Panama Canal Authority orders 10 hybrid tractor tugboats from Astilleros Armón, worth $150M, with Corvus Energy supplying battery systems.

Panama Canal Authority orders 10 hybrid tractor tugboats from Astilleros Armón, with an option for 10 more, valued at $150M. Corvus Energy supplies battery systems for the hybrid-electric vessels, aiming to reduce emissions, enhance shiphandling capabilities, and modernize the fleet. The number of hybrid-electric and fully electric tugboats globally is expected to grow exponentially due to carbon reduction initiatives.

May 23, 2024
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