French Sail Shipping Company TOWT Plans Major Expansion with New Vessels and Routes

French sail shipping company TOWT announced ambitious plans for carbon-free cargo shipping, with strong demand and support from investors for six additional vessels. The vessels, each 1,000 tons, will carry up to 1,100 tons of cargo. TOWT aims for 500 ships by 2050, reducing carbon emissions by 95% compared to conventional ships.
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French sail shipping company TOWT is expanding its carbon-free cargo shipping operations with plans to launch two dedicated vessels soon and order six more. These vessels will be larger and more economically viable than current sail cargo ships, with each able to carry 1,100 tons of cargo. TOWT aims to have 500 ships by 2050 and forecasts annual revenues of €60 million by 2028, with the capacity to transport 200,000 tonnes annually.

The first two vessels are set to launch in June and July 2024, with sails providing speeds of approximately 10 knots and reducing carbon emissions by 95% compared to conventional cargo ships. TOWT’s operations have garnered strong interest from shippers, and they plan to operate weekly sailings between Le Havre, France, and New York, as well as expand to new routes in Asia, Africa, and South America. The company has secured funding from investors and the public to support its growth and increase capacity.

With over 13 years of experience in chartered sailing ships, TOWT has already transported more than two million products on 70 trips. The company’s expansion plans include increasing the frequency of departures and opening new routes with dedicated ships. By offering a more sustainable and environmentally friendly alternative to traditional cargo shipping, TOWT is pioneering the future of carbon-free transportation.

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