, and regional advancements shaping the market’s future.

Wind-assisted propulsion systems (WAPSs), a transformative element within the shipping industry, are at the forefront of harnessing wind energy to create a more sustainable maritime ecosystem. The report showcases the accelerating adoption of various innovative technologies like towing kites, sails, flettner rotors, and suction wings, and their impact on various vessel types including cargo and passenger ships.

Europe and Asia-Pacific Lead Market Adoption: The analysis indicates a strong market inclination within Europe and Asia-Pacific, attributed to significant strides in decarbonization efforts in these regions.Advancements in Sailing Technology: Innovations in sailing technology, from advanced wing sails to pioneering applications of flettner rotors, are spotlighted as key market developments.Major Industrial Collaborations: Strategic partnerships, as seen between BAR Technologies and Yara Marine Technologies, are catalyzing the market’s growth, striving for fuel-efficient wind-assisted solutions.

Despite the promise of wind-powered shipping, the report also addresses the challenges faced by the industry, such as the high initial costs and technical obstacles associated with the adoption of WAPSs. Additionally, the segmented analysis accentuates the retrofitting segment’s dominance in the market, alongside the increasing applicability in cargo ships and bulk carriers due to the urgent need for GHG emission reduction.

The research publication brings to light the industry’s growth drivers, such as the rise in sea trade and the escalating urgency to mitigate GHG emissions, underlining the strategic directions that key maritime players and stakeholders are taking to navigate these transformative times.

At the core of this market study is a comprehensive competitive analysis of key industry players who are sculpting the landscape of wind-assisted propulsion. This insightful resource mirrors the maritime industry’s collective effort to chart a course toward a more sustainable and environmentally friendly future.

As sea trade continues to be an indispensable component of global commerce, the exploration of wind-assisted propulsion reveals its role as an integral part of the shipping industry’s innovation-oriented trajectory, with robust potential for growth and expansion in the coming decade.

Market Segmentation

Wind-assisted propulsion is expected to have a high penetration in cargo ships, among other applications, over the forecast period 2023-2032, owing to the increased initiatives by the maritime industry related to decarbonization.Based on technology, the wind-assisted propulsion market is estimated to be led by the sails segment during the forecast period of 2023-2032.Based on installation type, the wind-assisted propulsion market was led by the retrofit segment in 2022.Based on vessel type, the wind-assisted propulsion market is estimated to be led by the wind-assisted motor vessels segment during the forecast period of 2023-2032.In the global wind-assisted propulsion market, Asia-Pacific and Japan and Europe are anticipated to gain traction in terms of wind-assisted propulsion production, owing to the increased need for decarbonization in the regions.

Company Profiles

Norsepowerbound4blueEco Marine Power Co. Ltd.EconowindAnemoi Marine Technologies Ltd.AirseasGT Green TechnologiesDNV GLMitsui O.S.K. LinesOCEANBIRDBecker Marine SystemsPropelwind S.A.S.NayamWings Ltd.Aloft Systems Inc.SkySails Marine

Industry Outlook

Trends: Current and Future

Technological Innovations in Shipping IndustryIncreasing Investment in Wind-Assisted Propulsion

Supply Chain Analysis

Ecosystem of Wind-Assisted Propulsion MarketConsortiums and AssociationsRegulatory/Certification BodiesGovernment ProgramsPrograms by Research Institutions and UniversitiesEconomic Impact of Wind-Assisted Propulsion

Business Drivers

Increasing Need for Reducing GHG EmissionsRise in Sea Trade

Business Challenges

High Installation Cost of Wind-Assisted Propulsion SystemsTechnical Challenges Resisting the Adoption of Wind-Assisted Propulsion

Business Strategies

Product and Market DevelopmentsCorporate StrategiesMergers and Acquisitions, Partnerships, and Joint Ventures

Business Opportunities

Increasing Preference for Environmental-Friendly Shipping ServicesOffsetting High Cost of Fossil and Green Fuels

Start-Up Landscape

Key Start-Ups in the Ecosystem

For more information about this report visit https://www.researchandmarkets.com/r/mhsf8y

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3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

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ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

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Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

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NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

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Can we produce low-cost omega-3s without relying on fish?

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GOLD COAST, Australia, Oct. 19, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

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SOURCE Southern Cross University

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