NSDF advances loans to a Dutch shipowner
Just prior to Easter Nesec Shipping Debt Fund has successfully advanced loans to a Dutch ship owner. To optimise its balance sheet capitalisation, the shipowner opted for alternative, non-bank, funding, to refinance maturing debt on a number of vessels.
The finance structure includes investment in ballast water treatment systems. This equipment filters seaborne emissions of exotic aquatic organisms from vessels and prevents pollution of the marine environment. During 2021 NSDF plans to advance further loans in order to sustain lending capacity for maritime SME companies and to contribute to the reduction of ship-related emissions.