North Star Shipping, Britain’s largest offshore emergency response and rescue vessel (ERRV) operator, has secured £40m to finance growth of its North Sea operations.
The company secured the finance package from Bank of Scotland in the form of a term loan and revolving credit facility.
The Aberdeen-based business provides support to more than 50 offshore installations in the North Sea, including a bespoke offering for the offshore wind market.
North Star’s thousand-strong team operates a fleet of 45 emergency response and rescue vessels.
The funding underlines Lloyds Banking Group’s commitment to support businesses through the energy supply chain, particularly in the developing offshore wind sector.
Rob Anders, Royal Fleet Auxiliary captain who helped to bring aid after Hurricane Dorian – obituary
His vessel brought water, food, medical supplies and prefabricated buildings when disaster struck the Bahamas
Captain Rob Anders
Captain Rob Anders, who has died of a brain tumour aged 49, rose through the hawsepipe from deckhand to second-in-command of the Royal Fleet Auxiliary.
In September 2019 Anders was in command of RFA Mounts Bay, a landing ship dock operated by the Royal Fleet Auxiliary and named after Mount’s Bay in Cornwall, which was operating in the West Indies. When Hurricane Dorian struck the Bahamas, winds of 185 mph whipped through the islands, the worst natural disaster in living memory, and thousands were left hungry and thirsty and without shelter. Mounts Bay delivered water, food, medical supplies, prefabricated buildings, and hygiene kits in the six-day Operation Barytone.