Company News

An Israeli cutting-edge, low-cost, power-efficient tracking solutions provider, Hoopo, has raised $10 million in Series A funding. The financing round was led by ZIM and theDOCK along with participation from new and existing investors – TAU Ventures, HICO and others. With this round, the total funding raised by the company to date is $17 million

Britoil Offshore Services Pte Ltd, formed in 1988, is a leading global provider of marine transportation and anchor handling vessels primarily focused on executing complex offshore oil and gas projects worldwide. Spanish logistics and agency group Pérez y Cía is joining HICO as a co-investor in Britoil. “With its interests in various tug and logistics operations in the western hemisphere, the experience of Perez will contribute to the growth and diversification of Britoil,” HICO said

Mikal Bøe’s CORE POWER, together with Bill Gates-chaired TerraPower, Southern Company and French atomic group Orano, is developing a modular molten salt reactor (m-MSR) to propel ships and provide reliable energy for manufacturing synthetic green fuels from hydrogen. The first prototype reactor is due to start trials in 2025