New Financial Service Model for Port Calls Launched

Wilhelmsen Port Services, in partnership with Round Fort Capital, introduced a new financial service at the Posidonia exhibition in Greece that removes the need for prefunding port calls and canal transits.

Traditionally, prefunding has been the norm in the industry, requiring customers to advance funds based on proforma disbursement accounts (PDAs) prior to port calls. This practice often ties up working capital, raises capital costs, and adds a significant administrative burden. 

Wilhelmsen’s innovative port cost financing model allows customers to handle port call payments worldwide without the necessity of prefunding.

Wilhelmsen stated in a release yesterday, “This flexibility, combined with favourable credit terms and payment structures, sets a new industry benchmark for financial and operational efficiency.”