Tag: electric power

The Ministry of Oceans and Fisheries revised its “Electric Propulsion Vessel Standards” with the updated regulations effective 29 May 2025.

SBM Offshore announced that it has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions. 

AET and Fleetzero have signed an agreement for the development of the world’s longest-range plug-in hybrid-electric vessel. 

Tidal Transit secured equity financing from HICO Investment Group to expand its fleet with six new electric crew transfer vessels (E-CTVs).

Bibby Marine announced the signing of a new shipbuilding contract with shipyard Armon, to build an electric eCSOV.

The first electric tugboat for Latin America was launched at the Sanmar shipyard in Tuzla Bay, Istanbul and is set to arrive in Chile in 2025.

Vertom Group has taken delivery of MV Vertom Rita, which will cater to diverse shipping needs such as bulk and breakbulk transport.