Union Maritime is developing a new lease financing program aimed at accelerating the adoption of wind-assisted propulsion systems (WAPS) in the maritime sector.
The program, SeaBreeze, will partner with WAPS manufacturers to offer tailored lease financing solutions for the acquisition and deployment of wind propulsion technologies.
Union Maritime says the program will seek to address the problem of ‘limited’ traditional bank financing by offering 100% financing for wind technology equipment.
‘The development of SeaBreeze demonstrates Union Maritime’s commitment to driving forward smart and innovative technologies to shape the future of global shipping,’ said Guy Blunden, Head of Transactions & Strategy of Union Maritime.
‘There is a clear market need for innovative financing solutions, and we are uniquely positioned to fill that gap. We look forward to sharing more as the project progresses.’
SeaBreeze is scheduled to launch towards the end of 2025.