Cleaner Tech

Shipping Dynasties, Royalty Back Modern Sails to Cut Fuel Use

Bound4blue’s suction sails on Odfjell ship.Source: bound4blue

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By Ishika Mookerjee and Weilun Soon

December 9, 2025 at 7:57 AM UTC

Updated on

December 9, 2025 at 9:55 AM UTC

Asian and Norwegian shipping dynasties are among investors offering support for modern-day sail technology that claims to have potential to slash the amount of fuel needed by vessels.

The family office of Norway-based shipping group Odfjell SE and Singapore-based Octave Capital, backed by storied conglomerate Tsao Pao Chee Group, supported a new $44 million fundraising round for bound4blue, a developer of wind propulsion systems, the company said on Tuesday.