Following the signing of a Cooperation Agreement (COA) in Shanghai at the beginning of the year, Norsepower and COSCO Shipping Heavy Industry Equipment (CHIC) have been steadily implementing the strategic cooperation framework, advancing their operational agreement, and continuously expanding the depth of their collaboration. Earlier this month, the two companies signed a new R&D cooperation agreement, formally establishing a dedicated partnership, which further strengthens their collaborative innovation in wind propulsion.
June 29, 2026, Yancheng, China: The agreement was signed by Heikki Pöntynen, CEO of Norsepower, and Mr. Roger Liu, Vice General Manager of CHIC, in the presence of representatives from both companies. Building on the existing cooperation agreement covering production, sales, installation and service operations of Norsepower Rotor Sails™, the companies have now signed a further dedicated R&D cooperation agreement focused on the further development and optimisation of Norsepower Rotor Sail™ key components. (....)