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Damen reveals its plans to launch financial services division

Damen reveals its plans to launch financial services division

Damen Shipyards Group, a Dutch shipbuilder, has announced plans to launch a specialized financial services division on April 1, 2021.

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“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," said  Jan Willem van Helden, managing director of Damen Financial Services.

As previously stated, the unit will assist clients in obtaining new ship financing via both operational and financial lease structures.

The shipbuilding company has been assisting its clients in obtaining funding for new ships for decades.

The benefit for shipowners, according to Damen, is that they can treat their capital expenditure as operating costs (OPEX). The additional service for Damen means that a broader package, including repairs, is available, allowing for better management and, as a result, a more sustainable use of the ships.

Damen Shipyards Group's latest division's working method paves the way for new business models.

Damen predicts announcing the new division's first tasks in the near future.

Through design, shipbuilding, ship repair, and related services, Damen Shipyards Group provides maritime solutions around the world. The company has 36 shipyards spread across 18 countries.

Maritime Business World 

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