The first phase of the project will see an in-depth analysis of the project, with IZAR revising the existing design to optimise technology and determine if it is feasible to build the ship. This phase is expected to be completed in December of this year. If the concept is verified, IZAR will build the initial three vessels, with the possibility of a fourth. FastShip, IZAR and other strategic partners, including BP Marine, Cargolux, Cherbourg Port, CDC IXIS, CP Ships, Greenwich Terminals, International Development projects, JP Morgan, the Lockheed Martin Corporation, Rolls Royce and TTS Marine, are jointly working at setting up and developing a financial package for the project, including the construction of the ships and bespoke port terminals.

MJ Information No: 18816