Tidal Transit & HICO Secure Equity Funding For Six New-Build Electric Vessels

Tidal Transit, a leading owner of purpose-built crew transfer vessels (CTVs) for the offshore wind industry, has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs).

This strategic expansion is a direct response to growing demand for zero-emission CTV solutions from offshore wind operations and reinforces Tidal Transit’s and HICO’s commitment to reducing diesel dependency in the sector.

E-CTVs offer dramatically lower emissions, greater energy efficiency, significantly lower operating costs and greater personnel comfort than conventional diesel-powered vessels.

Wind farm operators will benefit from alignment with science-backed emissions goals, lower maintenance downtime, the leveraging of electricity from their own wind farms and greater comfort from the near silent and vibration free p…

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