Tidal Transit, a UK-based owner of crew transfer vessels (CTVs), has secured equity financing from maritime and logistics investor HICO to expand its fleet with six new electric vessels. The move is aimed at meeting growing demand for zero-emission vessels for offshore wind operations.
The six new electric CTVs, scheduled for delivery starting in 2026, will complement Tidal Transit's existing fleet of electric “frontrunner” vessels, supporting the industry's transition to fully electric offshore service vessels.
In addition to fleet expansion, Tidal Transit is leading a pioneering diesel-to-electric retrofit project, named e-Ginny. Funded by Innovate UK and the UK Department of Transport, the project demonstrates that existing diesel-powered CTVs can be converted to 100% electric propulsion and recharged offshore.
Leo Hambro, director of Tidal Transit, emphasized the importance of the transition, saying, “The continued burning of fossil fuels contradicts the very purpose of harnessing renewable wind power. With HICO's backing, Tidal Transit is committed to making the switch to electric CTVs not just viable, but also inevitable.”
Electric CTVs are expected to provide significant benefits over conventional diesel-powered vessels, offering lower emissions, greater energy efficiency, reduced operating costs, and enhanced personnel comfort. For offshore wind farm operators, these vessels also align with emissions reduction goals, reduce maintenance downtime, and leverage electricity from wind farms for recharging.
Chris Hartnoll, CEO of HICO Investment Group, highlighted the milestone, stating, “This fleet expansion is an industry first, it's a defining moment for the maritime sector, proving that large-scale electrification of offshore service vessels is no longer a distant aspiration but an operational reality.”
The new fleet represents a significant step in the electrification of offshore wind energy logistics, setting new standards for sustainability and cost-effectiveness in the sector.
