Norwegian technology group Hoglund Marine Solutions has bought into Vindskip, the domestic company hoping to launch a revolutionary cargoship whose hull acts as a sail.
Hoglund has taken a two-thirds stake in Vindskip for an undisclosed amount.
Borge Nogva, president of Hoglund, has become chairman of the board at Vindskip, which is co-owned by electric propulsion company Stadt Group.
Vindskip's design combines sail and LNG technology to power a car/truck carrier.
