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Insider UK
Insider UK
National
Peter A Walker

Smart Green Shipping confirms a new wave of investment

Scottish Enterprise Japan

Smart Green Shipping, a design and engineering company based in Dumfries that is developing technology for sustainable commercial ships, has secured £1.35m in a funding round.

MOL Drybulk (MOLDB) and Scottish Enterprise have jointly invested in the company that is steering a course to a demonstration FastRig wing sail later this year, alongside its industry partners at Peel Ports Hunterston Port and Resource Centre (PARC).

MOLDB is subsidiary of Mitsui O.S.K. Lines, a shipping company headquartered in Japan. Its president Kazuhiko Kikuchi said: “We are committed to decarbonisation within our industry and Scotland is at the forefront of many environmentally friendly solutions, whilst our investment in Smart Green Shipping furthers our commitment to the UK.”

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