NIBC Bank NV and Damen Financial Services have extended their cooperation, which increases the financing facilities, including lease options, for Damen vessels. The partners hope that the facilities will accelerate emission reductions in the maritime industry.

Financial lease or operational lease options allow operators in the maritime industry to renew or extend their fleet with more sustainable vessels. In the highly competitive sector of offshore, harbour and inland operations, the capital investment to acquire new vessels is complicated for operating companies.

Damen Shipyards offers financing possibilities to its clients, enabling them to purchase Damen ships. Financing is specifically available for workboats like tugs, fast crew suppliers, multicast, small ferries and barges.

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Lease with buy-back guarantee

The Dutch shipbuilder has been offereing such services for more than a decade now. Lease contracts from Damen always include a buy-back guarantee. Should a company not succeed in its operations, the vessel can perform profitably with another client. By participating in the financial risk of a client’s operation, Damen clearly expresses to be sure about the possibilities for its clients to operate efficiently using Damen vessels.

Manager Specialized Finance Martin van Eyk from Damen Shipyards: ‘We are glad to be able to offer even more possibilities to our clients. Some operators are really convinced to choose the higher quality from Damen thanks to the option of financing their vessels through us.’

Also read: Damen plans major expansion of shipyard in Gorinchem