Damen Shipyards and NIBC Bank have renewed their financing cooperation aimed at making it easier for owners to order low-carbon vessels.
The Dutch companies provide operational lease financing through Damen Financial Services.
The new deal allows an increase in the amount of money available, although details are being kept confidential.
The financing is targeted at sustainable offshore wind vessels, electric tugs, ferries and barges.
The two sides have been working together for more than a decade, and the agreement was previously extended in 2021.
“Offering financing possibilities, the partners aim to accelerate emission reductions in the maritime industry,” Damen and NIBC said.
Financial or operational lease options allow operators to renew or extend their fleet, they said.
“In the highly competitive sector of offshore, harbour and inland operations, the capital investment to acquire new vessels is complicated for operating companies.”
Lease contracts from Damen always include a buy-back guarantee, the Kommer Damen-chaired shipbuilder said.
“Should a company not succeed in their operations, the vessel can perform profitably with another client,” it said.
Martin van Eyk, manager of specialised finance at Damen, said: “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.”
In October, Damen teamed up with Abu Dhabi shipowner and shipbuilder Al Seer Marine to target what it sees as huge potential in newbuildings.
The idea is to combine the best maritime talent in the industry and help position the United Arab Emirates as the global centre for excellence.
Al Seer sees a potential of more than AED 36.7bn ($10bn) in current markets in the coming 10 years.
