Boutique finance consultant and arranger RMK Maritime has beefed-up its capacity to deliver ship mortgage loans backed by private equity money.

It marks a fresh source of competitively-priced capital for small to medium-size shipowners looking to finance second-hand ship acquisitions who may struggle to get the backing from traditional lenders.

$300m available

The London and New York firm has already lent just under $50m, with $300m available to lend in the next 12 to 18 months, the company’s founders say.