Vessel Build Program
NFS is working with Jensen Maritime Consultants to build & finance the multi-purpose tugboats. These are high-performance tugs that are in high demand, and we are currently working with several maritime fleets to build multiple units. Jensen receives preferential pricing on engines, gears, winches, etc., and can provide Construction Management services wherever the tugs are built. This allows us to build these vessels at a reduced price, and we have received Rough Order of Magnitude pricing from twelve qualified builders located in the Pacific Northwest and Gulf regions
Construction Management:
Building the vessels in a turn-key manner is critical to reaping the benefits of this program. Jensen will design the vessels and oversee construction at the shipyards, thereby ensuring vessels are built on time, to specifications, with the level of quality you can be proud of.
Options:
Clients will be provided options for the vessels, including the following:
Beyond fleet expansion, these new boats will allow Operators to add or replace older assets with Tier IV (EPA compliant) tugboats that are USCG Subchapter-M compliant, with an ABS load line certificate.
Options Menu:
Several options are available and will be added or (deducted) from the base price of the vessel, and monthly payments will be adjusted accordingly:
Caterpillar engines - $950,000
Markey Winch (single drum) - $185,000
Markey Winch (double drum) - $372,000
Fire Fighting Systems - $1,500,000
Hybrid Engine Options - $1,500,000
Caterpillar Z-Drives - ($272,000)
Gulf Shipyard Construction ($500,000)
Acceptance at Gulf Shipyard ($500,000)
* West-Coast Operators only
Construction / Term Loan
Vessel financing is an integral part of the vessel build program and we will provide 100% of the capital required to build and finance the vessels.
Up-Front Costs: six-months loan payments (kept in escrow at bank)
Construction: Borrower will be responsible for (Interest only) payments during the construction period.
Loan or Lease Option: 20-year amortization with 10-year balloon (62% residual value)
Interest Rates: Option of fixed or floating rate, that will be tied to an index.
NFS is working with Jensen Maritime Consultants to build & finance the multi-purpose tugboats. These are high-performance tugs that are in high demand, and we are currently working with several maritime fleets to build multiple units. Jensen receives preferential pricing on engines, gears, winches, etc., and can provide Construction Management services wherever the tugs are built. This allows us to build these vessels at a reduced price, and we have received Rough Order of Magnitude pricing from twelve qualified builders located in the Pacific Northwest and Gulf regions
Construction Management:
Building the vessels in a turn-key manner is critical to reaping the benefits of this program. Jensen will design the vessels and oversee construction at the shipyards, thereby ensuring vessels are built on time, to specifications, with the level of quality you can be proud of.
Options:
Clients will be provided options for the vessels, including the following:
- Shipyard Location: (Northwest or Gulf)
- Nautica/Jensen will select the shipyard based on the RFP
- Equipment Options: Engines, Drives, Winches, Fire Fighting Systems
- Base pricing will include MTU engines, Rolls Royce Z-Drives and Rapp winches.
- Options will include Caterpillar engines and drives, Markey winches, firefighting systems, hybrid engine options, and location of acceptance.
- Base pricing will include MTU engines, Rolls Royce Z-Drives and Rapp winches.
Beyond fleet expansion, these new boats will allow Operators to add or replace older assets with Tier IV (EPA compliant) tugboats that are USCG Subchapter-M compliant, with an ABS load line certificate.
Options Menu:
Several options are available and will be added or (deducted) from the base price of the vessel, and monthly payments will be adjusted accordingly:
Caterpillar engines - $950,000
Markey Winch (single drum) - $185,000
Markey Winch (double drum) - $372,000
Fire Fighting Systems - $1,500,000
Hybrid Engine Options - $1,500,000
Caterpillar Z-Drives - ($272,000)
Gulf Shipyard Construction ($500,000)
Acceptance at Gulf Shipyard ($500,000)
* West-Coast Operators only
Construction / Term Loan
Vessel financing is an integral part of the vessel build program and we will provide 100% of the capital required to build and finance the vessels.
Up-Front Costs: six-months loan payments (kept in escrow at bank)
Construction: Borrower will be responsible for (Interest only) payments during the construction period.
Loan or Lease Option: 20-year amortization with 10-year balloon (62% residual value)
Interest Rates: Option of fixed or floating rate, that will be tied to an index.
- Interest rates for construction and term finance are typically below market and are customized for each the Vessel Operator.
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