Investing in cold ironing

Major Singapore-based shipowner Eastern Pacific Shipping Ventures and Norwegian state-owned Nysnø Climate Investments have jointly invested NKr 50 million (US$4.4 million) in? Zinus, an innovator in maritime charging and shore power solutions.

“The new co-owners bring significant strength to our company, enabling us to accelerate growth and innovation in sustainable maritime technologies,” says Endre Eidsvik, CEO of Zinus.

The private placement of NKr 50 million secures EPS Ventures, the corporate venture capital arm of Eastern Pacific Shipping (EPS), and Nysnø as shareholders in Zinus. Both investors will also take seats on the company’s Board of Directors, further solidifying their strategic involvement.

The current shareholders—LOS Gruppen, Eviny Ventures, and DSD—will retain their full ownership stakes and continue to provide strong support for the company’s vision and growth journey.

Zinus is active developing and supplying cutting-edge charging and shore power solutions. It says these technologies are essential for reducing the maritime industry’s carbon footprint. Access to shore power allows vessels to turn off fossil fuel engines during port stays, leading to significant reductions in CO2 emissions. Expanding charging infrastructure further enables the use of hybrid and fully electric vessels for cargo and passenger transport, with minimal or zero greenhouse gas emissions.

“Our new investors bring vital capital to drive innovation and growth, alongside a shared commitment to advancing shore power solutions for the shipping industry. With their extensive maritime expertise and global networks, we are well-positioned to accelerate our international expansion. Already established with our products in over ten countries, we remain dedicated to bringing our sustainable technology to new markets worldwide,” says Endre Eidsvik, CEO in Zinus. He adds: “We plan to recruit 15 new employees in 2025, expanding our team from 50 to 65, to support and accelerate this growth.”