A blank-cheque venture has taken aboard MidOcean Marine partners Volckert van Reesema and Pace Ralli to help it find a merger candidate in the energy transition sector.

Van Reesema is principal of shipowner MidOcean, founded by his father, Nickel van Reesema. Ralli is chief executive of Oaktree Capital Management-backed LNG bunkering venture Clean Marine Energy, as well as California hydrogen ferry project Switch Maritime, both affiliated with MidOcean.