Could Oil Costs Launch a Return of Tall Ships to the High Seas?

Four hundred years before towering white windmills announced the arrival of modern, renewable energy, towering while sails announced the arrival of the first truly global trade markets. And now, thanks to the high cost of oil and consumer interest in renewable technologies, they may yet come symbolize it again. Thirty thousand wine bottles are currently en route to Dublin from the wine country of France, sitting in the hold of a century-old square-rigged merchant ship. While the six-day, wind-powered voyage will take roughly twice the length of time it would on a modern ship, CTMV, the French company chartering the voyages, is optimistic that wind-powered freight will catch on. The French Association of Shipowners estimates that wind power could retake .5% of the market—which is 11 million tons of cargo—but CTMV predicts that... [read full story]