Fleet management transaction
DLL, global provider of asset based financial solutions, has been working successfully with Stena Line, one of the world’s largest ferry operators, on a transaction to finance the replacement of its fleet of terminal tractors in six ports in the Netherlands and the UK.
The transaction covers a fleet of 76 units of Terberg terminal tractors, used for towing the cargo trailers in and out of the ships. Ships have little time in port, so the (un)loading of cargo needs to be done efficiently.
Structuring the transaction was complex due to the long term of 7 to 10 years, high residual values, and multiple jurisdictions. A tailored solution was provided which enabled Stena Line to retain the flexibility and service options offered by Terberg.
