Norwegian ballast water treatment system supplier, Optimarin, claims to be the first in its sector to offer a lease finance option to customers, potentially including all servicing and spare parts, with no upfront deposit and fixed at competitive interest rates.
The company, which has now installed about 600 of its 1,000-unit orderbook, is collaborating with a UK-based finance company to offer customers monthly rentals as an alternative to major upfront capital expense. This should prove attractive to many ship operators who face mandatory installations at a time of extreme market uncertainty and unpredictable demand, the company said.
Optimarin’s executive vice president, Sales and Marketing, Tore Andersen, said: “We want to make ballast water treatment compliance easy for everyone. And this is a major step forward in enabling that ambition. Providing customers with flexible financing options is in keeping with that philosophy, helping owners get the technology they need without the headache of ‘jumping through hoops’ to finance it.”
The company’s technology is based on a combination of UV and filtration and is suitable for small and medium-sized vessels. Customers include Royal Caribbean International, Fednav, Hapag-Lloyd, McDermott, the Danish Navy and Technip. Its system was also chosen by US shipyard Eastern Shipbuilding for a series of offshore patrol cutters built for the US Coast Guard.