He's actually paragliding, not parachuting. He is flying forwards with a low sink rate, and can stay up for hours with no motor by riding thermals (rising drafts of warm air). Instead of jumping from a plane, he took off from a nearby mountain, and the wing is quite a bit larger than a parachute.

Spectacular photo, I want to know how it was done!

This isn't really tilt shift, just a depth of field reducer. Tilt shift lenses and camera let you remove perspective distortion as well as shift the focal plane left-right and up-down. Fun to play with though!