Saga Tankers rebrands, invests in renewables

By Jasmina Ovcina Norwegian shipping company Saga Tankers has moved into the renewable energy sector with a new investment into a hydrogen fuel company.

As part of the renewable energy strategy, the company will divest non-core assets and change its name to Saga Pure ASA. The company has appointed Bjørn Simonsen as Chief Executive Officer (CEO) as of December 1, 2020.

“Saga sees significant opportunities within renewable energy investments. We have extensive experience from developing companies within the renewable energy universe, e.g. from the global leader within hydrogen technologies Nel ASA. Saga has a strategy of actively working with its investments in both listed

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