Bühler GmbHTBA GroupVan AalstSailors SocietyTMS Awards 2023Telestack
  • TBA Group
  • Geneva Dry
  • Vigan
  • Sailors Society
  • Van Aalst
  • Port of South Louisiana

Damen launches Financial Services division

Damen launches Financial Services division

(Posted on 05/03/21)

As of April 1, 2021, Damen Shipyards Group will start a specialised Financial Services division. This unit supports clients in the financing of new ships by means of both operational and financial lease constructions.

In itself it is not new that Damen assists its clients in attracting financing for new ships. This has been happening for thirty years. “However, the demand for lease solutions is increasing,” explains Jan Willem van Helden, managing director of Damen Financial Services. "By making it a separate entity within the group, we can work with external investors, banks and specialists to optimise our offering on both a large and a smaller scale, with ships and services as one package."

The advantage for Damen's customers is that they can treat their capital investment as operational costs (OPEX). For Damen, the extra service means that a broader package, including maintenance, is offered, so that, for example, better management can be done towards a more sustainable use of the ships. Jan Willem van Helden: “Ship-as-a-Service and circularity in shipbuilding come a step closer. Moreover, the new service means that, from a governance perspective, we have a better overview of how the financing works.”

The working method of the new division opens the way to new business models for Damen Shipyards Group. “In the past, we would first sell a ship and then support our customer with the financing structure,” explains Jan Willem van Helden. “In the new set-up, the operating structure and financial framework are created first, after which customers are approached to purchase ships. This generally include a long term, low risk element such as a concession or charter contract.”

Damen expects to be able to announce the first tangible projects of the new division shortly.

Damen Shipyards Group has been in operation for over ninety years and offers maritime solutions worldwide, through design, shipbuilding, ship repair and related services. Damen operates 36 shipyards in 18 countries and offers direct employment to more than 13,000 people.

Latest News

Biomar delivered to AtoB@C Shipping as production of last vessel of series begins

(Posted on 20/06/25)

Biomar has been delivered to ESL Shipping's subsidiary AtoB@C Shipping on June 16, bringing the number... Read more


Smart Ship Hub digital platform deployed for Great Eastern Shipping Company fleet

(Posted on 20/06/25)

Great Eastern Shipping Co. Ltd. (GESCO), India's largest private fleet owner of bulkers and tankers,... Read more


Baltic Exchange introduces monthly audits to improve Baltic index quality

(Posted on 20/06/25)

Baltic Exchange has launched a new quality control mechanism to support its ongoing audit policies for... Read more


INTERCARGO report: Safety gains continue but security threats emerge

(Posted on 15/06/25)

INTERCARGO, the International Association of Dry Cargo Shipowners, reports encouraging progress in bulk... Read more


Marcura and Sedna Partner to simplify maritime workflows

(Posted on 15/06/25)

Marcura and Dataloy Systems have announced a new phase in their long-standing strategic partnership... Read more


Ageing fleet drives surge in number of maritime incidents, says DNV report

(Posted on 06/06/25)

According to DNV’s latest report, Maritime Safety Trends 2014-2024 - Preparing for future risks... Read more


Two Damen Combi Freighters 3850 launched for Fast Lines Belgium

(Posted on 06/06/25)

The second of three Damen Combi Freighters (CF) 3850 has been launched in China for Fast Lines Belgium... Read more


Columbia: Diversity’s ‘forgotten twin’ inclusion must be priority

(Posted on 06/06/25)

Inclusion is every bit as important as diversity in ensuring that shipping becomes a truly welcoming... Read more


Postfix for shipbrokers made simple

(Posted on 02/06/25)

AXSMarine, a pioneer and market leader in the provision of advanced solutions and market intelligence... Read more


Veson Nautical and Great Eastern Shipping go live with IMOS Platform

(Posted on 30/05/25)

Veson Nautical, a global leader in maritime data and freight management solutions, and The Great Eastern... Read more


CimbriaGeneva DryViganPort of South LouisianaPort of Stockton
  • TMS Awards 2023
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping