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Mon, Feb

Tidal Transit secures equity funding to build six new e-CTVs

World Maritime

U.K.-based offshore wind crew transfer vessel specialist Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (e-CTVs). It

Written by Marine Log Staff
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e-CTV

Image: Tidal Transit

U.K.-based offshore wind crew transfer vessel specialist Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (e-CTVs).

It says that the 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.

Tidal Transit says that 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 propulsion.

The six new builds, to be delivered from 2026, will complement Tidal Transit’s existing fleet of “electric frontrunner” CTVs while the industry transitions to electric.

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