Specialist

Ship and Vessel Financing

How much do you want to borrow?

 

Marine and Boat Finance

Clifton private finance

We specialise in sourcing high value ship and vessel finance in the UK and internationally

 

High quality ship and vessel finance solutions for UK & international clients.

  • Finance for ships, container vessels, and the commercial shipping industry from £25,000
  • Competitive  marine vehicle finance that often outperforms dealer offers
  • Flexible finance options which includes: Personal loans, Personal contract Purchase (PCP), Hire Purchase, Lease Purchase
  • Tailored bespoke service
  • Refinance options
  • Flexible repayment periods
  • Boat and marine finance available on new, used and auction bought Yachts and boats
  • Business owners - Refinance existing assets to free up your company's liquid capital
  • Business owners - Cashflow matched repayments
  • Asset finance for ships, marine boats, and vessels

We can deliver enhanced, bespoke or exclusive terms through our market knowledge.  

Call us on 0203 900 4322 to discuss your requirements.

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Ship and Vessel Finance in the UK

What is Ship & Vessel Financing?

Owning and operating ships and vessels in the UK maritime industry requires significant capital investments and ongoing costs. Whether you need a small tanker vessel, large containership or specialised shipping craft, financing is often essential.

Ship financing refers to obtaining funds to cover the major expenses associated with ships and vessels, which typically include:

Rather than paying the full capital cost upfront, ship owners can access affordable financing solutions that spread the costs over time. Popular options include debt financing, equity investment or increasingly - ship leasing.

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Types of Ship & Vessel Finance

Depending on your requirements and investment strategy, there are various financing products and structures suitable for UK ship owners:

Ships that we can source finance for

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The Ship Financing Process

Obtaining funding for UK ship acquisitions typically involves the following steps:

Advantages of Ship Finance

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Additional Ongoing Costs of Ship Ownership

Obtaining financing for the initial acquisition is just one part of the expense involved with ship and vessel ownership in the UK. There are significant ongoing operating costs that must be considered and budgeted for over the lifetime of the asset. It's crucial to carefully evaluate and plan for these expenses when structuring your ship finance package. You should also consult experienced ship brokers and maritime consultants who can advise on realistic cost projections based on the vessel type, size and intended operations.

At Clifton Private Finance, our ship finance experts can guide you through forecasting these costs and structuring an affordable financing solution to cover both the asset purchase and operating expenditure. With over 20 years of industry experience, we'll provide expert insights tailored to your unique situation.

Some of the major ongoing costs associated with UK ship and vessel ownership include:

  • Crew Salaries & Provisions For oceangoing vessels, maintaining a full crew is essential and represents a major annual expense. This includes salaries, benefits, victualling and other crew provisions which can range from £500,000 to over £5 million per year depending on crew size.
  • Fuel Costs
    Bunker fuel expenditure for powering ships is substantial, especially with larger vessels. Costs can fluctuate significantly based on global fuel prices but could reach £5 million+ annually for some ship types.
  • Insurance Premiums Comprehensive insurance coverage is mandatory, including Hull & Machinery, Protection & Indemnity and potential specialist policies. Premiums depend on vessel value but can reach 1-5% of the insured value per year.
  • Classification & Statutory Fees
    To maintain regulatory compliance and retain certification, there are annual fees for classification societies like Lloyd's Register as well as various statutory charges.
  • Drydocking & Special Surveys Vessels must periodically go into drydock for deep inspection and potential repairs. Costs for drydocking range from £500,000 for smaller ships to over £5 million for ultra-large container vessels.
  • Lubricating Oils & Stores
    Substantial quantities of lubricants, chemicals, stores and other consumables are required, costing £250,000 per year or more depending on vessel type and operations.
  • Port Fees & Taxes For each port of call, there are fees for pilotage, towage, berth hire and various taxes/duties that can add up considerably over a year of trading.

The financing amount you require depends not only on the ship purchase cost but ensuring you have sufficient capital to cover both the asset and these ongoing operating expenses long-term. Our ship finance experts can guide you through an accurate assessment.

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Speak to UK Ship Finance Specialists

Whether you need small coastal vessels or large oceangoing ships, the expert ship and maritime finance team at Clifton Private Finance can source competitively priced funding solutions tailored to your precise needs.

With decades of experience and strong lender relationships across the sector, we'll secure you the optimal financing package while handling all negotiations and approval processes.

At Clifton Private Finance, we have a team of specialist finance brokers who can help you finance a ship or vessel in the UK. We can work with manufacturers and dealers to arrange your ship or vessel financing plan and finalise your purchase. We can also help you finance new, used, or auction-bought ships, and offer the most competitive service for you.

To find out more about our finance broker service, don’t hesitate to contact us today.

We offer a free and no-obligation telephone consultation at a time that suits you.

Call us today to discuss your requirements on 0203 900 4322

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