Utility vessels are professional working boats, be it in the field of water depollution (cleaning oil spills o debris) in a laguna, push boats or pilot boats in ports, Crew Transfer Vessels (eg. to transport maintenance workers to offshore windmills), etc. Clearly, this market is growing and this tendency is long term.
These boats come at a higher price tag and require rigorous due diligence as from the moment of ordering, both from the manufacturer well as the operator. Typically, our lease product requires a ring-fenced SPV per boat where income and charges are counter balanced. We consider our proposal as a “project-Based” solution to find the ideal funding match.
The lead time between boat ordering and delivery can be lengthy (eg. 18 months?) which is where Sealease is able to bridge the gap. We have partnerships with the major Manufacturers who acknowledge that our financing proposal is offering them an additional advantage towards their prospect in need of funding.