North Star Shipping sets sail for profitable renewables work

North Star Shipping sets sail for profitable renewables work

North Star Shipping, which owes its fortunes to providing emergency response and supply vessels to oil and gas companies in the North Sea, expects the majority of its business will be in the renewable energy sector “easily” in the next five years.

The company, which has been owned by partner-led Basalt Infrastructure Partners since 2017, has affirmed it remains committed to its “core” oil and gas-sector clients.

The historic business started out in the fisheries industry 135 years ago and currently supports around 60 offshore installations.