Port of StocktonTelestackTBA GroupViganGeneva DryVan Aalst
  • Telestack
  • TBA Group
  • Port of South Louisiana
  • TMS Awards 2023
  • Sailors Society
  • Van Aalst

Vessel financing facility announced

Vessel financing facility  announced

(Posted on 09/05/24)

In a landmark partnership, Damen Financial Services (DFS) and Siemens Financial Services (SFS) have joined forces to establish a new facility for vessel financing solutions: Damen Ship Lease (DSL). The DSL facility is now one of the funds of Damen Ship Lease Cooperation which is managed by DFS. It is designed to provide current and prospective ship owners with the ability to expand their fleets by enabling them to acquire state-of-the-art vessels using flexible financing options.

This strategic alliance combines Damen’s extensive expertise in maritime solutions with Siemens Financial Services’ experience in financing the maritime industry. The two organisations also share a commitment to advancing the maritime sector through sustainable and client-focused services. The lease options offered allow operators in the highly competitive maritime industry to acquire vessels with the latest technology on board, enabling them to renew their fleets to become more sustainable and efficient. Financing is specifically available for workboats such as tugs, fast crew suppliers, Multi Cats, tenders, small ferries and waterbuses.

Director Damen Ship Lease Thijs Verwoerd says: “We are proud to be expanding our business through this partnership with Siemens Financial Services and glad that we can offer even more clients the option to acquire new Damen vessels. We are particularly happy that this facility will provide vessel operators with broader access to the latest maritime innovations – notably those that will support them in achieving increased sustainability.”

“We are pleased to be collaborating with the world leading Damen Group to drive their business forward,” adds Julian Hobbs, CEO, Siemens Financial Services. “We already finance a number of Damen-built vessels for other shipowners, making this partnership a natural progression. Our expertise in the leasing and marine markets, combined with our commitment to customer service, enabled us to structure this finance arrangement. Our Marine Finance offering has come a long way in a short time and having partners like Damen points to a bright future.”

Damen Shipyards Group has been in operation for over ninety-five years and offers maritime solutions worldwide, through design, construction, conversion and repair of ships and ship components.

Damen operates 35 shipyards and 20 other companies in 20 countries, supported by a worldwide sales and service network.

Established some 12 years ago, DSL has a strong track record of working with both financial institutions and maritime companies. It has provided lease financing to over 100 vessels generating over half a billion euros in sales value for Damen Shipyards Group. DSL’s approach is characterised by offering leasing solutions to customers that are in the start-up or scale-up phase. With limited down payment requirements, lessees are given the opportunity to build their businesses. By participating in the financial risk of a client’s operation, DSL demonstrates its confidence in the possibilities for its clients to operate efficiently using Damen vessels.

The B2B financing arm of Siemens, SFS provides financing that makes a difference. SFS empowers customers around the globe to access technology with the aim of increasing their competitiveness. Based on its unique combination of financial expertise, risk management and industry know-how, SFS provides tailored financing solutions across a range of industries, paving the way for enhanced industrial productivity, smart infrastructure and sustainable mobility, thereby facilitating the energy transition and enabling high-quality healthcare.

Latest News

Onboard carbon capture relies on industry collaboration says DNV

(Posted on 07/06/24)

Onboard carbon capture (OCC) is attracting interest within the shipping industry, providing shipowners... Read more


Franman to promote Saudi’s IMI in Greece and Cyprus

(Posted on 07/06/24)

Athens-based Franman, a leading representative and supplier of premium equipment, parts, products and... Read more


Veson: Bulker newbuilding values at 15-year high

(Posted on 01/06/24)

Values for newbuild vessels of 180,000 DWT are up by c.5.45% from USD 66.09 mil to USD 69.63 mil according... Read more


NorthStandard annual review figures verify value of scale and reach

(Posted on 31/05/24)

Global marine insurer, NorthStandard, recorded increases in premium income, investment returns, and... Read more


VIKAND and Riverr forge srategic partnership

(Posted on 31/05/24)

VIKAND, the global leader in maritime healthcare, and Riverr, a pioneering AI deeptech start-up based... Read more


CMB.TECH and Damen agreement for hydrogen-powered tugs

(Posted on 28/05/24)

CMB.TECH and Damen have announced their collaboration on hydrogen-powered ASD Tugs. Built by Damen,... Read more


Female cadets seeing growing acceptance says Columbia Group

(Posted on 22/05/24)

The maritime sector is at a crossroads, grappling with an evolution that is as necessary as it is overdue... Read more


Shipping needs radical overhaul of corporate governance

(Posted on 22/05/24)

Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) is calling for a radical restructuring... Read more


CSM Türkiye collaboration with bulker operator Transoba Denizcilik

(Posted on 15/05/24)

Columbia Shipmanagement (CSM), member of Columbia Group, has underlined its commitment to the Turkish... Read more


OTG and WISTA join forces to drive gender diversity and inclusion

(Posted on 15/05/24)

Ocean Technologies Group (OTG), the leading global provider of Human Capital Management solutions for... Read more


Port of South LouisianaSailors SocietyBühler GmbHTMS Awards 2023Cimbria
  • Vigan
  • Bühler GmbH

Subscribe to our newsletter

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