Workboat Finance
Finance for commercial workboats - crew transfer vessels, survey boats, pilot boats, harbour craft, and offshore support vessels. Marine mortgage and hire purchase from specialist commercial marine lenders who understand the UK workboat market.
The right structure for every workboat requirement
Crew Transfer Vessel Finance
Finance for CTV and MPSV crew transfer vessels for offshore wind farm and oil and gas platform support. The fastest-growing workboat sector in UK waters. Specialist lenders with offshore energy sector knowledge.
Survey & Support Vessel Finance
Finance for hydrographic survey vessels, geotechnical survey boats, and marine research support vessels. Specialist lenders who understand the survey and inspection market.
Pilot Boat Finance
Finance for pilot vessels for port authorities and harbour operations. MCA-certified pilot vessels financed by specialist commercial marine lenders.
Harbour & Port Craft Finance
Finance for tugs, mooring launches, line boats, and harbour authority craft. Specialist lenders familiar with port authority and commercial harbour operator finance.
Marine Mortgage
Long-term marine mortgage for higher-value workboats and offshore support vessels. The vessel is the primary security, with the operator's commercial track record as a supporting factor.
Workboat Refinance
Release capital from workboats already owned. Useful for operators funding new vessel acquisitions or business expansion while retaining existing fleet in service.
How it works
Vessel and operation details
Vessel type, LOA, MCA category, year, engine, operational area, and operator track record.
Commercial lender sourcing
Specialist workboat and commercial marine lenders. Close Brothers, Shawbrook, and Bibby/BFS Marine Finance are key panel members for this sector.
Survey and income assessment
Full marine survey and assessment of commercial income, contracts, and operator reputation.
Completion
Commercial marine finance documentation and maritime solicitor security registration.
Ready to discuss Workboat Finance?
Call 0204 6211776 or complete our enquiry form. Indicative terms typically within hours.
Frequently asked questions
What types of workboat can be financed?
All types - crew transfer vessels, pilot boats, survey vessels, mooring launches, tugs, barges, push-boats, dredgers, and specialist port craft. The MCA survey and certification status are key assessment factors.
Is MCA certification required before finance?
MCA certification for commercial operation is required or in advanced progress before most specialist commercial marine lenders will drawdown. We advise on the certification timeline before approaching lenders.
What advance rate is available on a workboat?
Typically 65-80% of open market value for well-maintained, certified workboats with active commercial contracts. Track record and contract security support higher advance rates.
Can new workboat operators access commercial marine finance?
Yes - with appropriate marine experience, MCA certification, and contracted commercial work. Deposit requirements are typically higher for new operators without established track records.
Is offshore wind support vessel finance available?
Yes - CTV and MPSV finance for offshore wind farm support is a growing specialist area. Lenders with offshore energy sector knowledge are on our panel.
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