Damen Financial Services, NIBC Bank and Damen Ship Lease have agreed to provide ship leasing finance under a multi-year partnership
Finance from NIBC will be used to enable new tugs to be leased with hybrid propulsion for low-emissions port activities. Vessel operators will be offered the leases by one of the Damen Ship Lease Co-operative funds, managed by Damen Financial Services.
Damen Ship Lease manager Martin van Eyk expects this commitment to facilitate new tug construction orders. “With this fund we can facilitate the fleet renewal and sustainability of the fleet of various customers, while we also stimulate the growth of the Damen group,” said Mr van Eyk.
“With the latest Damen ships and technology, we also contribute to the efficient management of our customers and a reduction in the ecological footprint of our sector,” he added.
NIBC managing director Jeroen Conijn said this finance has already supported tug fleet renewals. “Almost 10 years ago we provided the first financing to Damen Ship Lease,” said Mr Conijn. “During these years, Damen Ship Lease has shown that it fulfills a clear need of its customers with its lease solutions. We support the further growth of this activity by continuing our financing.”
The leasing solutions offered by Damen tie in with trends in the maritime sector such as ship-as-a-service solutions and investment in hybrid propulsion.
This agreement comes less than a week before one of the world’s largest operators of hybrid propulsion tugs, Boluda Towage Europe, will explain its investments in new technologies.
Boluda Towage Europe chief executive Geert Vandecappelle is presenting Boluda’s operations and discussing propulsion technologies during Riviera’s inaugural ITS TUGTECHNOLOGY Webinar Week, starting 29 March 2021.