NEoT Green Mobility enters the maritime segment by supporting Northern Offshore Services’ acceleration in the greening of its fleet

NGM is proud to announce having provided an innovative financing solution to Northern Offshore Services (N-O-S), one of the leading operators in the CTV segment, for the acquisition of four new hybrid Crew Transfer Vessels. The vessels will be equipped with the latest low emission engine technology and are capable to operate in hybrid or fully electrical mode when performing transit and docking.

Supporting the maritime segment in its transition towards cleaner means of transportation is one of NGM’s top priorities by providing solutions tailored to the specific needs of the industry (among which the financing of newbuild vessels, batteries/H2 storage onboarded, retrofitting of existing vessels, …). This funding will enable N-O-S to accelerate the development of its offer of greener, high-performance CTVs and strengthen the company’s position in the market.

The vessels, customized and/or designed by N-O-S, are being built at Penguin Shipyard in Singapore and will be delivered from Q4 2023 to Q3 2024.

Philippe RINGENBACH, CEO of NEoT Green Mobility, said: “We are thrilled to collaborate with N-O-S to support the deployment of its state-of-the-art environmentally friendly CTVs. The cooperation between NGM and N-O-S not only showcases that low GHG CTVS are now a reality but also emphasizes the significant role that financing and technical support solutions play in facilitating the transition of the maritime industry towards cleaner means of transportation. This segment is key for the success of the energy transition and NGM intends to play in the near future a significant role in this field.”

David KRISTENSSON, CEO of Northern Offshore Group added, “At Northern Offshore Services we are proud to lead the way in the industry. We have high expectations of our new-build and conversion plan for the upcoming years, making the world greener and more sustainable. We are thankful and glad for the opportunity that NGM is providing by financing the development of a Zero Emission offshore wind industry.”