Finance Approach:

WAM finances sustainable equipment under medium term leases. We finance 100% of the equipment cost, and can fund either new equipment direct from the manufacturer, or existing installed equipment under sale and leasebacks. We tend to lease equipment over either a 36 or 60 month terms, whereupon title in the equipment will be returned to our customer. 

Some of the equipment we finance is described below:

Ballast Water Management Systems (BWMS)

WAM are dedicated to financing Ballast Water Management Systems (BWMS).

We have a substantial fund in place and are currently actively financing BWTS. The finance process is kept as simple as possible. Ship owners write the BWMS purchase order with their manufacturer, WAM undertakes to pay and take title to the equipment for onward lease to the ship owner. Warranty and performance issues remain between the ship owner and manufacturer under the purchase order terms.

This is a proven positive outcome for Ship Owners in terms of cash flow. Owners experience a small monthly increment to their opex cost instead of the large capex cost they would otherwise incur purchasing the equipment outright. For a piece equipment that delivers zero return on investment to the ship owner, leasing is a rational choice.

Exhaust Gas Cleaning Systems (EGCS)

WAM are following the BWMS model to offer financing for the purchase of EGCS. 

Other Environmentally Sustainable Projects

WAM are working closely with manufacturing partners to finance the next phase of sustainable environmental solutions to overcome the changing nature of environmental challenges moving forward. This includes Wind-Assisted Propulsion (rotors/sails), Carbon Capture and Shore Power (vessel based and in port).

Engineering, Procurement & Construction (EPC) Projects

WAM are also actively discussing lease financing with manufacturers supplying large EPC projects in both maritime and land-based areas.