Veer selects Fosen Shipyard for wind power and Hydrogen Container Vessels

ATLANTA : Veer is one step closer to achieving breakthrough momentum for deploying the first clean container ship to cross an ocean: Veer has signed a Letter of Intent (LOI) with the selected shipyard, Fosen Shipyard. Veer and Fosen have signed a formal LOI to develop, construct, sell, and purchase two (2) firm units of wind powered and hydrogen assisted container vessels.

“We are delighted and excited that Veer has chosen Fosen to build the first zero emissions container carrier in Germany.” says Carsten Stellamanns, CEO of Fosen Shipyard. “Together with Veer we are looking forward to creating a game changing concept and bringing it to the waters.”

“We are thrilled to be taking this major step forward with Fosen Shipyard. After a thorough, yearlong tender process, our team is confident that Fosen is the best fit. Fosen is a highly capable shipyard and it is inspiring to work with leadership who see the value and potential of Veer’s vision.’’ commented Veer CEO Danielle Southcott.

For technical management, Veer has partnered with Bernhard Schulte Ship Management. Veer has also engaged with FutureShips ship brokerage, and is in discussion with multiple charterers for clean liner services beginning in 2027.

Veer will deploy the world’s first clean container ship to cross an ocean. Veer’s future-fit, fast, clean, cost competitive fleet combines innovative hull shape, DynaRig sails, and hydrogen fuel cells for increased speed and range. Veer’s Design N°1 is defined as ‘‘absolute zero emissions’’ by the International Maritime Organization and boasts class notations for silent operation, making it perfect for Green Shipping Corridors, Marine Protected Areas, and exemption from the European Union Emission Trading System.

Design N°1 has received complete Approval in Principle from the American Bureau of Shipping and was selected by the European Maritime Safety Agency as an exemplary vessel for two industry studies; wind and hydrogen fuel. Veer’s clean fleet will help achieve energy transition goals and aligns with ESG strategies of countries, corporations, the United Nations, and Non Government Organizations.

Veer has secured a €50M Letter of Intent from Prow Capital, Amsterdam, to finance the design and construction of these revolutionary ships. Veer is currently raising capital with a Series A investment round and welcomes investors seeking to meaningfully contribute to the transformation of shipping.

“Utilizing non-carbon-emitting power sources is the future of shipping. This is what Veer is all about and that is why I am inspired to work with Veer to achieve this objective. Veer is all about bringing non-carbon-emitting vessels to the commercial shipping industry in a viable business manner. Applying alternative means of propulsion and fuels coupled with optimized ship design for the intended service are what inspired me to work with Veer to collectively achieve this goal.” says Scott McClure, Owner & Naval Architect, Alan C. McClure Associates.

Scott McClure is the lead Naval Architect for Veer’s first ship design. “I am also motivated by the technology involved, to understand, develop and make widespread the clean and silent sailing rig and hydrogen propulsion technology at the heart of Veer.” Elliott Tulloch, Senior Master Mariner, Brookes Bell. Elliott Tulloch is the project manager for Veer’s first ship design