Dutch shipping finance house Nesec has launched a new vessel fund worth €250m ($275m) for domestic and other European Union-based owners to help fill the gap left by the pull-back of traditional banks.
The cash is aimed at financing newbuildings, ship modifications and secondhand deals in the short-sea sector, which it called the most important for Dutch owners.
The Nesec Shipping Debt Fund (NSDF) is backed by the Dutch government's Ministry of Economic Affairs and Climate Policy.
