Skip to main content

DAMEN TO PROVIDE FINANCE OPTION FOR GREEN SHIPPING PROJECTS

DAMEN TO PROVIDE FINANCE OPTION FOR GREEN SHIPPING PROJECTS

Friday, April 16, 2021 

Damen Shipyards Group has announced a partnership with Purus Marine, an environmentally focused maritime vessel and infrastructure company established by EnTrust Global, for the financing of green shipping projects.

The partnership, named DP Lease, aims to provide client-centric, flexible and attractively priced long-term lease financing solutions to solve the financing gap created by additional capital expenditure requirements associated with the purchase of environmentally-advanced vessels. DP Lease aims to support decarbonisation of the maritime industry.

Jan-Willem van Helden, MD Damen Financial Services, said: “DP Lease will help clients to renew their fleets by means of highly sustainable vessels and lease finance solutions. 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 emission marine vessels.”

Svein Engh, Senior Advisor and Board Member, Purus Marine, said: “We are delighted to team up with the well-established team at Damen to provide much needed leasing solutions to vessel owners looking to decarbonise and provide end users with greener vessels for the future. We believe this partnership structure is very creative and look forward to helping the various maritime sectors move towards a greener future.”

The partnership will own environmentally-friendly Damen-built vessels which will then be leased to the shipbuilder’s clients. The partnership will invest in a number of sectors, including public transport, offshore wind, and harbour and terminal. Subsequently, this will extend to include inland and short sea shipping. The timing enables the partnership to support numerous forthcoming public transport contracts in north west Europe.

DP Lease is aligned with Damen’s ambition to become the world’s most sustainable shipbuilder as well as with its goal of being a stable financing partner for potential vessel buyers. The partnership will draw on Damen’s experience in building sustainable vessels and its access to green maritime technology. The partnership with Purus Marine is founded upon Damen’s activities in multiple sectors and markets and long-term view as a family owned company.

Julian Proctor, CEO Purus Marine, said: “We believe DP Lease will provide its customers with bespoke vessel financing, which is not only cost-effective, but also produces a significant positive environmental impact. With its track record in the construction of fully electric tugs, ferries and dredgers and its practice of standardised shipbuilding, Damen is well positioned to facilitate the fast delivery of a reliable fleet of sustainable vessels.”

The launch of DP Lease follows Damen’s recent creation of its latest division, Damen Financial Services. Damen has a track record in the provision of financing for its clients and has long-standing relationships with national and international banks, export credit insurers, investors and multilateral institutions.

Damen’s partner in DP Lease, Purus Marine, is an owner of environmentally-advanced maritime vessels and infrastructure equipment, contracted to leading customers in the ocean industries. Purus Marine was established by EnTrust Global, a leading asset management firm with over US$19bn in assets.  

Reader Comments (0)

There are currently no comments on this article. Why not be the first and leave your thoughts below.

Leave Your Comment

Please keep your comment on topic, any inappropriate comments may be removed.

Return to index