Piraeus Bank co-finances Union Maritime’s first wind-assisted LR2
Piraeus, a Greek bank, is financing Union Maritime’s first LR2 tanker to harness wind energy. Union Maritime recently took delivery of “Brands Hatch“, the first in a series of newbuildings that use wind energy to reduce fuel and carbon emissions.
Piraeus has financed the acquisition of this vessel, participating in the new era of sustainable shipping that utilizes wind energy.
The innovative tanker, with a capacity of 115,000 DWT, is equipped with three 37.5 meter high WindWings, developed by UK-based BAR Technologies.
Wind propulsion is expected to reduce the ship’s fuel consumption by approximately 1,200 tonnes per year, which equates to a reduction of more than 3,800 tonnes of CO2 emissions per year.
Piraeus did not disclose the exact scope of its involvement in the 114,000-dwt Brands Hatch (built 2025), which was built at Shanghai Waigaoqiao Shipbuilding and handed over to Union Maritime on 11 June in Shanghai.
