Damen Shipyards Group is partnering with Purus Marine to provide financing for green shipping projects
The partnership, DP Lease, aims to provide term lease financing options for the maritime sector to fill the financing gap created by additional capex requirements associated with the purchase of environmentally friendly vessels.
The partnership will own environmentally friendly, Damen-built vessels which will then be leased to the shipbuilder’s clients. DP Lease will invest in sectors including public transport, offshore wind, harbours and terminals. Subsequently, this will extend to include inland and shortsea shipping.
Damen said the DP Lease partnership is part of an overall group strategy to become “the world’s most sustainable shipbuilder and its goal of being a stable financing partner for potential vessel buyers.” The partners want to capitalise on the numerous public transport contracts that are forthcoming in northwest Europe.
Damen Financial Services managing director Jan-Willem van Helden said the financing will support clients seeking to renew their fleets with sustainable vessels.
“This will help them comply with forthcoming regulations as well as demands from end users, shareholders and other stakeholders, via investment in technologically advanced low greenhouse gas emissions marine vessels” he said.
Purus Marine senior advisor and board member Svein Engh added “We believe this partnership structure is very creative and look forward to helping maritime sectors move towards a greener future.”
The launch of DP Lease follows the launch of the new Financial Services unit in April 2021. With this new business unit, Damen is supporting its clients by both operational and financial leasing. This move is a response to growing demand for financing solutions from Damen’s clients, enabling them to treat capital expenditure as operating expenses.
Purus Marine owns environmentally advanced ships and infrastructure that will be rented to users through long-term contracts. Purus Marine is a newly established holding company established by asset management company EnTrust Global with over US$19Bn in assets.
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